If there is a single line that explains Aboitiz Equity Ventures, Inc. at the parent-company level, it is this: the holding company is still fundamentally powered by utility and power generation , and Aboitiz Power Corp. remains the engine under the hood. In 2025, the parent company booked ₱18.20 billion in dividend income out of ₱19.79 billion in total revenues—meaning roughly 92% of parent-company revenue came from dividends rather than direct operating activity. And the biggest contributor by far was Aboitiz Power , which remitted ₱8.99 billion to the parent—almost half of the total dividend stream. That matters because the parent-company statements of AEV do not read like those of a factory, retailer, or bank. They read like the financial nerve center of a conglomerate: a balance sheet dominated by investments, an income statement driven by upstream cash distributions, and a cash-flow statement that shows how those remittances are recycled into dividends, debt ser...
The Philippines’ biggest coal miner entered 2026 with a familiar strength — profit — and an unfamiliar tell: it had to lean on bank funding just as its usual first-half dividend window passed without a payout. Semirara Mining and Power Corp. reported ₱3.82 billion in first-quarter net income, down 12% from a year earlier, while cash on hand more than doubled to ₱10.58 billion . But the stronger cash balance came with a catch: the company also drew ₱5.0 billion in new loan proceeds during the quarter, even as receivables swelled to ₱10.08 billion and inventories climbed to ₱18.69 billion . That combination — robust earnings, weakening cash conversion, and fresh borrowing — is not the profile investors have grown used to from Semirara. For years, the company has been treated by many local shareholders as a kind of cyclical cash machine: a miner-power producer with a habit of sending money back in the spring and, often, again later in the year. Its own investor-relations ...