Aboitiz Equity Ventures, Inc. (AEV), the holding company of techglomerate Aboitiz Group, reported a flat growth in its financial performance in 2025.
In a disclosure to the Philippine Stock Exchange, AEV said the group’s consolidated core net income reached PHP25.5 billion for the full year of 2025, the same as 2024.
After accounting for PHP7.2 billion in non-recurring items, largely related to AboitizPower’s partial impairment of the GNPower Mariveles Energy Center, AEV’s reported net income reached PHP18.3 billion, up 1 percent from PHP18.1 billion in 2024.
Contributors
AboitizPower remained the largest contributor to AEV’s earnings, accounting for 46 percent of total net income contributions from the group’s strategic business units. Food and Beverage followed with 33 percent, while Banking and Financial Services contributed 22 percent, highlighting the balanced earnings profile of the group’s diversified portfolio.
AboitizPower delivered strong operating performance in 2025, generated PHP79.6 billion in EBITDA, a 9 percent increase from PHP73.3 billion in 2024. Growth was driven by the fresh contributions from Chromite Gas Holdings, Inc., the addition of new renewable energy facilities, including solar plants in Laoag, Armenia, and Calatrava.
For the full year, AboitizPower recorded PHP33.1 billion in core net income, while reported net income reached PHP19.5 billion after accounting for impairments and other non-recurring items. The power business contributed PHP10.4 billion in net income to AEV.
Union Bank of the Philippines (UnionBank) reported a net income of PHP10.0 billion in 2025 while total revenues increased 7 percent year-on-year to PHP83.2 billion, supported by higher net interest income and continued growth in its loan portfolio.
As of end-2025, UnionBank’s total assets reached PHP1.2 trillion, with loans amounting to PHP537.7 billion. The bank contributed PHP5.0 billion in net income to AEV during the year.
Food and Beverage segment continued to be a significant contributor to AEV’s earnings in 2025, posting a net income contribution of PHP7.6 billion, up 28 percent from PHP5.9 billion in 2024. The growth was driven by strong volumes and margins from AboitizFoods—particularly across its Flour, Farms, Livestock, and Trading businesses.
The segment’s performance was also supported by the full-year contribution of Coca-Cola Europacific Aboitiz Philippines Inc. (CCEAP) following its financial close on February 23, 2024.
Strong volumes and improved margins across AboitizFoods, combined with the expanding market presence of CCEAP, underscore the Group’s commitment to strengthening food security and nutrition across Asia while driving value creation for the broader Aboitiz portfolio.
Aboitiz Land, Inc. contributed PHP637 million in net income, reflecting project completion cycles and the timing of revenue recognition.
Aboitiz InfraCapital, Inc. recorded an income contribution of PHP680 million, a 6 percent increase from 2024, supported by lot sales at TARI Estate in Tarlac, increased passenger traffic at Mactan-Cebu International Airport, the addition of Laguindingan and Bohol-Panglao airports to its expanding airport portfolio, and the contribution of its Apo Agua Infrastructura in Davao.
Total assets
AEV’s total assets reached PHP1.0 trillion as of December 31, 2025, a 13 percent increase from PHP893.7 billion in 2024, reflecting continued expansion across its businesses.
The company maintained a strong liquidity position, with PHP90.3 billion in cash and cash equivalents, while equity attributable to shareholders rose to PHP289.5 billion.
AEV ended the year with a current ratio of 1.1x and a net debt-to-equity ratio of 1.0x, reflecting a stable capital structure as the group continues to actively manage its diversified portfolio.
As the active portfolio manager overseeing strategic investments across power, banking and financial services, food and beverage, infrastructure, and real estate, AEV said it continues to advance the Aboitiz Group’s vision of becoming the country’s first “techglomerate”—an organization that integrates data, innovation, and sustainability to drive long-term growth and value.
