AEV Q2 profit climbs 40% as power leads growth

Aboitiz Equity Ventures, Inc. (AEV) reported a 40% increase in second-quarter consolidated net income to P7.3 billion, according to a report by BusinessWorld. The conglomerate’s earnings were primarily driven by robust performance from its power generation business.

The power unit led the growth, complemented by improved contributions from AEV’s banking and food segments. These gains helped offset ongoing weakness in the company's real estate and infrastructure divisions, which continued to drag on overall performance.

While the company did not provide a formal outlook, the strong quarterly result underscores the resilience of its diversified portfolio amid mixed sector conditions. AEV’s stock is listed on the Philippine Stock Exchange under the ticker AEV.