Ayala Corporation posted a first-quarter 2025 net income of P12.6 billion, down 3.6 percent from P13.07 billion a year earlier.
The company said in a statement released on Tuesday its revenues reached P92.98 billion, up 6.54 percent from P87.27 billion.
Cezar Consing, Ayala’s chief executive officer (CEO) and president, said the group is “seeing strong starts from banking, real estate and fintech businesses.”
The company said however, the “healthy” contributions from its lending and real estate businesses were offset by lower core earnings from the telecommunications business, Globe Telecom Inc., and the power business under AC Energy & Infrastructure Corp. (ACEIC).
“Globe’s core net income, which excludes non-recurring charges, foreign exchange and mark-to-market charges, decreased 22 percent to P4.5 billion due to softer gross service revenues, higher financing costs, and higher depreciation expenses,” the company statement showed.
But Globe’s net income recorded a 2.65 percent increase to P6.98 billion from P6.8 billion. Revenues dropped 3.42 percent to P43.76 billion from P45.31 billion.
The conglomerate said its affiliate Bank of the Philippine Islands (BPI) earned a net income of P16.6 billion, up 9 percent. BPI loan growth and net interest margin (NIM) continued to expand, yielding a return on equity equivalent to 15.4 percent.
Its real estate subsidiary, Ayala Land Inc., posted a 10 percent increase in net income to P6.9 billion, driven by increased revenues from its property development, leasing, and hospitality segments.
