Improved earnings from AC Energy & Infrastructure (ACEIC) also contributed to this growth. When factoring in one-off items, Ayala’s net income saw a 21 percent rise to ₱22.3 billion.
“We are pleased with the sustained growth trajectory of our core earnings. We will continue to grow our quality businesses and explore initiatives to improve shareholder value,” Ayala president and CEO Cezar P. Consing said in a statement on Wednesday.
Banking, property
BPI achieved a record net income of ₱30.6 billion in the first half, a 22 percent increase driven by growth in loans, net interest margins, and fee income.
Ayala Land’s net income grew by 15 percent to ₱13.1 billion, supported by strong demand and consumer activity.
Telecommunications
Globe’s core net income rose by 18 percent to ₱11.7 billion, with data revenue growth and equity earnings from Mynt (GCash), which more than doubled profit to P6.3 billion.
Excluding gains from its tower sale program, Globe’s net income increased by one percent to ₱14.5 billion.
Energy
ACEN’s net income, excluding specific gains, surged 21 percent to ₱4.9 billion, fueled by higher renewable energy generation and a stronger position in the Philippine Wholesale Electricity Spot Market.
ACEIC, the parent firm of ACEN, recorded a 25 percent rise in net income to ₱6.7 billion, driven by increased contributions from ACEN, higher net financing income, and forex gains, despite lower returns from thermal assets. Including one-off items, ACEIC’s net income grew by 11 percent to ₱7.7 billion.
