Ayala Corp. Posts Record ₱45B Core Net Income in 2024

Manila, Philippines – Ayala Corporation achieved a record-breaking core net income of ₱45 billion in 2024, marking a 10% increase year-on-year, driven by strong performances in banking, real estate, telecommunications, and infrastructure.

Key Business Unit Performances:

✔ BPI: ₱62B net income (+20%)
✔ Ayala Land: ₱28.2B net income (+15%)
✔ Globe Telecom: ₱21.5B core net income (+14%), supported by GCash’s continued growth
✔ ACEN (Ayala’s renewable energy arm): ₱9.4B net income (+27%)
✔ AC Energy & Infrastructure (ACEIC): ₱10.7B core net income (+13%)

CEO Cezar Consing’s Outlook for 2025

“2024 was Ayala’s strongest year ever. 2025 should be an inflection point for our smaller and newer businesses as we build a more concentrated, collaborative, and connected Ayala.”