Ayala Corporation, one of the Philippines’ oldest and largest conglomerates, recently announced impressive financial results for the full year 2025, according to a disclosure filed with the Philippine Stock Exchange on March 13, 2026.

What Does “Core Profit” Mean?

Think of “core profit” like your regular allowance from doing chores. It’s the money a company makes from its normal, everyday business activities. Ayala’s core net income grew 7% to reach ₱48.3 billion in 2025 – that’s an all-time record! This growth happened because their main businesses, especially their bank (BPI) and real estate company (Ayala Land), earned more money.

When you include special one-time events (like selling a big property), Ayala’s total net income jumped even more – 46% higher to ₱61.4 billion. This big increase came mainly from gains related to Mynt (the company behind GCash) and Ayala Land’s sale of a shopping center in Alabang.

How Did Each Business Perform?

Banking (BPI)

BPI is Ayala’s banking arm – think of it as their piggy bank business. BPI’s profit grew 7% to ₱66.6 billion. Here’s what happened in simpler terms:

• More people borrowed money from BPI (loans increased 15%)
• The bank earned more from interest – the fee you pay when you borrow money
• More customers used BPI’s services, which brought in more fees
• BPI’s “Return on Equity” was 14.5%, which measures how well the bank uses investors’ money to make profit

Real Estate (Ayala Land or ALI)

Ayala Land builds houses, condominiums, shopping malls, and offices. Their core profit increased 8% to ₱30.6 billion. When including the one-time gain from selling their stake in Alabang Commercial Center, reported profit reached ₱34.3 billion, up 34%.

Key highlights:

• Shopping malls earned more money (up 7%) because more people shopped and stores had higher sales
• Hotels and resorts revenues grew 9%, helped by acquiring New World Hotel Makati
• Office buildings maintained good occupancy rates
• Property sales remained steady at ₱134.4 billion

ALI also operates AREIT, a Real Estate Investment Trust that lets regular investors own a piece of their properties. AREIT’s income jumped 28% to ₱9.4 billion.

Telecommunications (Globe)

Globe provides mobile phone and internet services. Their core net income (excluding special items) dropped 3% to ₱20.9 billion. While Globe earned record revenues, they also spent more on maintaining their network and paying interest on loans.

The good news:

• Gross service revenues hit an all-time high of ₱165.1 billion
• Mobile data revenues grew to ₱113.4 billion as people used more internet on their phones
• Mynt (GCash’s parent company) contributed strongly, with earnings up 64% to ₱6.1 billion
• EBITDA margin improved to 53.1%, showing better operational efficiency

Power and Energy (ACEN)

ACEN generates electricity, mainly from renewable sources like wind and solar. Their core net income increased 5% to ₱3.2 billion.

However, when including one-time charges (mainly a ₱4.7 billion write-down of wind projects in Vietnam), reported net income fell 30% to ₱2.5 billion.

Positive developments:

• Renewable energy output grew 24% to 7,009 gigawatt-hours
• EBITDA from operating projects expanded 37% to ₱22.5 billion
• International renewable plants increased output by 34%

Company Financial Health

According to the disclosure, Ayala Corporation’s balance sheet remained healthy despite market challenges. The parent company reduced its net debt by 18% from ₱167.1 billion to ₱136.3 billion. The net debt-to-equity ratio improved from 1.06x to 0.76x – this means the company has less borrowed money compared to what shareholders own, which is generally good.

What the CEO Said

Ayala CEO Cezar P. Consing stated: “Our strong performance in 2025 reflects the resilience of our core businesses and the steady progress of our emerging businesses. Even as the operating environment remains uncertain, we are entering 2026 with greater clarity and focus.”

About Ayala Corporation

Ayala Corporation (PSE: AC) is one of the Philippines’ oldest business groups, with interests in banking, real estate, telecommunications, power generation, water infrastructure, electronics manufacturing, and automotive dealerships. The company trades on the Philippine Stock Exchange under the ticker symbol AC.

Source: Ayala Corporation disclosure filed with the Philippine Stock Exchange on March 13, 2026

This article is based on the company’s official press release and disclosures filed with the Philippine Stock Exchange’s Electronic Disclosure Generation Technology (PSE EDGE) system. For the complete and official version of the announcement, readers may visit the PSE EDGE website and search for the company’s filing directly.