Aboitiz Equity Ventures Inc. (AEV) reported that its net income almost doubled in the first quarter of 2026, reaching P6.3 billion from P3.2 billion a year earlier. The figure includes P43 million in non-recurring gains.
The power business remained the biggest contributor, accounting for 56 percent of total net income, led by Aboitiz Power Corp., which contributed P4.4 billion.
The food and beverage segment made up 27 percent of earnings, with net income contribution rising 43 percent to P2.1 billion, driven by strong sales in agribusiness, flour, and beverages, including Coca-Cola Europacific Aboitiz Philippines Inc..
The financial services segment contributed 25 percent, as UnionBank of the Philippines posted P3.8 billion in net income, up 167 percent year-on-year.
The real estate segment posted a P48 million net loss, wider than last year’s P36 million loss, due to weaker contributions from economic estates despite improved residential sales.
The infrastructure segment also remained in the red, with losses reaching P563 million, partly due to higher losses from Republic Cement and Building Materials Inc.. However, Aboitiz InfraCapital Inc. recorded a turnaround, contributing P30 million, supported by higher airport traffic and growing digital and water operations.
Overall, AEV’s strong performance in power, banking, and food businesses drove its earnings growth in the first quarter.
