Ayala Corp. said Thursday first-half net income fell 2 percent to P22.86 billion from P23.35 billion, hit by weaker property results and 2025 one-off gains including partial Mynt stake sale tied to Mitsubishi’s AM 50 Ventures entry. Excluding one-offs, core income dropped 7 percent to P22.1 billion.
Revenues rose 4 percent to P192.07 billion; Q2 earnings were nearly flat at P10.91 billion versus P10.72 billion. Higher earnings from Globe and AC Energy offset lower contributions from Ayala Land and BPI.
Globe core net income fell 2 percent to P10.2 billion on higher interest costs. AC Energy parent ACEIC nearly doubled net income to P4.9 billion; ACEN core net income rose 21 percent to P4.2 billion on higher output. Share of associate profits slipped 2 percent to P22.8 billion on lower Mynt and Globe earnings.
AC Mobility posted a P57-million core loss from a year-ago P34-million profit on higher costs and softer Kia/Isuzu sales; unit sales still rose 25 percent to 25,048 led by BYD, lifting market share to 10.9 percent — 3rd largest — and holding 56.9 percent EV share with 542 charging points nationwide.
Group 2026 capital spending is set at P220–230 billion; parent capex hit P3 billion by end-June for ACX, AC Mobility and Ayala Land share acquisitions.
