ABOITIZ Equity Ventures Inc. (AEV) on Friday reported a consolidated core net income of P25.5 billion for 2025, unchanged from the previous year, as strong operating contributions from its power, food and banking businesses supported earnings.
Reported net income reached P18.3 billion, up one percent from P18.1 billion in 2024, after accounting for P7.2 billion in nonrecurring items largely related to the partial impairment of the GNPower Mariveles Energy Center by Aboitiz Power Corp.
Power remained the largest earnings contributor, accounting for 46 percent of total net income contributions from the conglomerate’s strategic business units.
The food and beverage segment came next with 33 percent while banking and financial services contributed 22 percent, reflecting what it described as the balanced earnings profile of the group’s diversified portfolio.
AboitizPower generated P79.6 billion in earnings before interest, taxes, depreciation and amortization, up nine percent from P73.3 billion and driven by new renewable energy facilities and fresh contributions from Chromite Gas Holdings Inc.
It recorded P33.1 billion in core net income for the year while reported net income reached P19.5 billion after accounting for impairments and other nonrecurring items. The business contributed P10.4 billion in net income to AEV.
Meanwhile, Union Bank of the Philippines posted a net income of P10.0 billion in 2025 as revenues rose seven percent year-on-year to P83.2 billion, supported by higher net interest income and continued loan growth.
The bank ended the year with total assets of P1.2 trillion and a loan portfolio of P537.7 billion. UnionBank contributed P5.0 billion in net income to AEV.
The group’s food and beverage segment contributed net income of P7.6 billion, up 28 percent from P5.9 billion in 2024, driven by strong volumes and improved margins from Aboitiz Foods across its flour, farms, livestock, and trading businesses.
Performance was also supported by the full-year contribution of Coca-Cola Europacific Aboitiz Philippines Inc., following its financial close in February 2024, as the company expanded its market presence in the country.
In the real estate segment, Aboitiz Land Inc. contributed P637 million in net income, reflecting project completion cycles and the timing of revenue recognition.
Infrastructure arm Aboitiz InfraCapital Inc. posted an income contribution of P680 million, up six percent from 2024, supported by lot sales at the TARI Estate in Tarlac, higher passenger traffic at the Mactan-Cebu International Airport, the addition of Laguindingan and Bohol-Panglao airports to its portfolio and the contribution of its Apo Agua Infrastructura project in Davao.
AEV’s total assets reached P1.0 trillion as of end-2025, up 13 percent from P893.7 billion a year earlier. It ended the year with P90.3 billion in cash and cash equivalents, while equity attributable to shareholders rose to P289.5 billion.
Beyond financial performance, AEV said it continued to advance sustainability initiatives across the group, noting that it was ranked among the top three Philippine conglomerates in the 2025 S&P Global ESG Assessment.
Aboitiz Equity Ventures shares rose P0.35, or 1.08 percent, to close at P32.80 each on Friday amid a 0.94-percent drop for the benchmark Philippine Stock Exchange index.
