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 by food and beverage at 27 percent. Aboitiz Power Corp.’’s core net income jumped 61 percent, lifted by higher margins, increased contracted capacity and new solar plants coming online. Banking arm Union Bank of the Philippines posted a 167 percent surge in net income to […]... Keep on reading: AEV profit nearly doubles to P6.3B in Q1

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