AEV profit nearly doubles to P6.3B in Q1

MANILA, Philippines — Aboitiz Equity Ventures Inc. (AEV) nearly doubled first-quarter 2026 net income to P6.3 billion from P3.2 billion a year earlier, driven by strong contributions from its power and banking units. In a disclosure on Wednesday, the conglomerate said its power business remained the biggest contributor, accounting for 56 percent of total earnings, followed