AbaCore Capital Holdings Inc. reported a robust financial rebound in the first quarter of 2025, posting a net income of ₱107.3 million, a dramatic turnaround from a ₱15.3 million loss in the same period last year. The recovery underscores the holding firm’s strategic management of its asset portfolio and its ability to capitalize on market conditions.
The profit surge was largely driven by a one-time ₱140.6 million gain from the disposal of investment properties, complemented by a steady uptick in recurring revenue such as interest income, which reached ₱20.8 million from ₱18 million in Q1 2024.
Total revenue skyrocketed by 1,122% to ₱142.45 million, compared to just ₱11.65 million a year ago, according to the firm’s financial disclosures. Operating expenses also rose to ₱33.1 million from ₱25.4 million, attributed to government-mandated employee benefits and higher office and fuel costs.
“This quarter’s results reflect our continued success in managing our investment and land portfolio, allowing us to take advantage of prevailing market conditions to maximize our profitability,” said Antonio Victoriano F. Gregorio III, president of AbaCore, in a statement.
AbaCore operates across diverse sectors including gaming equipment leasing, mining, real estate, and financial services. The first-quarter performance signals the strength of its diversified business model and the financial impact of its active asset rotation strategy.
Looking forward, AbaCore is pursuing an ambitious pipeline of development projects aimed at sustaining long-term growth and enhancing shareholder returns. These include:
- A resort and villa complex, waterpark, snow and ice world, and a marine biodiversity center at the Montemaria Shrine in Batangas;
- A coal mining operation through subsidiary Abacoal;
- The ABA Energy Hub project in Batangas City;
- Real estate developments in Lipa, Batangas and Silang, Cavite, with joint venture options under consideration.
The company is also in advanced negotiations for multiple land transactions with A. Brown, Pelican Group, and Eternal Gardens, and aims to strengthen its financial services through its subsidiary, Philippine Regional Development Corp.
“These initiatives are part of our broader strategy to increase our bottom line and continuously enhance shareholder value across our diversified business lines,” Gregorio said.
