• Core net income held at P25.5 billion in full-year 2025, flat from 2024
• Reported income rose 1 percent to P18.3 billion after P7.2 billion one-off charges
• Food and beverage profit contribution jumped 28 percent to P7.6 billion
• Power remained largest contributor with 46 percent share of earnings
• Total assets expanded 13 percent to P1 trillion
Aboitiz Equity Ventures, Inc. delivered stable earnings in 2025 as rapid expansion in its food and beverage operations offset impairment charges in its power business.
The conglomerate posted P25.5 billion in consolidated core net income, unchanged from 2024.
After P7.2 billion in non-recurring charges, mainly tied to the partial impairment of the GNPower Mariveles Energy Center by AboitizPower, reported net income edged up to P18.3 billion from P18.1 billion a year earlier.
Food emerges as growth engine
Food and beverage, which includes the Pilmico Group, delivered the strongest expansion across AEV’s portfolio, underscoring the group’s strategy to build a regional food platform.
Performance was also boosted by the full-year impact of Coca-Cola Europacific Aboitiz Philippines Inc., which joined the portfolio after its financial close in February 2024.
The food and beverage segment’s profit contribution climbed 28 percent to P7.6 billion, driven by stronger volumes and improved margins at AboitizFoods operations spanning flour milling, animal nutrition, farms, livestock, and trading.
Operational efficiencies and higher demand across these businesses lifted margins, while continued investments in supply chain and production capacity supported growth.
Positive contributions from infrastructure, land
Aboitiz Land Inc. contributed P637 million, while Aboitiz InfraCapital, Inc. posted P680 million, up 6 percent, driven partly by higher passenger traffic at Mactan-Cebu International Airport and the addition of Laguindingan Airport and Bohol-Panglao International Airport.
Power still leads earnings
AboitizPower remained the group’s largest contributor, accounting for 46 percent of net income from strategic business units.
The energy company generated P79.6 billion in earnings before interest taxes depreciation and amortization, up 9 percent from P73.3 billion in 2024, supported by Chromite Gas Holdings and new renewable energy facilities.
Core net income reached P33.1 billion, with P10.4 billion contributed to AEV.
Banking contribution
Union Bank of the Philippines reported P10 billion in net income as revenues increased 7 percent to P83.2 billion on stronger lending activity.
Assets reached P1.2 trillion, with loans totaling P537.7 billion. The bank delivered P5 billion in earnings to AEV.
—Edited by Miguel R. Camus
