Ayala Corporation announced that its core net income reached an all-time high of ₱48.3 billion in 2025, a 7 percent increase year-on-year.
This record performance was underpinned by robust earnings from Bank of the Philippine Islands (BPI) and Ayala Land (ALI), alongside a collective turnaround in non-core business units.
The Group’s reported net income, which includes one-off items, jumped 46 percent to ₱61.4 billion. This significant growth was primarily driven by revaluation gains related to Mynt (the parent company of GCash) and ALI’s strategic divestment from the Alabang Commercial Center.
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BPI: Net income grew 7 percent to ₱66.6 billion, achieving record revenues. This growth was sustained despite an increase in operating expenses and provisions, yielding a full-year Return on Equity (ROE) of 14.5 percent.
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Ayala Land (ALI): Core net income rose 8 percent to ₱30.6 billion, bolstered by an expanding leasing and hospitality portfolio. Reported net income surged 39 percent to ₱39.1 billion, inclusive of the gain from the sale of its 50 percent stake in Alabang Commercial Corporation.
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Globe: Core net income saw a slight 3 percent dip to ₱20.9 billion. While the company achieved record service revenues and lower operating expenses, performance was impacted by higher depreciation and interest costs.
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ACEN & ACEIC: ACEN’s core net income increased 4 percent to ₱6.3 billion due to higher renewables output. However, its parent company, ACEIC, reported a net income of ₱6.6 billion (down 47%), affected by softer earnings from thermal investments and one-off impairments in Vietnam wind projects.
The 2025 results reflect the resilience of Ayala’s core portfolio and the successful execution of its portfolio rebalancing strategy. While certain segments faced headwinds—such as interest expenses at Globe and market volatility in the energy sector—the strength of the banking and real estate sectors, combined with significant gains from digital investments like Mynt, propelled the Group to new heights.
“Our record core earnings demonstrate the fundamental strength of our primary engines, BPI and Ayala Land,” said an Ayala spokesperson. “The surge in our reported income further validates our strategic investments in the digital economy and our ability to unlock value through disciplined asset monetization.”
