<\/p>\n
AYALA CORP.\u2019s first-quarter (Q1) attributable net income fell 5% to P11.95 billion from P12.60 billion a yr earlier as a consequence of the absence of one-off gains booked last yr, although core net income remained regular at P11.2 billion on stronger contributions from Bank of the Philippine Islands (BPI), Globe Telecom, Inc., and AC Energy & Infrastructure Corp. (ACEIC).<\/span><\/p>\n In a disclosure on Wednesday, the listed conglomerate said last yr\u2019s results included a P1.7-billion dilution gain from Mitsubishi UFJ Financial Group\u2019s investment in Globe Fintech Innovations, Inc. (Mynt).<\/p>\n Higher earnings from BPI and Globe, in addition to contributions from ACEIC, offset softer results from Ayala Land, Inc. (ALI).<\/p>\n Lower aggregate contributions from other business units were mainly as a consequence of Ayala\u2019s reduced stake in Mynt following Mitsubishi Corp.\u2019s entry into AM 50 Ventures, Inc. in 2025 and lower dividend income from Manila Water Co.<\/p>\n BPI posted a 2% increase in net income to P16.9 billion, supported by strong revenue growth that offset higher operating expenses and provisions. Return on equity declined to 14.3% from 15.4%.<\/p>\n The bank\u2019s revenues rose 14% to P50.9 billion, driven by double-digit growth in each net interest and non-interest income. Total loans expanded 14% to P2.6 trillion, while deposits increased 10% to P2.8 trillion.<\/p>\n Globe\u2019s core net income rose 9% to P4.9 billion on higher gross service revenues and improved equity earnings from affiliates.<\/span><\/p>\n Gross service revenues climbed 5% to P42 billion, driven by sustained demand for data-related services, while earnings before interest, taxes, depreciation, and amortization (EBITDA) increased 7% to P22.2 billion.<\/span><\/p>\n ACEN\u2019s core net income declined 27% to P1.4 billion as higher generation from recent international plants and the substantial restoration of Ilocos operations were offset by higher depreciation and net financing costs.<\/p>\n On a reported basis, nonetheless, ACEN\u2019s net income rose 50% to P2.9 billion. ACEIC, meanwhile, posted a 60% increase in net income to P2.6 billion driven by improved contributions from ACEN, higher net interest income, and foreign exchange gains.<\/p>\n ALI\u2019s net income fell 23% to P5.4 billion as lower contributions from its property development business partly offset growth in leasing and hospitality revenues.<\/p>\n Property development revenues declined 27% to P20.3 billion, while leasing and hospitality revenues increased 9% to P12.6 billion. Hotels and resorts revenues jumped 30% to P3.4 billion driven by stronger performance from renovated properties and contributions from the newly acquired Latest World Makati hotel.<\/span><\/p>\n \u201cGiven global macro conditions, our near-term focus is on resiliency through stronger money generation, prudent cost management, and disciplined capital allocation. Our portfolio is positioned for long-term value creation,\u201d Ayala President and Chief Executive Officer Cezar P. Consing said.<\/span><\/p>\n Amongst Ayala\u2019s emerging businesses, ACMobility narrowed its core net loss to P109 million from P168 million, supported by strong volume growth and the absence of losses from prior portfolio divestments.<\/span><\/p>\n Total vehicle sales rose 34% to 12,299 units from 9,206 units, primarily driven by BYD. ACMobility\u2019s charging network expanded to 505 installed charging points, of which 482 are electrified, across 195 locations.<\/p>\n AC Health widened its net loss to P143 million from P59 million as higher manpower-related costs outpaced 24% revenue growth. EBITDA declined 21% to P209 million from P265 million.<\/p>\n AC Logistics narrowed its net loss to P167 million from P322 million, supported by lower variable costs, disciplined spending, and a higher-quality revenue mix.<\/p>\n Ayala said its balance sheet remained resilient amid market volatility, with consolidated money rising to P71.9 billion and parent-level money increasing 15% to P15.9 billion.<\/p>\n Consolidated net debt increased 5% to P667.6 billion, while consolidated net debt-to-equity ratio rose to 0.81x from 0.79x at end-2025.<\/p>\n On Wednesday, Ayala Corp. shares rose by 0.17% to P464 per share. \u2014 Alexandria Grace C. Magno<\/b><\/p>\n<\/p><\/div>\n <\/p>\n","protected":false},"excerpt":{"rendered":" AYALA.COM AYALA CORP.\u2019s first-quarter (Q1) attributable net income fell 5% to P11.95 billion from P12.60 billion a yr earlier as a consequence of the absence of one-off gains booked last yr, although core net income remained regular at P11.2 billion on stronger contributions from Bank of the Philippine Islands (BPI), Globe Telecom, Inc., and AC […]<\/p>\n","protected":false},"author":1,"featured_media":334710,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[19287,8118,6821,8480],"class_list":["post-334709","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-ayala","tag-falls","tag-income","tag-net"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts\/334709","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/comments?post=334709"}],"version-history":[{"count":2,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts\/334709\/revisions"}],"predecessor-version":[{"id":334712,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts\/334709\/revisions\/334712"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/media\/334710"}],"wp:attachment":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/media?parent=334709"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/categories?post=334709"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/tags?post=334709"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}