Aboitiz Equity holds profits, pushes ‘techglomerate’ vision

Aboitiz Equity Ventures Inc., the investment holding company of the diversified Aboitiz Group, kept its earnings steady in 2025 while accelerating its push to transform into a “techglomerate,” underscoring the conglomerate’s strategy of layering digital capabilities across its core businesses.

The parent firm of the Aboitiz Group posted a consolidated core net income of P25.5 billion last year, unchanged from 2024, reflecting stable contributions from its power, banking, and food units.

Reported net income rose slightly to P18.3 billion from P18.1 billion previously after accounting for P7.2 billion in non-recurring items, primarily linked to a partial impairment recognized by AboitizPower related to the GNPower Mariveles Energy Center.

Despite the adjustment, the group’s operating segments delivered solid performance, supporting earnings resilience in a year marked by heavy investment and portfolio expansion.

Power remained the biggest earnings driver. AboitizPower contributed 46 percent of the group’s net income from strategic business units and posted P79.6 billion in EBITDA, up 9 percent from P73.3 billion a year earlier. 

Growth was boosted by fresh contributions from Chromite Gas Holdings Inc. and new renewable facilities, including solar plants in Laoag, Armenia, and Calatrava.

Food and beverage businesses accounted for 33 percent of earnings, while banking and financial services contributed 22 percent. 

Union Bank of the Philippines reported P10 billion in net income as revenues climbed 7 percent to P83.2 billion, reflecting sustained lending and digital banking activity.

Infrastructure arm Aboitiz InfraCapital added P680 million to group earnings, supported by higher passenger volumes at Mactan-Cebu International Airport and the expansion of its airport portfolio with Laguindingan and Bohol-Panglao.

Total assets reached P1 trillion at end-2025, up 13 percent year on year.

The results highlight how AEV is balancing stable cash-generating businesses with long-term investments in technology, data, and sustainability—pillars of its ambition to become the Philippines’ first fully integrated techglomerate.

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