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Aboitiz Equity Ventures, Inc. (AEV), the portfolio manager of the Aboitiz Group, is confident that its investments in the clean energy and infrastructure businesses will power future growth even as first quarter earnings declined.
In a disclosure to the Philippine Stock Exchange, the firm said said it continued to build momentum in the first quarter of 2025, posting a consolidated net income of ₱3.2 billion, 35 percent lower than the ₱4.9 billion it earned in the same period last year.
“While this marks a temporary decline from the previous year, the Group’s strategic investments in renewable energy and infrastructure expansion underscore its long-term vision for growth, resilience, and nation-building,” AEV said.
AEV President and CEO Sabin M. Aboitiz said that, “Looking to 2025, we see even more opportunities to create value for our shareholders and contribute to national development.”
“While revenues slightly dipped due to lower power selling prices, this reflects favorable cost trends — particularly in fuel and supply. Our focus remains on the quality of earnings, not just topline growth,” he added.
AEV’s power business, AboitizPower, contributed 62 percent of the Group’s net income in the first quarter of 2025. The company advanced its clean energy strategy with the successful energization of new solar projects in Laoag (159 MWp), Armenia (45 MWp), and Calatrava (173 MWp).
These additions helped offset the impact of scheduled plant outages and market pricing challenges, reinforcing the Group’s commitment to a more diversified and sustainable energy portfolio.
“With more renewable capacity coming online, AEV is shaping a future where clean and reliable energy powers Philippine development,” Aboitiz noted.
AEV’s infrastructure arm, Aboitiz InfraCapital (AIC), continued its aggressive expansion across nearly all segments, including transformative developments in the airport sector.
Although the segment posted a short-term loss due to increased investments, AEV views this as a necessary step toward building a future-proof infrastructure platform.
AEV’s Food and Beverage segment delivered strong results with a 54 percent increase in net income to ₱1.4 billion due to improved margins in flour and agribusiness of Aboitiz Foods, and the full contribution from Coca-Cola Europacific Aboitiz Philippines (CCEAP).
UnionBank, AEV’s banking and financial services arm, posted an eight percent year-on-year revenue increase. This was supported by strong consumer lending growth and improved margins.
While non-recurring digital investments affected net income, these are expected to drive long-term, tech-enabled growth.
AEV closed the quarter with ₱926.9 billion in assets, up four percent from year-end 2024. It maintained a strong financial position with a current ratio of 1.0 times and sound leverage levels.
“As the Aboitiz Group’s portfolio manager, AEV is leading our bold transformation into the Philippines’ first techglomerate. Our mission goes beyond profit — we are committed to building a nation that thrives on innovation, sustainability, and inclusive progress,” Aboitiz said.
