Aboitiz Equity nets P13.6B in H1 2026, up 63%

Conglomerate Aboitiz Equity Ventures, Inc. (AEV) saw its bottomline grow 63% in the first six months of 2026 to P13.6 billion.

In a statement issued Thursday, AEV said that in the second quarter alone, it booked P7.3-billion consolidated net income, up 40% year-on-year.

“Every investment we make today is intended to strengthen our businesses, satisfy our customers, and support our nation's continued growth,” said Aboitiz Group president and CEO Sabin Aboitiz.

"Transformation is not defined by a single breakthrough, but by consistently making better decisions, executing with discipline, and staying focused on long-term goals,” said Aboitiz.

AEV said it power unit AboitizPower continued expanding its portfolio of cleaner and more reliable energy sources.

During the first half, it strengthened its generation capacity through the integration of the 797-megawatt Caliraya-Botocan-Kalayaan (CBK) Hydroelectric Power Plant Complex, one of the country's most important pumped-storage hydroelectric facilities that helps balance the power grid and support the integration of renewable energy.

AEV said its power unit also delivered new solar facilities, including the 221-megawatt-peak Olongapo Solar Power Plant, the 47-megawatt-peak Armenia Solar Power Plant, and the 93-megawatt-peak San Manuel Solar Power Plant.

These projects added more renewable energy to the country's power mix while helping meet increasing electricity demand.

These new assets, together with higher contracted capacity and the full first-half contribution from Chromite Gas Holdings Inc., strengthened AboitizPower's operations throughout the first half of the year, according to AEV.

For AEV, AboitizPower contributed P10.0 billion in net income during the first six months of 2026.

UnionBank, meanwhile, grew its customer base to 19.3 million, supported by continued investments in digital banking platforms, automated customer services, card products, wealth management, bancassurance, and consumer lending.

UnionBank posted P6.9 billion in net income during the first half of 2026 and contributed P3.4 billion to AEV.

Food and Beverage remained AEV's second-largest earnings contributor, accounting for 24% of total net income contributions from strategic business units.

Through Aboitiz Foods and Coca-Cola Europacific Aboitiz Philippines (CCEAP), the group said it continued strengthening food production and distribution across the region.

Growth was supported by stronger demand for flour, regional livestock feeds, trading operations, pet food, specialty nutrition products, and aqua feed.

CCEAP likewise maintained its market leadership while increasing sales volumes and continuing to make Coca-Cola products more accessible to Filipino consumers.

Together, Aboitiz Foods CCEAP contributed P4.0 billion in net income during the first half of 2026.

Aboitiz InfraCapital continued expanding infrastructure that supports tourism, trade, and national connectivity.

Its airport portfolio—which includes Mactan-Cebu International Airport, Laguindingan International Airport, and Bohol-Panglao International Airport—served growing passenger demand during the first half of the year.

While passenger traffic at Mactan-Cebu softened during the second quarter compared with the strong first quarter, the addition of Laguindingan and Bohol-Panglao airports provided full first-half operational contributions.

The company also continued expanding Unity Digital Infrastructure's telecommunications tower portfolio and co-location services, helping strengthen mobile connectivity across the country.

In water infrastructure, operations continued despite lower water volumes brought about by the effects of El Niño, underscoring the importance of building resilient water systems that can adapt to changing climate conditions.

AEV said it continued to strengthen its real estate portfolio by developing integrated residential communities and industrial estates that attract investments, generate employment, and drive regional economic growth. — RSJ, GMA News