AEV profit drops

Aboitiz Equity Ventures Inc. (AEV) reported a 27-percent drop in consolidated net income of P8.4 billion in the first half of 2025 from the P11.5 billion earned in the same period last year due to lower earnings from its power and banking units, coupled with losses of its property and infrastructure businesses.

- By JAMES A. LOYOLA

In a disclosure to the Philippine Stock Exchange (PSE), the firm reported a net income of ®5.2 billion for the second quarter of 2025, a 65-percent increase from the P3.2 billion recorded in the first quarter of 2025.

This quarter-on-quarter growth was largely driven by the improved performance in the power and food and beverage segments.

Power accounted for 64 percent of the total net income contributions from AEV’s strategic business units (SBU) for the first half of 2025, while food and beverage accounted for 33 percent.

Net income contributions from the financial services, real estate, and infrastructure SBUs were at 15 percent, negative one percent, and negative 11 percent, respectively.