MANILA, Philippines — Lucio Tan-led MacroAsia Corp. reported a 33 % fall in its first-half earnings to P449.6 million as rising prices and weaker contributions from associates offset increased income beneficial properties.
That determine represented the corporate’s web revenue attributable to fairness holders of the guardian agency and was down from P679.7 million within the first half of 2025.
READ: MacroAsia revenue jumps 28% to P1.44B in 2025
Notably, MacroAsia nonetheless posted the decline at the same time as consolidated revenues rose 9 % to P5.26 billion from P4.81 billion, pushed by progress in its meals companies, floor dealing with, aviation help, and water companies.
“MacroAsia continued to generate income progress throughout its key working companies in the course of the first half of 2026, however increased working prices and the impression of decrease affiliate earnings on first-half profitability,” MacroAsia president and COO Eduardo Luy mentioned.
MacroAsia Corp. noticed income progress, whereas direct prices rose sooner by 13 % to P4.22 billion, offsetting beneficial properties. In consequence, the corporate’s consolidated gross revenue decreased by 2 % to P1.05 billion.
Likewise, working bills rose by 13 % to P852 million on account of increased enterprise volumes and elevated spending on manpower, leases and different working necessities.
MacroAsia additionally noticed its share within the web earnings of associates fall by 25 % to P456.1 million from P611 million a yr earlier.
Lufthansa Technik Philippines Inc., its largest affiliate contributor, accounted for P411.2 million of its fairness share in earnings, down from P537.8 million within the first half of 2025. This was primarily on account of increased lease prices and bills tied to the discontinuation of Lufthansa’s line-maintenance operations.
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Amongst MacroAsia’s working segments, meals companies remained its largest income contributor, producing P2.63 billion, or about half of consolidated revenues. This was 12 % increased year-on-year.
Floor dealing with and aviation companies generated P2.25 billion, accounting for about 43 % of consolidated revenues and marking an 8-percent enhance from a yr earlier. Flight-handling quantity grew by about 2 % regardless of cancellations affecting some Center East routes.
In the meantime, water operations generated P369 million in revenues, with billed water quantity rising by about 15 % year-on-year.
Wanting forward, MacroAsia mentioned it will give attention to bettering margins via buyer fee changes, recovering increased airport-related prices and pursuing productiveness and supply-chain enhancements.
“For the steadiness of the yr, our priorities are to enhance margins via price restoration and working efficiencies, strengthen money conversion and keep disciplined execution of our progress investments,” Luy mentioned. /pai
