Ayala Corp.’s core profit in the first nine months of 2025 barely moved at P36.6 billion, following the softer financial performances of its telecommunications and power businesses.
In a disclosure on Thursday, the country’s oldest conglomerate said its net income, which includes one-off items from the revaluation of AC Ventures, had jumped by 36 percent to P46.3 billion.
Bank of the Philippine Islands continued to be its top growth driver, with its profit edging up by 5 percent to P50.5 billion on the expansion of its loan portfolio.
Real estate under Ayala Land also saw its earnings inch up to P21.4 billion, thanks to steady property development revenues, coupled with improvements in its leasing and hospitality business.
Telco giant Globe Telecom, meanwhile, realized a 12-percent drop in its core net income, reaching P15.5 billion, due to weaker gross service revenues and higher depreciation and interest expenses.
ACEN, its listed energy arm, likewise recorded a decline in core profit, hitting P4.3 billion, down 18 percent from a year ago. This, as the firm took a hit from cheaper spot market prices and the temporary shutdown of its wind facilities in Ilocos Norte.