Ayala Corp nets P12B in Q1 2026, down 5%

Conglomerate Ayala Corporation saw its bottom line decline in the first quarter of 2026 due to the absence of one-time gains in the same period last year.

In a disclosure to the Philippine Stock Exchange on Wednesday, Ayala Corp. reported a net income of P12 billion, down 5% “primarily due to a high base last year,” which included a P1.7-billion dilution gain from MUFG’s investment in Mynt—the parent of GCash.

Ayala Corp. saw increases in its banking and telecommunications business, namely Bank of the Philippine Islands which booked a net income of P16.9 billion, up 2%; and Globe with a 9% bottom line growth to P4.9 billion.

Its energy business, under ACEN, declined 27% to P1.4 billion as higher generation from new international plants and the substantial restoration of Ilocos operations was offset by increased depreciation and net financing costs.

Ayala Land, likewise, ended the quarter with a 23% decline in net income to P5.4 billion as lower contributions of the property development business was partially offset by growth in leasing and hospitality revenues.

“Given global macro conditions, our near-term focus is on resiliency through stronger cash

generation, prudent cost management, and disciplined capital allocation. Our portfolio is positioned for long-term value creation,” said Ayala Corp. CEO Cezar Consing. —VAL, GMA News