Conglomerate Aboitiz Equity Ventures Inc. (AEV) reported a consolidated net income of P17.3 billion in the first nine months of the year, down 8 percent from the same period last year, the company said in a disclosure to the stock exchange.
The decline was attributed to weaker performance from its power generation and banking units.
AEV’s net income for the third quarter reached P8.9 billion, a 22-percent increase from the same period a year ago.
Aboitiz Group president and chief executive Sabin Aboitiz said AEV’s third-quarter results reflect the resilience of the group’s portfolio and the dedication of its teams across all businesses.
“We continue to invest in growth areas that create long-term value for our stakeholders,” said Aboitiz.
Power accounted for 60 percent of the group’s total net income in the first nine months of 2025, while food and beverage made up 25 percent.
Net income contributions from the financial services, real estate and infrastructure units were at 15 percent, 5 percent and -5 percent, respectively.
The group’s power generation unit, AboitizPower, contributed P12.5 billion of the total in the first nine months of the year. This was largely driven by higher generation margins, improved hydro inflows and new solar capacity from projects in Laoag, Armenia and Calatrava.
The food and beverage segment followed with P5.2 billion in income, up 25 percent year-on-year. The increase was supported by stronger performance in AboitizFoods’ flour, farms and trading businesses, along with full nine-month contributions from Coca-Cola Europacific Aboitiz Philippines.
UnionBank contributed P3.2 billion to AEV’s earnings, or 24 percent lower than P4.2 billion in 2024. Higher net interest margins and fee-based income were tempered by one-time write-offs and credit costs.
Aboitiz Land reported P879 million in income in the first nine months of the year, a 69-percent increase led by asset monetization gains.
Aboitiz InfraCapital returned to profitability with P137 million in income, due to growth in economic estates, airport operations, digital infrastructure and the ramp-up of Apo Agua.
AEV said that as of Sept. 30, 2025, its total assets stood at P971.1 billion, up 9 percent from the previous year.
“AEV remains well-positioned for growth as we advance our transformation into the Philippines’ first ‘techglomerate’,” said Abotiz.
