MacroAsia Corporation has announced its unaudited financial and operating results for the first half of 2026, delivering consolidated revenues of ₱5.26 billion.
This marks a 9% increase from the ₱4.81 billion recorded in the corresponding period of 2025, underpinned by sustained growth across food services, ground handling, aviation support, and water operations.
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Consolidated Revenue: ₱5.26 billion, up 9% year-on-year from ₱4.81 billion.
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Consolidated Gross Profit: ₱1.05 billion (down 2% due to direct costs rising 13% to ₱4.22 billion amid inflationary pressures and higher airport-related expenses).
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Consolidated Net Income: ₱546.5 million, compared to ₱777.1 million in 1H 2025.
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Parent-Attributable Net Income: ₱449.6 million, compared to ₱679.7 million in the prior-year period.
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Basic Earnings Per Share (EPS): ₱0.24, down from ₱0.36 in 1H 2025.
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Second-Quarter Recovery: Consolidated net income surged by approximately 93% to ₱359.9 million in Q2 2026 compared to ₱186.6 million in Q1 2026, driven primarily by a rebound in equity earnings from associates like Lufthansa Technik Philippines, Inc. (LTP).
Profitability for the first half was impacted by higher direct and operating expenses linked to expanded business volumes, increased manpower, lease requirements, and lower equity earnings from associates (totaling ₱456.1 million compared to ₱611.0 million in 1H 2025). LTP remained the largest associate contributor, generating an equity share of ₱411.2 million.
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Food Services: Remained the primary revenue engine, generating ₱2.63 billion (approx. 50% of total consolidated revenues), a 12% year-on-year growth propelled by higher meal volumes and the ongoing expansion of institutional and non-airline food services.
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Ground Handling and Aviation Services: Contributed ₱2.25 billion (approx. 43% of consolidated revenues), an 8% increase year-on-year, with flight-handling volumes climbing 2% despite minor route cancellations in the Middle East.
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Water Operations: Generated ₱369.0 million, supported by a significant 15% year-on-year increase in billed water volume through ongoing infrastructure expansion.
MacroAsia maintained a resilient financial standing as of June 30, 2026:
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Total Assets: Grew 10% to ₱18.15 billion (from ₱16.57 billion at year-end 2025) following sustained investments in working capital, equipment, and expansion projects.
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Total Equity: Rose 7% to ₱9.74 billion.
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Liquidity & Debt: Cash and cash equivalents stood at ₱2.35 billion with a healthy current ratio of 1.44x. Debt-to-equity adjusted to 41.06% to finance strategic capital expenditures, while interest coverage remained robust at 11.13x.
MacroAsia Corporation President and COO, Eduardo Luis T. Luy, stated: Moving into the second half of 2026, MacroAsia’s management will concentrate on boosting operating margins via customer rate adjustments, recovery of airport-related expenses, productivity initiatives, and tighter containment of operating overheads. The Group remains dedicated to executing its broader diversification strategy across aviation support, food services, MRO, and water infrastructure while balancing disciplined capital allocation and strong cash generation.
