_2020_05_18_16_10_13.jpeg)
1 week Ago
The Philippines’ oldest large-scale enterprise Ayala Corporation is expecting 2025 to be a breakeven year for its smaller ventures. At the conglomerate’s annual stockholders meeting on Friday, Ayala Corp. President and CEO Cezar Consing said that “2025 could be an inflection year for our smaller businesses.
” “Each of them undertook major rationalization initiatives last year, and we should begin to see the payoffs of such moves this year,” Consing said. Ayala Group’s emerging businesses include AC Health, AC Logistics, and AC Mobility. Ayala’s major interests are in real estate (Ayala Land), banking (Banking of the Philippine Islands), telecommunications and technology (Globe Group), and energy (ACEN).
Consing said the conglomerate will strengthen both its major and smaller businesses and capitalize on its ecosystem to deliver long-term value. With this, Ayala Group earmarked P230-billion in capital expenditures to support its businesses which have the potential to meaningfully scale. Consing also noted the importance of Ayala’s rationalization initiatives as consistent with the group’s greater focus on business activities that generate the most value.
For example, AC Health will further grow its provider business by expanding its hospital and multi-specialty clinic footprint. ACMobility, meanwhile, will continue to invest in growing its new electric vehicle business, add company-owned dealerships, and expand its charging infrastructure. AC Logistics will work with global leader A.
P. Møller Capital to grow its local business. Group chairman Jaime Augusto Zobel de Ayala, for his part, highlighted the importance of continuing to build a more cohesive Ayala Group that creates greater shared value following its record core earnings of P45 billion in 2024.
“Our priority is to build an Ayala that is much more focused, highly collaborative, and meaningfully relevant to our stakeholders and communities,” Zobel de Ayala said. — BAP, GMA Integrated News.
