Corporate

MacroAsia Corp. reported its highest-ever quarterly revenue in the first quarter, even as rising costs and lease-related charges weighed on profitability across its aviation-linked businesses.

PHINMA Corporation reported that its net income attributable to shareholders more than doubled in the first quarter to P407.43 million from P191.27 million a year ago, driven by strong performance from its education, solar, and hospitality businesses.

Shell Pilipinas Corp. (SPC) will keep its 2026 capital spending budget at around P2 billion to P3 billion, with most of the funds allotted for upgrading import terminals and fuel infrastructure nationwide.

Jollibee Foods Corp., one of the largest restaurant networks in Southeast Asia, started the year with strong sales momentum across its global operations. However, rising commodity prices and supply chain costs continued to pressure profitability during the first quarter.

In Philippine real estate, 15 hectares is usually enough space for condominiums, commercial strips, and the occasional traffic headache. GT Capital Holdings, Inc., however, has decided the land is better used for classrooms, libraries, and future blue eagles.