Q1 2026 Aboitiz Equity Ventures Inc Earnings Call Transcript
Key Points
- Aboitiz Equity Ventures Inc (ABTZY) reported a 34% increase in net income after tax for the first quarter of 2026, reaching PHP1.3 billion.
- EBITDA grew by 20% year on year to PHP2.5 billion, with an improved EBITDA margin driven by strong performance in the Agribusiness, Trading, and Flour segments.
- Aboitiz Foods achieved a 19% increase in consolidated revenue, reflecting resilience in its core business amid a dynamic operating environment.
- Aboitiz InfraCapital recorded a 36% increase in revenue, with airports being the primary earnings engine, contributing 67% of beneficial EBITDA.
- Aboitiz Power contributed 59% of total beneficial EBITDA, driven by higher generation margins and increased contracted capacity.
- The Real Estate Group posted a 7% decline in revenues year on year, with a net loss of PHP48 million, largely due to timing of revenue recognition.
- The farm division experienced a 50% decline in EBITDA, reflecting ongoing pressure from weaker selling prices and competitive supply conditions.
- Economic Estates revenue declined 37% year on year, impacting the overall performance of the Real Estate Group.
- Rising interest rates pose a challenge, particularly for the Residential segment, affecting affordability and takeout conversion.
- The Middle East crisis has introduced incremental cost pressures, particularly on logistics and delivery expenses, impacting margins.
Good afternoon. Welcome to Aboitiz Equity Ventures earnings results briefing for the first quarter of 2026. My name is Jacqui De Jesus, and I will be the moderator for today's call.
Some reminders before we begin. First, we have put microphones on mute to minimize background noise during the presentations. Second, questions have been requested from the audience in advance, which we will go through during the Q&A portion. In case there are more questions from the floor, please feel free to click on the raise hand button or submit questions via the Q&A box. Those not taken up during the Q&A session will be answered via e-mail.
And lastly, this briefing will be recorded. By joining this session, you consent to your name, voice, image, and chat comments being recorded for use and dissemination.
For today's call, the CFO of Aboitiz Foods, Poh Beng Ng, will kick us off. He will be followed by Kenn Baston, the Head of Strategy and Investments for Aboitiz Real Estate Group. After him, Cosette Canilao, the
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