The group’s third-quarter earnings jumped 71 percent to P8.9 billion versus the previous quarter, lifted by better performance across its power, food, banking, and infrastructure units.
Management’s view
“AEV’s results this quarter reflect the resilience of our portfolio and the dedication of our teams across all our businesses,” said Aboitiz Group president and CEO Sabin M. Aboitiz.
“We continue to invest in growth areas that create long-term value for our stakeholders,” he added.
Key contributors
AboitizPower remained the top contributor with P12.5 billion in earnings, benefiting from higher generation margins, improved hydro inflows, and new solar capacity in Laoag, Armenia, and Calatrava.
UnionBank added P3.2 billion, down almost 24 percent from last year, while Aboitiz Land grew 69 percent to P879 million from asset sales.
Contributions from Coca-Cola Philippines venture
The food and beverage segment delivered P5.2 billion, up 25 percent year-on-year, driven by stronger flour, farm, and trading operations plus full-period gains from Coca-Cola Europacific Aboitiz Philippines.
Infra segment bounces back
Aboitiz InfraCapital returned to profit with P137 million, supported by expanding economic estates, airport operations, and water and digital infrastructure projects.
Its assets include the Mactan-Cebu International Airport, concessions to operate Laguindingan and Bohol-Panglao airports, the Apo Agua bulk water project in Davao, Unity Digital Infrastructure cell towers, data centers and economic estates.
As of Sept. 30, 2025, AEV’s total assets rose 9 percent to P971.1 billion, with cash at P90.8 billion and a net debt-to-equity ratio of 0.9x, underscoring its solid balance sheet as it pushes ahead with its “techglomerate” transformation.
—Edited by Miguel R. Camus
