Aboitiz Equity earmarks P88.5B capex for 2026

Conglomerate Aboitiz Equity Ventures (AEV) is allocating P88.5 billion in capital expenditures (capex) this year to finance expansion initiatives across its portfolio businesses.

In a new release on Tuesday, AEV said the bulk, or P62 billion, of its 2026 capex is earmarked for AboitizPower to expand its generation portfolio, while P8.8 billion is allocated to infrastructure investments across towers, water, and airports. 

The balance of this year’s capex, the conglomerate said, will support expansion in food and agribusiness, economic estates, banking infrastructure, and core operations.

AEV said AboitizPower is optimizing its generation mix and advancing its renewable energy pipeline, supported by investments in battery storage and baseload capacity. 

AboitizPower is also planning to acquire a 25% stake in Vietnam’s Van Phong Power Company Limited, subject to approvals, as part of the generation company’s geographic diversification initiative.

UnionBank, meanwhile, is continuing investments in digital infrastructure and automation to enhance efficiency and support long-term returns.

Aboitiz InfraCapital is likewise scaling its infrastructure platform with a focus on asset optimization and disciplined expansion. 

Its partnership with Global Infrastructure Partners (GIP) is expected to strengthen capital capacity and bring global expertise, according to AEV.

The Aboitiz InfraCapital’s priorities for 2026 include improving airport performance, expanding digital infrastructure, and enhancing water operations through efficiency and selective investments.

In the food and beverage sector, AEV said Aboitiz Foods will continue focusing on cost efficiency, innovation, and integration with Coca-Cola Beverages Philippines supporting growth through expanded capacity and sustained execution, including a new production facility in Tarlac set for completion in 2027, alongside continued sustainability initiatives.

Moreover, AEV said the integration of Aboitiz Land and Aboitiz Economic Estates into a unified real estate platform strengthens the Group’s ability to deliver more complete and sustainable communities, combining industrial, commercial, and residential developments.

“As Aboitiz Construction marks its 50th anniversary, it is also pursuing a full-fledged expansion of its capabilities in industrial maintenance and equipment rental services to strengthen its presence in the industry,” it said.

“These offerings complement its core construction portfolio, enabling the company to deliver end-to-end integrated solutions to stakeholders—engineered for excellence,” it added. —VAL, GMA News