The Aboitiz family saw its holding firm's first quarter profit slumped 35 percent as power earnings declined, but strong food gains and solid bank growth helped cushion the blow.
Aboitiz Equity Ventures Inc. is raising spending this year, mainly in power and infrastructure, to support growth after recurring income rose by 15 percent in 2024.
Aboitiz Equity Ventures Inc. (AEV) saw core net income rise 15 percent to P25.5 billion in 2024, up from P22.1 billion in 2023, driven by strong performances in power, banking, and food and beverage.