Philippines' Ayala leans on property, banking units for record profit

CEO sees 2025 as 'inflection point' for such new businesses as EVs

20250314N Ayala HQ

Ayala Corp. on March 14 announced its 2024 earnings, including a new net profit record. (Photo by Yuki Fujita)

YUKI FUJITA

MANILA -- Philippine conglomerate Ayala Corp. announced Friday an all-time-high net profit of 42 billion pesos ($734 million) for 2024, up 10% on the year, buoyed by brisk housing sales and consumer lending.

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