AC Mobility and AC Health, two emerging business units of conglomerate Ayala Corp., posted significant growth in the first half of 2025, contributing to the group’s profitability,
AC Mobility recorded a sharp rise in net income, jumping to P122 million from P24 million in the same period last year. The growth was driven by higher dividends from Isuzu, equity earnings from Honda and continued strong performance from BYD.
Total vehicle sales more than doubled to 20,020 units, led by strong demand for new models such as the BYD Sealion 6-DMi, BYD Seal 5-DMi and Kia Sonet.
As a result, AC Mobility’s market share rose to 8 percent from 3.9 percent last year. Its share in the new energy vehicles (NEV) market also grew to 80.3 percent from 62.9 percent.
The unit also expanded its electric vehicle charging network, with 239 out of 257 electrified charging points now active across 103 locations nationwide.
AC Health narrowed its core net loss to P100 million in the first half from P327 million a year ago.
The improvement was led by stronger results in its provider group, which saw a 56-percent increase in revenue from higher average patient spend, increased doctor engagement, and better bed utilization.
Contributions from FEU-NRMF and the Cancer Hospital also helped boost revenues.
Other Ayala portfolio investments, Intergrated Micro-Electronics Inc. (IMI) and AC Logistics also showed better financial results.
IMI posted a net income of $7.6 million, a turnaround from the $8.8 million net loss in the same period last year, as greater operational efficiencies supported profitability.
AC Logistics also cut its net loss to P631 million from P773 million, led by the closure of its last mile business and ongoing rationalization efforts.
Meanwhile, the first-half net income of Ayala Corp. dipped 2 percent year-on-year to P23.7 billion.
Higher contributions from BPI, Ayala Land and the company’s portfolio businesses, including AC Mobility and AC Health, partly offset softer earnings from Globe and AC Energy & Infrastructure Corporation (ACEIC).
“While our telco and energy businesses have some catching up to do, our full-year targets remain achievable. We are also encouraged to see our portfolio businesses showing better numbers,” Ayala president and chief executive Cezar Consing said.
