Conglomerate Ayala Corp. on Thursday said its income for the nine months of the year jumped 36 percent to P46.26 billion from the previous year’s P33.94 billion, on the back of the good performance of its banking and property development units.
The said figure, however, included one-off items such as its gains from the revaluation of AC Ventures, which holds Ayala’s direct stake in Mynt, the operator of GCash.
A re-measurement gain was booked because of Mitsubishi’s subscription to a 50-percent stake in AC Ventures, effectively acquiring an indirect ownership in Mynt, or Globe Fintech Innovations Inc.
Mynt is a partnership between Globe Telecom Inc., Ayala and Ant Group Co. Ltd.
Core net income, which excludes the said one-off items, was flat at P36.6 billion.
Revenues for the nine-month period rose 2 percent to P274.7 billion from the previous year’s P268.45 billion.
Core net income for the third quarter alone, meanwhile, sequentially improved 4 percent to P12.8 billion, the company said.
Globe’s core net income for the period, which excludes non-recurring items such as accounting gains from the Mynt transaction, towers sale and leaseback, and foreign exchange and mark-to-market adjustments, fell 12 percent to P15.5 billion due to lower gross service revenues and higher depreciation and interest expenses.
ACEN Corp.’s core net income declined by 18 percent to P4.3 billion due to lower revenues as a result of damage to wind farms in Ilocos Norte, softer local spot market prices, reduced solar irradiance in the Philippines and Australia, and the onset of depreciation expenses from plants operationalized in 2024.
Ayala Healthcare Holdings Inc. narrowed its net loss year-on-year to P9 million from the previous year’s P417 million on the back of a strong performance from its provider business, a P103-million gain on the sale of KMD shares and the absence of KMD losses.
Revenues from the provider network’s hospitals and multi-specialty clinics grew 69 percent, underpinned by a higher patient census, increased average spend per patient and the expansion of corporate clinic accounts. This growth was further supported by contributions from FEU-NRMF and the Cancer Hospital.
Revenues from the pharma group declined 4 percent, due to supply chain disruptions and reduced commercial demand for select molecules within the importation and distribution business.
ACMobility achieved a turnaround as it generated a net income of P18 million from last year’s P176-million net loss, due to volume growth, which drove narrower losses in the distribution and dealership businesses.
Total unit sales more than doubled to 31,669 from 14,982, anchored by strong take-up for the BYD Sealion 6-DMi, BYD Sealion 5-DMi and Kia Sonet.
This boosted ACMobility’s total market share to 8.7 percent, double the market share of
4.3 percent in the same period last year.
Meanwhile, its share in the new energy vehicles segment rose 6.5 percentage points to 81.5 percent, up from 75 percent.
ACMobility has installed a total of 336 charging points nationwide, of which 292 are electrified across 120 locations.