Aboitiz Techglomerate: Paving the way for the future with a bold vision

Aboitiz Equity Ventures (AEV), the holding company of the Aboitiz Group, reported continued momentum in 2024 and outlined a bold, future-ready roadmap during its annual shareholders' meeting held Monday, April 28.

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In his address, Aboitiz Group President and CEO Sabin M. Aboitiz affirmed the Group's commitment to long-term value creation, highlighting operational achievements, and disciplined capital deployment across its key business units.

"We are building a future that is bold, inclusive, and transformative," Aboitiz said. "And as the Philippine economy shows resilience and renewed strength, AEV is well-positioned to drive meaningful progress for our stakeholders and our nation."

AEV delivered robust financial results in 2024 despite headwinds in select sectors. Core net income increased by 15 percent to P25.5 billion. Consolidated EBITDA rose by three percent to P83.6 billion, driven by strong performances in power, banking, food, and infrastructure. The Group posted a net income of P18.1 billion even with a P7.5-billion impairment in its cement business.