ABOITIZ Equity Ventures, Inc. (AEV) on Monday confirmed that it was allocating P88.5 billion for capital expenditures (capex) in 2026, to be implemented across the Aboitiz Group together with its partners.
In a clarificatory letter to the stock exchange, the conglomerate said that of the total planned capex, P8.8 billion would go to its infrastructure segment, which includes Aboitiz Infracapital and Republic Cement and Building Materials Inc.
It said another P6.3 billion would go to its real estate developments, which include both residential and economic estate segments.
“AEV further confirms that it has no other material information to disclose regarding the subject matter of the article, other than those stated above,” the disclosure read.
The company made the clarification following reports that about P62 billion of its programmed capex this year would focus mainly on its power arm, Aboitiz Power Corp. (AboitizPower).
Aboitiz Equity earlier this month reported a consolidated core net income of P25.5 billion for 2025, unchanged from the previous year, and a reported net income of P18.3 billion from P18.1 billion in 2024 after accounting for P7.2 billion in non-recurring items.
AboitizPower was the conglomerate’s largest earnings contributor, accounting for 46 percent of total net income contributions, with a core net income of P33.1 billion in 2025. However, its reported net income stood at P19.5 billion after accounting for impairments and other non-recurring items.
Aboitiz Equity shares on Monday slipped P0.10, or 0.33 percent, to close at P30.40 each.