Capital discipline and strategic investments drove Ayala Corp.’s performance last year, with the listed conglomerate spending P92.9 billion on expansions across residential, leasing, hospitality, and estate development. The outlay underscores the group’s confidence in long-term growth even amid market volatility.
Core net income, excluding one-offs, rose 7 percent to P48.3 billion, lifted by higher earnings from Bank of the Philippine Islands and Ayala Land, alongside turnarounds in emerging and non-core units. Including one-time items, net income soared 46 percent to P61.4 billion, buoyed by Mynt-related revaluation gains and ALI’s sale of its Alabang Commercial Center stake.
BPI posted a 7 percent net income rise to P66.6 billion, driven by record revenues, robust loan growth, and a 28-basis-point expansion in net interest margin to 4.59 percent, even as provisions rose. Total loans climbed 15% to P2.6 trillion, with strong growth in non-institutional lending.
ALI core net income grew 8 percent to P30.6 billion, propelled by leasing, hospitality, and steady property development revenues. Reported net income jumped 39 percent to P39.1 billion thanks to the one-off Alabang stake sale. Leasing and hospitality contributed P48.7 billion, up 7 percent, while industrial real estate jumped 37 percent. AREIT’s net income rose 28 percent to P9.4 billion, and assets under management reached P139.3 billion.
Globe Telecom saw core net income dip 3 percent to P20.9 billion as higher depreciation and interest offset record gross service revenues. ACEN, under AC Energy & Infrastructure Corp. posted a 4 percent core profit rise to P6.3 billion on higher renewables output, though reported income fell to P3.8 billion due to one-off impairments and lower spot prices.
Smaller units showed signs of recovery. AC Health swung to a P34 million profit from a P607 million loss, while Integrated Micro-Electronics Inc. returned to USD13.5 million profit. ACMobility narrowed losses to P386 million, and AC Logistics cut its deficit to P1.9 billion.
Ayala’s parent net debt fell 18 percent to P136.3 billion, improving the net debt-to-equity ratio to 0.76x.
Chief executive officer Cezar P. Consing highlighted that disciplined capital allocation, operational efficiency, and strategic divestments will continue to underpin sustainable shareholder value in 2026 and beyond. “Even as the operating environment remains uncertain, we are entering 2026 with greater clarity and focus,” said Consing, adding: “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.”
