MacroAsia Corporation posted a 30 percent drop in first-half 2026 net income, hit by higher operating costs and softer earnings from associates. Consolidated net income came in at P546.5 million from January to June, down from P777.1 million a year earlier. Net income attributable to parent company shareholders also fell to P449.6 million from P679.7 million.
Revenue for the period rose 9 percent to P5.26 billion, driven by better results in food services, ground handling, aviation support and water operations. The company’s share of earnings from associates dropped 25 percent to P456.1 million. Lufthansa Technik Philippines remained its top associate, though MacroAsia’s share of its earnings slipped to P411.2 million due to higher lease expenses and costs from ending line-maintenance work.
Second-quarter consolidated net income jumped 93 percent to P359.9 million from the first quarter, led by improved associate contributions. Operating margins stayed under pressure from rising labor, airport and other costs. “We grew revenue across core businesses, but higher costs and lower associate earnings weighed on results,” said president and COO Eduardo Luis T. Luy. “Second-quarter gains reflect better associate results and higher activity levels.”
For the rest of 2026, MacroAsia will focus on lifting margins through price adjustments and cost recovery, plus efficiency, supply chain and expense control. It will also prioritize cash flow, collections and disciplined capital spending. “We will improve margins through cost recovery and efficiency, strengthen cash generation and invest prudently,” Luy said.
