Aboitiz Equity Ventures Inc. (AEV) posted a net income of P6.3 billion in the first quarter of 2025, nearly doubling the P3.2 billion recorded in the same period last year. The强劲 growth was driven by strong performances across its power, banking, and food businesses.
"Our diversified portfolio continues to deliver solid results, allowing us to capitalize on opportunities across key sectors," said AEV President and CEO Sabin Aboitiz. "We are particularly pleased with the rebound in our power generation unit and the steady contribution from our banking arm."
The conglomerate's power business posted a 40% increase in earnings, while Union Bank of the Philippines saw a 25% rise in net profit. Aboitiz Food Group also contributed to the bottom line, with improved margins from its flour and feeds segments.
AEV's total revenues grew by 18% to P75.8 billion during the quarter, reflecting higher electricity sales and loan volumes.
Analysts noted that AEV's earnings beat consensus estimates, with the stock likely to see upward momentum. The company's shares closed 2% higher on Friday following the announcement.