Ayala narrows profit dip in H1

Zobel-led Ayala Corp. reported a core net income, which ex-

- 

cludes one-off items, of P23.7 billion in the first half of 2025—a two-percent decline compared to the same period last year but an improvement from the four-percent drop in the first quarter of the year.

“This was a result of higher contributions from Bank of the Philippine Islands (BPI), Ayala Land Inc. (ALI), and the company’s portfolio businesses partly offsetting softer earnings from Globe Telecom Inc. and AC Energy & Infrastructure Corp. (ACEIC),” the country’s oldest conglomerate said.

Including one-off items, Ayala’s net income increased five percent to P23.4 billion as impairments incurred in the same period of last year were higher.