Aboitiz InfraCapital raises capex to P8.8B for expansion

ABOITIZ InfraCapital, Inc. (AIC), the infrastructure arm of the Aboitiz group, is raising its capital expenditure (capex) to P8.8 billion this year from P4.1 billion in 2025 to fund expansion across its airports, water, and telecommunications tower businesses.

- By Ashley Erika O. Jose Reporter

"This will support growth and operational initiatives across our airports, water and Unity Digital Infrastructure, Inc.," Aboitiz InfraCapital President and Chief Executive Officer Cosette V. Canilao said during Aboitiz Equity Ventures, Inc.'s (AEV) annual stockholders meeting on Monday.

Aboitiz InfraCapital is the infrastructure arm of listed conglomerate Aboitiz Equity Ventures, Inc., which also has interests in power, banking, food, infrastructure and artificial intelligence.

In a media release, AEV said it is earmarking P8.8 billion for infrastructure, water, and airports investments this year.

"While there are external headwinds, we expect the airport platform to remain a key contributor to growth for AIC this year," Ms. Canilao said.