Aboitiz Equity Ventures Posts 63% Profit Surge on Power and Banking Strength

Power and Digital Banking Drive Growth

Aboitiz Equity Ventures recorded consolidated net income of P13.6 billion in the first half of 2026, a 63 percent increase from P8.4 billion in the same period last year. The Manila-listed conglomerate's core net income, which excludes non-recurring items, reached P13.7 billion, up 61 percent year-on-year.

The Aboitiz Group holding company attributed the gains to robust performance across its power generation and financial services divisions, which offset weaker results in real estate and infrastructure. Second-quarter consolidated net income alone climbed 40 percent to P7.3 billion.

Aboitiz Power delivered the largest contribution, reporting net income of P18.4 billion for the six-month period, a 45 percent jump from P12.7 billion a year earlier. According to the company, new generating assets and higher contracted capacity underpinned the results. The full first-half contribution from Chromite Gas Holdings further strengthened operations as the unit expanded its portfolio of cleaner energy sources.

Union Bank Customer Base Reaches 19.3 Million

Union Bank of the Philippines reported net income of P6.9 billion, more than doubling the prior year's figure with a 113 percent increase. The bank now serves 19.3 million customers, a milestone supported by sustained investment in digital banking platforms, automated customer service channels, card products, wealth management, bancassurance, and consumer lending.

The food and beverage segment contributed P4 billion in net income, up from P3.6 billion in the first half of 2025. Stronger demand for flour, regional livestock feeds, pet food, specialty nutrition products, and aqua feed drove the improvement, alongside gains in trading operations.

Real Estate and Infrastructure Drag on Results

Aboitiz Equity Ventures' consolidated real estate business, which includes both residential and economic estates, recorded a net loss of P37 million in the first half, compared with a net loss of P4 million in the same period last year. The company said the economic estates segment was the primary source of losses, which outweighed gains in the residential division.

The infrastructure segment posted losses of P1 billion attributable to the holding company during the period. Neither segment provided details on the specific projects or markets responsible for the shortfalls.

Long-Term Strategy Anchors Performance

Sabin Aboitiz, president and chief executive of the Aboitiz Group, framed the results as the outcome of disciplined execution rather than isolated breakthroughs. He emphasized that transformation emerges from consistent decision-making and focus on long-term objectives.

Beyond financial metrics, the conglomerate highlighted projects rolled out in the first half aimed at powering homes and industries, improving mobility, strengthening food security, accelerating digital transformation, and creating opportunities for communities across the Philippines. Aboitiz said every investment is designed to strengthen business operations, satisfy customers, and support the country's economic trajectory.

The results underscore the divergence within the Aboitiz portfolio, with legacy energy and banking units posting strong gains while newer infrastructure and real estate ventures face headwinds. As the group continues to allocate capital toward cleaner energy and digital finance, the performance gap between core and emerging businesses will likely remain a focal point for investors tracking the conglomerate's evolution in Southeast Asia's fastest-growing markets.