AbaCore Capital Holdings Inc. reported a 2024 net income of P2.6 billion, up from P2.4 billion in 2023, driven by substantial fair-value gains on real estate assets. Earnings per share rose to 60 centavos from 56 centavos year-on-year.
The company attributed the 35 percent increase in fair-value gains — from P2.6 billion to P3.5 billion — to strategic timing in capitalizing on land appreciation within its extensive property portfolio. The gains significantly boosted book value per share to P5.01, compared to P4.39 the year prior, underscoring the deep discount of ABA’s share price, which remains below P1.00.
Total assets grew to P26.6 billion from P23.3 billion, reflecting sustained land bank replenishment despite divestments. ABA continues to hold 350 hectares in strategic locations following asset sales and new acquisitions.
Notably, the company completed the sale of a 16-hectare property in Batangas for P346.4 million, but deferred recognition of a P119.7 million gain to 1Q 2025 pending buyer obligations.
President Antonio Victoriano F. Gregorio III emphasized ABA’s strategy of leveraging real estate market cycles and outlined an aggressive expansion agenda for 2025. Key initiatives include the Montemaria Shrine lifestyle development, rollout of coal mining operations via subsidiary Abacoal, and launch of the ABA Energy Hub in Batangas City.
Further, ABA is pursuing joint ventures and land sales with groups such as A. Brown, Pelican, and Eternal Gardens, while bolstering its financial services arm, Philippine Regional Development Corporation.
“With our diversified asset base and strategic growth roadmap, we are confident in delivering enhanced shareholder value in 2025 and beyond,” said Gregorio.
