Quarterly earnings improved 4 percent, lifted by stronger contributions from Bank of the Philippine Islands (BPI), Ayala Land Inc. (ALI), and a rebound in portfolio units such as AC Health, AC Logistics, Integrated Micro-Electronics Inc. (IMI), and iPeople.
“While [gross domestic product] growth has slowed somewhat, our core businesses remain steady and our portfolio businesses continue to improve," Ayala CEO Cezar P. Consing said.
"Our recently announced initiatives in retail, Makro and Spinneys, signify continued confidence in the long-term growth trend of the Philippine economy," he added.
Headline figures
• BPI posted a 5-percent income rise to P50.5 billion, lifted by strong loan growth and wider net interest margins.
• Ayala Land inched up 1 percent, supported by stable property development, leasing, and hospitality operations.
• Despite weaker third-quarter GDP and uneven sector results, Ayala’s business mix continues to show long-term resilience led by banking, property, and select portfolio units.
• Globe’s core income dropped 12 percent, while ACEN fell 18 percent on weaker revenues from wind, spot prices, and new depreciation tied to 2024 plant rollouts.
• Including a large revaluation gain from AC Ventures after Mitsubishi’s entry, Ayala’s reported net income jumped 36 percent to P46.3 billion.
Healthcare, automotive segments support gains
AC Health sharply narrowed its net loss from P417 million to just P9 million as hospitals and clinics posted strong patient growth and higher spending per visit, supported by gains from the sale of KMD shares.
The group also expanded in the Visayas through its acquisition of a 60 percent stake in Cebu Velez General Hospital, reinforcing its push to build a nationwide healthcare network.
ACMobility likewise staged a full turnaround with an P18-million profit driven by surging car sales—more than doubling to 31,669 units—led by strong demand for BYD hybrid models and new offerings from Kia.
The unit further expanded its charging footprint to 336 points nationwide, strengthening its position in the fast-growing new-energy vehicle segment with an 81.5-percent market share. —Edited by Miguel R. Camus
