AYALA Corp. on Friday reported that core net income rose 7 percent to a record P48.3 billion last year from 2024’s P45 billion, supported by strong banking and property earnings and improved performance from emerging businesses.
In a disclosure, the conglomerate said growth was mainly driven by higher contributions from Bank of the Philippine Islands and Ayala Land Inc., while the turnaround of some non-core units also offset weaker results from its telecommunications and energy businesses.
Including one-off items, Ayala’s reported net income surged 46 percent to P61.4 billion, with the increase largely attributed to revaluation gains related to fintech subsidiary Mynt and Ayala Land’s sale of its stake in Alabang Commercial Center.
BPI posted a seven-percent rise in net income to P66.6 billion as record revenues offset higher operating expenses and provisions. The bank’s return on equity stood at 14.5 percent during the year.
Ayala Land’s core net income increased eight percent to P30.6 billion, driven by growth in its leasing and hospitality businesses alongside steady revenues from property development.
Including one-time gains from the sale of its stake in Alabang Commercial Corp., Ayala Land’s net income climbed 39 percent to P39.1 billion.
Globe Telecom, meanwhile, saw a three-percent decline in core net income to P20.9 billion as higher depreciation and interest expenses offset record service revenues.
Energy platform ACEN recorded a four-percent increase in core net income to P6.3 billion on higher renewable energy output, although reported earnings fell to P3.8 billion due to a one-off impairment charge related to wind projects in Vietnam.
Ayala said its balance sheet remained stable despite market volatility, with parent net debt declining 18 percent to P136.3 billion. This improved the parent net debt-to-equity ratio by 30 basis points to 0.76 times from 1.06 times a year earlier.
“Our strong performance in 2025 reflects the resilience of our core businesses and the steady progress of our emerging businesses,” Ayala President and CEO Cezar Consing said.
“Even as the operating environment remains uncertain, we are entering 2026 with greater clarity and focus. Across the group, we will continue sharpening our portfolio, demanding stronger returns, and reinforcing balance sheet resilience to ensure we deliver sustainable value for our shareholders.”
Ayala Corp. shares dropped P12.00, or 2.24 percent, to close at P523 each on Friday amid a 0.89-percent drop for the benchmark Philippine Stock Exchange index.
