Aboitiz Equity Ventures (AEV), the parent company of AboitizPower and UnionBank, reported a 71 percent increase in profit from the previous quarter, recording a consolidated net income of P8.9 billion for the third quarter of 2025.

The conglomerate said the sharp rise was “driven by stronger performance across most of its business units, underscoring the group’s resilience and continued progress toward becoming the Philippines’ first techglomerate — a future-ready conglomerate powered by innovation, sustainability, and collaboration.”

From January to September 2025, AEV reported a net income of P17.3 billion, about 8 percent lower than the P18.8 billion recorded in the same period last year.

Strong Q3 performance

The strong third-quarter performance helped offset a softer first half, highlighting the company’s ability to adapt to shifting market conditions while maintaining its focus on long-term growth.

AboitizPower contributed the largest share to AEV’s net income, accounting for roughly 72.25 percent of total earnings in the first nine months of 2025. The power subsidiary posted P12.5 billion in income, driven by higher generation margins, improved hydro inflows, and new solar projects in Laoag, Armenia and Calatrava.

AEV’s food and beverage investments followed with P5.2 billion in income, up 25 percent year-on-year, reflecting stronger results from AboitizFoods’ flour, farms, and trading businesses, as well as a full nine-month contribution from Coca-Cola Europacific Aboitiz Philippines.

UnionBank contributed P3.2 billion to AEV’s earnings, lower year-on-year, as improved net interest margins and higher fee-based income were offset by one-time write-offs and other credit costs.

Aboitiz Land reported P879 million in income, a 69 percent increase, supported by asset monetization gains.

Meanwhile, Aboitiz InfraCapital returned to profitability with P137 million in income, driven by growth in economic estates, airport operations, digital infrastructure, and the ramp-up of Apo Agua.