Ayala aims to profit from smaller units within two years

Zobel-led Ayala Corporation aims to build on its record-breaking 2024 performance by making smaller and newer businesses profitable within two years.

At the annual stockholders meeting, Chairman Jaime Augusto Zobel de Ayala highlighted the importance of building a cohesive group that creates greater shared value following the company's record core earnings of P45 billion in 2024.

Zobel expressed optimism about strengthening both major and smaller businesses and capitalizing on the Group's ecosystem to deliver long-term value, noting rationalization initiatives for emerging business units such as ACMobility and AC Health.

Ayala Corporation's major business units include Bank of the Philippine Islands, Ayala Land Inc., Globe Telecom, and ACEN Corporation, while its smaller units consist of Integrated Microelectronics Inc., AC Mobility, AC Logistics, and AC Health.

ACMobility is expected to grow significantly as demand for electric vehicles rises, with plans to distribute several car brands including BYD, while AC Health aims to become a $2 billion company by 2035 with an expansion plan that includes opening new hospitals, clinics, and pharmacies.

Ayala is also considering expanding its entry into the retail sector through partnerships like the joint venture with Australian home and lifestyle brand Anko, which they expect will complement their existing portfolio such as Ayala Malls and GCash.