AYALA Corp.'s digital finance and power businesses delivered stronger earnings in the first nine months of 2026, cushioning weaker results from its property and banking units as the conglomerate continued to expand its growth engines.
Mynt, operator of e-wallet GCash, posted a 17-percent increase in net income to P16.5 billion, while Ayala Corp. Energy and Infrastructure Corp. (ACEIC) recorded a 62-percent profit improvement to P6.9 billion.
ACEN Corp., Ayala's renewable energy arm, also reported an 84-percent increase in net income to P3.3 billion, supported by a 22-percent rise in renewable energy output to 5,950 gigawatt-hours.
Mynt's adjusted revenues grew 12 percent to P67.1 billion, with its payment solutions business recording a 23-percent increase in gross transaction value to P15.1 trillion.
Its CreditTech business posted a 40-percent increase in revenues to P28.6 billion, while its loan book expanded 43 percent to P79.3 billion. Active borrowers reached 7.8 million, and monthly active users increased 10 percent to 42.1 million in the third quarter.
The company listed on the Philippine Stock Exchange on Oct. 20, marking a milestone for Ayala's digital finance business.
Globe Telecom Inc. also sustained its performance, with core net income broadly steady at P15.5 billion. Gross service revenues rose six percent to a record P129 billion, while earnings before interest, taxes, depreciation and amortization increased 6 percent to P68 billion.
Ayala's emerging businesses likewise showed improvements. AC Health narrowed its core net loss to P54 million from P75 million a year earlier, as revenues climbed 29 percent to P11.8 billion.
AC Logistics reduced its net loss to P151 million from P1.3 billion. Its earnings before interest and taxes turned positive at P264 million, improving by P740 million, while its EBIT margin rose 23.5 percentage points to 7.2 percent.
Integrated Micro-Electronics Inc. reported a 33-percent increase in net income to $22.3 million, excluding losses from Via Optronics.
These gains helped cushion weaker results from Ayala's property and banking businesses.
Bank of the Philippine Islands recorded a three-percent decline in net income to P48.9 billion, while Ayala Land Inc.'s net income fell 18 percent to P17.5 billion.
ALI's property development revenues dropped 24 percent to P57.6 billion. However, its leasing and hospitality revenues increased eight percent to P37.8 billion, with hotels and resorts contributing P8.9 billion, up 20 percent.
Leasing and hospitality accounted for 55 percent of ALI's earnings before interest, taxes, depreciation and amortization, compared with 44 percent previously.
Meanwhile, ACMobility's core net loss widened to P287 million from P117 million. Total unit sales nevertheless increased 30 percent to 41,166, giving the business a 12-percent market share. Sales of BYD vehicles rose 90 percent, while its share of the new energy vehicle market reached 55.8 percent.
Overall, Ayala's core net income softened six percent to P34.5 billion in the nine-month period, as lower contributions from its property and banking businesses and reduced non-operating income weighed on results.
The conglomerate's consolidated net debt increased 13 percent to P722.9 billion, while its net debt-to-equity ratio stood at 0.86 times, below its covenant limit of three times.
Ayala Corp. shares slipped P3.00, or 0.54 percent, to close at P557.00 each on Thursday.
