LOPEZ Holdings Corporation reported P5.518 billion in net income attributable to equity holders of the parent for the first six months of 2026. This is 3% higher than the P5.340 billion restated net income attributable to equity holders of the parent reported in the first half of 2025.
Unaudited consolidated revenues increased by 52% to P59.578 billion from P39.178 billion, as restated, in 1H2025. All revenue items were generated by units under First Philippine Holdings Corporation (FPH), as follows: sale of electricity (+73%), real estate (+37%), contracts and services (+11%) and sale of merchandise (-9%).
Unaudited consolidated costs and expenses increased by 51% to P43.559 billion from P28.881 billion. Cost of sale of electricity (+94%), cost of real estate (+24%), cost of contracts and services (+3%), merchandise sold (+13%), and general and administrative expenses (+23%) primarily reflect the operations of FPH and units.
Other income and expenses also reflect FPH accounts or those of its subsidiaries and affiliates, as follows: finance costs (+24%); finance income (+112%); foreign exchange gain of P214 million compared to a loss of P121 million; dividend income (+16%), net other income (+5%); and including share in earnings from investment accounted at equity method of P4.152 billion (15.3x), which reflects the remaining 40% of FPH in the gas business.
FPH posted a 3% increase in net income attributable to equity holders of the parent to P9.218 billion from P8.954 billion, as restated, in 1H2026. Revenues grew by 52% to P59.578 billion from P39.178 billion, as restated. Sale of electricity accounted for 69% and 61% of revenues in 1H2026 and 1H2025, respectively. Recurring net income attributable to equity holders of the parent increased by 8% to P9.3 billion from P8.6 billion.
ABS-CBN reported a net loss of P1.830 billion, which is 115% greater than the net loss of P852 million in 1H2025. It reported unaudited revenues of P6.880 billion, 17% lower than P8.275 billion in the same period last year.
