Aboitiz is undergoing its Great Transformation to become the Philippines' first techglomerate.

The Great Transformation

Innovation

Synergy

Column

University of Experience

People & Culture

Navigating The Voyage: How Kiara’s People-Centric Beginnings Shaped Her Big-Picture Thinking

Land

Aboitiz Land Shines at FIABCI 2025 Real Estate Awards with Gold and Silver Wins

Power

AboitizPower Grants Engineering Scholarships In Bataan

Sustainability

AEV Strengthens Commitment to SDGs At UN Global Compact High-Level Dialogue

Aboitiz Group Advisory to External Stakeholders regarding COVID-19

2019 Bankers’ Night

2019 Brigada Eskwela Cebu

Aboitiz Eyes

> As we look ahead, our challenge is not only to understand what is changing, but
why. The shifts we are experiencing didn’t begin yesterday but are part of a
broader evolution shaped by the hard-earned lessons of recent years.
We Invite You To Bet With Us!


Dear Fellow Stakeholders,
Half a decade after Covid, we find ourselves navigating a world filled with
increasing uncertainty and increasing complexity, both of which bring us more
opportunity. What Aboitiz has learned from over 150 years of doing business in
the Philippines is that chance favors the prepared. Being ready is what matters
most as we adapt to change at the optimal moment. If adaptation is evolution’s
test for survival, then optimal adaptation is man’s test to thrive. As an
institution, we must strive to thrive by being prepared and adapting
continually.

A flexible structure that adapts quickly has taken Aboitiz to where it is today.
We operate with a governance and management structure at the helm of a team that
adapts to remain relevant and competitive. This structure drives our behavior of
cultivating committed shareholders who reinvest, stay the course, and pass their
shares and values on to their children. We will continue to work as a team with
adaptation pains to remain relevant, competitive, dynamic, and evergreen.

Our strategy is to focus on gaining competitive edges by doing what few can. It
has guided our decision to divest a quarter of our power holdings, enabling us
to invest in the retail business of our financial services group, our airport
ventures, and Coca-Cola. All three areas are bets on the rising middle class,
both in the Philippines and across the region.

We are betting that our three economic pillars, overseas workers, ICT BPO, and
more and more tourism will drive the expansion of consumption for more and more
of our people. We are betting that more and more of our Southeast Asian and
Asean neighbors, as well as those from further out, will visit our spectacular
country, pass through our airports, and consume power while experiencing
Philippine hospitality as they enjoy a Coca-Cola. We are betting that
infrastructure will be built at an increasing pace. Will that building be as
fast as our neighbors? We hope so but bet that it will be sufficient.

“How are we adapting to thrive in a world of geopolitical and micro-political
chaos?” is the question we must keep asking ourselves. This report will offer
some pertinent answers and highlights. As we look ahead, our challenge is not
only to understand what is changing, but why. The shifts we are experiencing
didn’t begin yesterday but are part of a broader evolution shaped by the
hard-earned lessons of recent years.

On behalf of the Board and management of the Aboitiz Group, thank you for your
continued trust and confidence in us to do what is right to grow your company.
We are determined to stay ahead by maximizing opportunities, strengthening our
partnerships, and leading with impact. Bet with us.

Mabuhay!

Endika



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Learn more about the Group's 2024 operational and financial performance in the
2024 Aboitiz Integrated Report. Download here
[https://aboitiz.com/corporate-governance/aboitiz-integrated-report] or click
the image below.
 [https://aboitiz.com/corporate-governance/aboitiz-integrated-report]

AIR 2024: Message From The AEV Chairman

Aboitiz Family & Firm Educational Series from Enrique Aboitiz Mendieta

Retribution: The Battle for Japan, 1944 - 45 
By Max Hastings



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History reviewed decades after initial perceptions adds deeply to our
understanding of events. Might Truman had not dropped the bomb if Japan did not
create the environment and thinking? Or he would have anyway to show the power
of his new weapon?
I  think you will find these varied perspectives enriching.



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Listen to a sample of this book on Audible.
[https://www.audible.com/pd/Retribution-Audiobook/B015ESQZ6K]
Disclaimer: The Aboitiz Eyes team is not affiliated with any party or product
mentioned in this content and does not receive any compensation or financial
benefit from the inclusion of product links. The links provided are for
informational purposes only and are not endorsements.

Endika Aboitiz

EMA's 2025 Reads: The Battle For Japan

> I don’t consider the traditional career ladder as success... Instead of planning
your career, focus on developing skills and pursuing opportunities.
At Aboitiz, transformation is a mindset and for Kiara Rioferio, that mindset was
rooted in her experience in HR. Today, as a Corporate Strategy Manager at
Aboitiz Equity Ventures, she crafts big-picture strategies, guided by a core
belief: people are at the heart of any meaningful change.

Kiara at the pilot run of the first Foresight workshop for AEV in June 2024,
working alongside the Transformation, Strategy, and Risk teams for this
milestone exercise.Starting with People
Kiara studied psychology without a clear career path in mind. But during her
on-the-job training, the corporate setting called to her, specifically, the
opportunity to support the 90% who appear “okay” but might be silently
struggling. Thus, her early HR days were filled with quiet conversations,
moments of trust that shaped her people-first compass.

“Many people hope for HR to be their refuge, especially when they can’t find
safe spaces elsewhere at work. Yes, we have multiple programs for employees, but
looking back, the biggest moments were conversations I’ve had with people. These
were moments of vulnerability, of trust, of confidence.”

Taking the Leap
Kiara’s pivot from HR to business transformation wasn’t accidental. While still
in HR, she immersed herself in innovation work, earned her Lean Six Sigma Green
Belt, and drafted related future roles for herself in Hedcor’s 2020 Career Path
Program. When AP launched the Innovator’s Tribe, she joined instinctively,
‘lukso ng dugo’ driven by preparation, curiosity, and grit.

“I had imposter syndrome. But even if I had to rewind everything, I’d still
choose this path over staying safe in HR.”

She started with A-trepreneur and Novel Protein in the Foundry, then continued
to Core Transformation programs and Foresight, pushing her beyond her comfort
zone.

Kiara with the Foresight Team during the Strategy Open House in November 2024,
where the team shared insights from the pilot run with Aboitiz Group leaders.
Later that year, they received the Local Team Award under the Integrity
category.Connecting the Dots
Now in Corporate Strategy, Kiara brings together her HR empathy and innovation
mindset. While others see HR, Transformation, and Strategy as separate tracks,
she sees a throughline.

“At first glance, HR, Transformation, and Strategy seem unrelated. But the
common thread is people. With the right mindset, support, and vision, people
will execute and deliver.”

Her operations background helps her stay grounded. And her biggest asset? The
ability to read the room and navigate people through change, skills first
sharpened in HR. She emphasizes that success in strategy isn’t just about good
ideas, it’s about enabling people to act on them.

“It doesn’t matter how sexy the ideas sound if you’re not able to get people to
do what you want them to do.”

Kiara during the Foresight workshop, tasked with scanning news and macro trends
as part of developing foresight capabilities to track global shifts and emerging
signals.Growth Through Change
Kiara’s journey hasn’t followed a traditional ladder, and that’s exactly the
point. She believes focusing too much on a fixed plan can be limiting. Instead,
she encourages peers to develop capabilities and stay alert for the next
opportunity.

Those capabilities led her to start Silingan Kofi, a small home cafe inspired by
a local gap in the market. It was a weekend idea-turned-business, built on quick
feedback and iteration. The entrepreneurial mindset she demonstrated didn’t come
out of nowhere – it was shaped by her time in the Transformation Team.

“I think unconsciously I’m still using the frameworks we learned… Business Model
Canvas and the Value Proposition Canvas. What helped me is the speed of
execution and getting faster feedback loops. Less overthinking and more
execution.”

Redefining Identity and Trusting the Unknown
The biggest shift, she says, came in how she viewed herself

“Once I stopped seeing myself just as an HR person, I saw that my strengths as
Kiara can be applied to whatever situation I get thrown into.”

Kiara is no longer fixated on knowing what’s next. Instead, she trusts the
process of continuous learning, both in her work at AEV and in her
entrepreneurial journey. For those walking their own paths at Aboitiz, she
encourages us to embrace the unfamiliar through micro-changes: those small,
intentional tweaks that train us to live with uncertainty,

“Start with small changes so you can get used to uncertainty. Talk to someone
from a different team. Ask a question during the town hall. Create a custom GPT.
Create a new pre-work ritual. Listen to a new artist. Anything. Just
continuously inject micro changes into your day and subject yourself to
uncertainty.”

With Kiara, the message is clear: your career doesn’t have to follow a straight
line. You just have to stay open, stay curious, and be ready when the moment
comes.

Mags Maguad-Tibayan

Aboitiz Land’s executive team beams with pride as they receive top honors at the
FIABCI 2025 Real Estate Awards, celebrating wins across residential and
environmental categories.Aboitiz Land continues to make waves in the Philippine
real estate industry as it brought home multiple honors at the prestigious
FIABCI 2025 Real Estate Property Awards, held last April 30 at Solaire Resort
North. Recognized for its commitment to excellence, sustainability, and
community-centered development, the company earned accolades across key
categories in residential and environmental development.

The Villages at LIMA Estate was awarded the Gold Award for Best Residential Low
Rise Development in South Luzon, affirming its position as one of the most
thoughtfully planned residential communities in the Batangas area. Nestled
within the thriving LIMA Estate, the project stands out for its consistency in
integrating smart living with green spaces and accessibility to economic
opportunities.

Jolan Formalejo, Head of Operations at Aboitiz Land, receives the Gold Award for
Best Residential Low Rise Development in South Luzon for The Villages at LIMA,
joined by FIABCI judges and fellow industry leaders during the FIABCI 2025 Real
Estate Awards.Meanwhile, Ajoya Capas in Tarlac garnered the Gold Award for Best Economic to
Mid-Cost Housing in Central Luzon, a testament to Aboitiz Land’s goal of
democratizing homeownership for Filipino families. Located near New Clark City,
Ajoya Capas offers a master-planned community that boasts Aboitiz Land signature
features such as home designs that fit local climate, as well as community
spaces like greenbelts and pocket parks that reflect the company’s heritage of
developing homes that uplift.

Carlo Antonio of Aboitiz Land receives the Gold Award for Best Economic to
Mid-Cost Housing for Ajoya Capas, recognized for its thoughtfully designed homes
and community spaces that make quality living more accessible to Filipino
families—awarded by FIABCI judges at the FIABCI 2025 Real Estate Awards.In the
environmental category, Seafront Residences earned the Silver Award for Best
Environmental Conservation Effort for its Pawikan Conservation Program, an
initiative in partnership with Aboitiz Foundation Inc, the residents, local
community and environmental groups. The program helps protect endangered marine
olive ridley sea turtles lay eggs, protect their eggs and release their
hatchlings into the water, while educating residents and guests about the
importance of coastal biodiversity.

Farrah Mayol of Aboitiz Land receives the Silver Award for Best Environmental
Conservation Effort for Seafront Residences’ Pawikan Conservation Program, a
long-running initiative dedicated to protecting endangered marine turtles
through coastal habitat preservation, community education, and sustainable
practices—awarded by FIABCI judges at the FIABCI 2025 Real Estate Awards.“These
recognitions encourage us to keep improving—not just in the way we design and
build, but in how we respond to the evolving needs of our homebuyers,” said 
Jolan Formalejo, Head of Operations at Aboitiz Land. “Sustainability and
customer-centricity are at the heart of what we do, and we carry this forward as
we continue developing residential solutions across Aboitiz economic estates.”

The FIABCI (International Real Estate Federation) Awards recognize outstanding
real estate projects globally that embody innovation, sustainability, and
excellence in design and execution. Aboitiz Land’s wins reflect not only the
company’s strong performance but also its dedication to nation-building through
inclusive and responsible development.

Now in its 30th year, Aboitiz Land remains committed to innovating better ways
to live—developing communities that meet real needs today while steadily
advancing its role as a residential solutions provider for Aboitiz economic
estates.

> I’m particularly proud of what they’ve done in AboitizPower North Luzon for
supporting more than 200 scholars so far. But these aren’t just numbers on a
page, these are stories of transformation.

–Celso Caballero, COO, AboitizPower Transition Business Group
AboitizPower signed a five-year memorandum of agreement (MOA) with the
Provincial Government of Bataan to provide scholarships for students taking
engineering, a course deemed vital to the development of infrastructure and
technology in the province.

Under the agreement, AboitizPower, through GNPower Mariveles Energy Center
(GMEC) and GNPower Dinginin (GNPD), will set up an educational assistance fund,
contributing two million pesos annually over five years starting this April for
a total value of P10 million. The fund will support 200 students from Bataan
Peninsula State University Main Campus and Polytechnic University of the
Philippines Mariveles.

"We express our deepest gratitude to AboitizPower for their unwavering
partnership with our Provincial Government,” said Bataan Governor Joet Garcia in
the vernacular. “Through their support, we are getting closer to our dream of
building a strong, capable, and progressive Bataeño family—with quality
education as the foundation for a brighter future."

“Our advocacy in education is not new. I’m particularly proud of what they’ve
done in AboitizPower North Luzon for supporting more than 200 scholars so far,”
explained AboitizPower Transition Business Group COO Celso Caballero. “But these
aren’t just numbers on a page, these are stories of transformation. We’ve
witnessed firsthand the immense pride, the profound impact of investing in
education.”

MOA signing. AboitizPower President and CEO Danel Aboitiz (3rd) speaks with
Bataan Governor Jose Enrique Garcia (center) and Vice Governor Cristina Garcia
(1st) at the MOA signing.GMEC and GNPD have supported a total of 206 scholars in
the two institutions, 50 of whom have already graduated. GMEC initiated the
scholarship program in 2015, while GNPD joined the partnership in 2023. The
recent MOA signing grants a new batch of 200 recipients in addition to the
existing scholars.

The scholarship program falls under GMEC and GNPD’s broader P.R.O.G.R.E.S.S.
program, specifically aligned with the “E” component, which stands for Elevate
Educational Opportunities. It is also part of the province’s expanded “Iskolar
ng Bayan” program, which aims to provide opportunities to deserving students.

“Malaking tulong po sa akin yung ‘Iskolar ng Bataan’ kasi natutugunan niya po
yung mga tustusin ko since I have a solo parent po. Kaya hindi ko na po
kailangan manghingi sa magulang ko, atsaka hindi na po niya kailangan intindihin
yung ibang pangangailangan ko,” shared Rainiel Salandanan, a student and scholar
from the Bataan Peninsula State University. (The 'Iskolar ng Bataan' program is
a big help for me because it supports my expenses, especially since I’m raised
by a solo parent. I no longer need to ask my parent for money, no longer having
to worry about my other needs).

AboitizPower is one of the largest power producers in the Philippines, with a
balanced portfolio of over 50 plant facilities located across the country.
Guided by its vision and higher purpose, the company actively contributes toward
uplifting the lives of the Filipino people by pursuing advocacies that help
achieve its purpose of Transforming Energy for a Better World.

> The mission ahead is for UBX to evolve into a next-gen fintech and technology
company.
UBX, the fintech arm of UnionBank, is accelerating its drive for large-scale
digital transformation—expanding its capabilities to empower enterprises and
government agencies across the country. As a premier technology company, UBX is
sharpening its focus on delivering high-impact, customized solutions tailored to
the complex needs of large organizations.

Through strategic affiliations with UnionBank and Japan’s SBI Holdings, UBX
leverages on a formidable combination of local expertise and global
capabilities, underscoring its dedication to large-scale digital transformation.

“With our intensified focus on enterprises, UBX is uniquely positioned to
leverage the strengths and experience of UnionBank, one of the country’s top
universal banks, and SBI Holdings, a pioneer of internet-based financial
services in Japan. This gives us unparalleled expertise in the fintech landscape
to serve leading organizations in the Philippines,” stated John Januszczak, UBX
President and CEO.

UBX’s approach goes beyond simply implementing financial technologies; UBX acts
as a strategic partner, working closely with clients to understand their needs
and develop customized roadmaps for digital transformation. This includes
guidance on technology adoption, seamless implementation, service management,
and access to skilled professionals.

UBX’s impact extends to the public sector, where it collaborates with government
agencies to modernize processes using the right technology.

“The mission ahead is for UBX to evolve into a next-gen fintech and technology
company, which means UBX will be the preferred partner for digital
transformation in the country,” said UnionBank President and CEO Ana
Aboitiz-Delgado.

Within the Aboitiz Group, UBX drives innovation and creates valuable synergies
across the conglomerate and its affiliates.

“UBX is strengthening its role within the Aboitiz Group, delivering strategic
digital solutions across industries,” shared Jose Emmanuel “Toto” Hilado, AEV
Group Chief Financial Officer, who is also the new Chairman of the Board at UBX.

UBX delivers end-to-end digital transformation services, from planning to
implementation, along with fintech solutions for payments, lending, and
banking-as-a-service.

UBX Amps Up Capabilities Tailored For Large Enterprises

Aboitiz Equity Ventures joins fellow UN Global Compact Network Philippines
participants at the High-Level Dialogue on SDGs, reaffirming their commitment to
sustainable and inclusive growth.Aboitiz Equity Ventures and the Aboitiz Group
reaffirmed its commitment to sustainable development by participating in the
High-Level Dialogue on the Sustainable Development Goals (SDGs) organized by the
Global Compact Network Philippines (GCNP) and the United Nations Global Compact
(UNGC). Held at BPI Townhall in Makati City, the event brought together private
sector leaders, civil society, and government representatives to advance
collaborative action toward the 2030 Agenda.

The dialogue was part of the official mission to the Philippines of Tonilyn Lim,
Chief of Programmes at the UN Global Compact, and featured key insights on
global strategy, the enhanced Communication on Progress (CoP), and opportunities
for stronger public-private alignment. Lim was joined by Minister Jesus
(Hendrik) Garcia, who represented His Excellency Ambassador Antonio Lagdameo,
the Philippines’ Permanent Representative to the United Nations.

Minister Garcia emphasized the Philippine government’s commitment to advancing
the SDGs through stronger collaboration with the GCNP and the private sector. He
also outlined strategic efforts to encourage more large corporations to join the
GCNP and integrate sustainability into their operations.

As a long-standing UN GCNP participant, AEV emphasized its ongoing integration
of environmental, social, and governance (ESG) principles across its business
units. Its transformation into a techglomerate reflects a deep commitment to
innovation and inclusive growth. “We are proud to stand alongside partners who
believe in the power of business to drive sustainable change,” said Ginggay
Hontiveros-Malvar, AEV’s Chief Reputation and Sustainability Officer and Vice
President for Marketing and Board Member of GCNP. “Our journey continues to be
guided by purpose, accountability, and the ambition to create long-term value.”

Participants gather at the UN Global Compact High-Level Dialogue to discuss
private sector action on the Sustainable Development Goals.The dialogue followed
the High-Level Conference of Middle-Income Countries (HLC-MICs) hosted by the
Philippine government on April 28–29, reinforcing the vital role of the private
sector in accelerating SDG achievement.

AEV’s participation underscores its belief that sustainable development is a
shared responsibility—and that business has both the opportunity and obligation
to lead.

Fourteen-year-old Mitch Balbuena dreams of becoming a teacher but it was always
an extreme challenge to focus on her studies due to intermittent power at their
home, which relies solar panels and, at nighttime, gas lamps. Bebina Lucena,
meanwhile, ran her vegetable stall without electricity and refrigeration, which
meant she had to make frequent three-hour trips to buy blocks of ice elsewhere.

Today, however, Mitch and Bebina—and their fellow students and business owners
in Barangay Malabog, Davao City—are able to progress as accessible electric
power has finally reached their homes and establishments.

While solar panels did find their way to Barangay Malabog in 2019, the
technology was limited in supporting a continuous supply of electricity,
weakening or even disappearing whenever it rained, was cloudy, or when it was
already dark.

Greater electrification of the area was challenged by the peace and order
situation, which was finally addressed in 2022 when the entire Davao Region was
declared “insurgency-free.” That same year, owing to the improved situation,
Davao Light embarked on its sitio electrification program in Barangay Malabog,
installing power lines and the other necessary infrastructure. Since then, 70
out of the 82 sitios in Barangay Malabog have been energized.

“Pagdating ng kuryente dito, yung mga liblib na purok at sitio may mga tindahan
na, may mga resort na, so malaking factor talaga yung kuryente kase yun ang
kailangan ng tao,” said Malabog Barangay Captain Jessielito Areja.
(When electricity arrived, the remote areas suddenly had stores, there were
resorts, so electricity is really a huge factor because that’s what people
need.)

FROM GAS LAMPS TO LIGHT BULB. Young student Mitch Balbuena used to do her
homework using a gas lamp for illumination up until the sitio electrification
program brought by Davao Light finally reached their home.With the objective of
economic development and poverty reduction, the sitio electrification program is
a project by the national government of the Philippines that aims to connect
far-flung barangays and underserved rural areas to the electrical grid of
distribution utilities such as Davao Light.

“The electrification program is one of the key priorities of the Department of
Energy (DoE), not only in Mindanao but in the entire country,” explained DoE
Mindanao Field Director Nilo J. Geroche, adding that the government targets full
electrification of households by 2028.

But electrification, particularly at the household level, is a moving target, as
pointed out by Davao Light President and Chief Operating Officer Enriczar T.
Tia, considering how new residents move into the sitios every year.

“Right now, among the 182 barangays within the Davao Light franchise area, we’re
proud to say that we are 100% electrified,” he said. Company data shows that 66
sitios remain unenergized, which is 1.73% of all sitios in its service area. “At
the household level, there are around 503,000 households where 2,000 are yet to
be energized.”

A REVATLIZED BUSINESS. With access to electricity, Bebina Lucena’s small store
now has a a pay-per-use internet access service vending machine (left) and a
refrigerator for storage (right), which help increase her earnings.Since their
barangay's electrification, Bebina now has a refrigerator for vegetable storage,
which brings her savings that she reinvests in her stall. She has expanded her
inventory, which now includes cold drinks and even a "pisonet" Wi-Fi terminal.

“Nagpapasalamat ako sa Davao Light kase umunlad yung pamumuhay namin,” Bebina
said, noting how her revitalized store helps in funding her children’s
education. (I thank Davao Light because our lives have improved.)

At the same time, with the hope and modernity brought about by electricity,
Mitch can now dream of a much better life for herself and her family. She shared
that she wants to progress so their house can be renovated.

“Gusto ko maging successful para kaya ko nang suportahan ang sarili ko… Hindi na
ko aasa sa iba,” she said. (I want to be successful so I can support myself… I
won’t have to rely on anyone else.)

Despite the remaining challenges in reaching far-flung and underserved
households, including those in Barangay Malabog, is undeterred.

“In Davao Light, it is our massive transformative purpose to empower the
evolution of our cities, and we believe that the sitio electrification program
is part of that mandate,” Tia said.

SITIO ELECTRIFICATION. The improved peace and order situation in Davao City
allowed Davao Light to erect and install power lines and other infrastructure to
finally energize Barangay Malabog and other underserved areas.Underground
cabling in Davao City
Alongside the sitio electrification program, Davao Light is working on
underground cabling, or the transfer of overhead power lines to below ground
level, in the city proper.

Underground cabling not only enhances the city’s skyline, but also makes the
streets safer for motorists, commuters, and pedestrians, making it appealing to
residents, tourists, and investors. Power pilferage, or electricity theft, is
also prevented.

To the power distribution network, it also enhances its resilience and
reliability, with lesser incidence of emergency power interruptions, as well as
the mitigation of fire hazards, accidents, and safety risks, even amidst extreme
weather conditions.

“Other than the aesthetic aspect, the benefit of underground cabling is that
it’s safer and provides for less interruption in power distribution since the
power lines are protected and aren’t exposed,” said Davao Light Head of
Reputation Enhancement Department Fermin Edillon.

“But it’s not that easy to implement because we are given a work permit only
during the night—like 9pm up to 5am—and then you have to close the area during
the day so that commuters can pass through,” Tia added, while also noting how
the project is quite costly, making them focus their efforts on mandated areas.

NO WIRES, JUST CLEAR SKIES. The project team of Davao Light show a completed
portion of the underground cabling project in Ramon Magsaysay Avenue in Davao
City.The underground cabling project was mandated under Davao City Ordinance No.
0152-17, Series of 2017, “requiring all telecommunication companies, Davao Light
and Power Company and all other persons to comply with the underground cabling
plan of the City of Davao.”

The first phase covered C.M. Recto street from corner San Pedro street to corner
Ramon Magsaysay Avenue, while the second phase comprised 0.6 kilometers of San
Pedro street from City Hall Drive up to corner Quirino Avenue. The former began
construction in 2018 and was finished in 2021, while the latter started in March
2021 and was completed in February 2023.

As of March 2025, the first part of phase three in Ramon Magsaysay Avenue,
covering the Philippine Post Office up to the corner of Suazo street, was deemed
complete. The second part of phase three has already commenced.

Davao Light is the Philippines’ third-largest electric distribution utility,
currently serving the cities of Davao and Panabo, plus the municipalities of
Carmen, Dujali, and Sto. Tomas.

AboitizPower Brings Light To Barangay Malabog

Jerome Berena

Unlock access to handpicked deals on ready-now homes and residential lots,
available for a limited time only or until inventory lasts.In line with our goal
to provide practical value to A-people beyond the workplace, Aboitiz Land is
proud to introduce The Limited List—a curated selection of exclusive,
move-in-ready homes and residential lots, offered with up to 35%  in discounts, 
exclusively for Aboitiz Group employees.

This limited-time offering is designed to help turn your hard-earned success
into something lasting and meaningful by making homeownership more accessible.
Whether you're looking to invest in your first property or take the next step
toward building a long-term legacy for your family, The Limited List presents a
meaningful opportunity to do so—within trusted Aboitiz Land communities.

What’s in The Limited List?
The Limited List features:

 * Ready-for-occupancy homes and ready-for-turnover residential lots
 * Handpicked deals across select developments
 * Limited-time availability for Aboitiz team members only

These properties are located in Aboitiz Land’s master-planned communities, which
are designed with well-being, accessibility, and sustainability in mind. Options
include select units from:

 * The Villages at LIMA Estate (Lipa and Malvar, Batangas)
 * Amoa (Compostela, Cebu)
 * Seafront Residences (San Juan, Batangas)
 * Ajoya Pampanga (Mexico, Pampanga)
 * Ajoya Cabanatuan (Cabanatuan, Nueva Ecija)
 * Ajoya Capas (Capas, Tarlac)

Each development reflects Aboitiz Land’s commitment to building better and more
sustainable communities—where families can thrive for generations.

Why It Matters
This initiative is more than just an offer—it’s part of our shared journey as
One Aboitiz. Through The Limited List, we aim to empower our team members with
opportunities to secure a tangible asset and invest in a better future, aligned
with our values of stewardship and shared success.

How to Get Started
Accessing The Limited List is simple. Team members can click on this link
[http://bit.ly/TheLimitedList] to request for The Limited List and view
available properties and schedule a session with the Employee Housing Program
team to walk through the process.

A curated selection. Handpicked for you. Available for a limited time.
Take the next step toward owning a home that reflects the same purpose-driven
excellence you bring to work each day.

Whether you’re seeking a place to call home or a valuable addition to your
investment portfolio, The Limited List offers a rare opportunity to secure
property in thriving Aboitiz Land communities. With exclusive pricing and strong
potential for long-term value appreciation, this is your moment to turn success
into something truly lasting.

The Limited List: Exclusive Aboitiz Land Homes with Up to ₱7M in Employee Discounts

Franz de la Fuente

President of LIMA Land Inc. and Head of Aboitiz InfraCapital Economic Estates
Rafael Fernandez De Mesa (left) is presented with the 5-Star BERDE Certification
by Philippine Green Building Council Chairman Raymond Rufino (right)LIMA Tower
One, the first premium office building in Batangas, has been awarded the
prestigious 5-Star BERDE Certification by the Philippine Green Building Council
(PHILGBC)—marking a major milestone for sustainable, high-performance
developments in the province.

The recognition was celebrated at a ceremony attended by leaders from the
PHILGBC, Aboitiz InfraCapital Economic Estates, and key stakeholders. In his
remarks, Rafael Fernandez de Mesa, President of LIMA Land and Head of Aboitiz
InfraCapital Economic Estates, emphasized how the milestone reflects LIMA
Estate’s role in shaping a greener, more inclusive future for Batangas and for
the country.

> Today’s 5-Star BERDE Certification is more than an accolade. It affirms our deep
and ongoing commitment to responsible development—where economic progress,
environmental stewardship, and community upliftment move forward hand in hand.

–Rafael Fernandez de Mesa, President, LIMA Land / Head, AIC Economic Estates
LIMA Tower One anchors the expanding Biz Hub at LIMA Estate, a 70-hectare
business district in Lipa and Malvar that seamlessly integrates office, retail,
residential, hospitality, and institutional components with industrial activity.
This thriving environment is redefining what industrial estates can be—creating
vibrant, people-centric communities beyond Metro Manila.

A centerpiece of the Biz Hub, LIMA Tower One addresses the growing demand for
high-quality workspaces in provincial locations, driven by a shifting workforce
seeking better quality of life closer to home. The development has already
attracted major tenants, with Conduent, one of the country’s top IT-BPM
companies, choosing LIMA Tower One for its first provincial office. Occupying
three floors, Conduent’s operations are poised to create hundreds of high-value
jobs for Batangueños.

During the ceremony, Fernandez de Mesa underscored the unique relevance of the
BERDE rating system, which addresses the Philippines’ environmental, economic,
and social needs. He also recognized the Philippine Green Building Council for
their leadership in advancing sustainability in the built environment. “We chose
to pursue BERDE Certification not just because of its technical credibility, but
because it was designed by Filipinos, for Filipinos—rooted in the realities and
aspirations of our communities,” he said.

With nearly 2,000 hectares of industrial land under management and home to more
than 250 global and local companies, Aboitiz InfraCapital Economic Estates
supports over 100,000 direct jobs across its developments. It is currently the
only industrial estate developer in the Philippines to have all its operating
estates BERDE-certified, reinforcing its leadership in building smart,
sustainable, and future-ready communities.

Philippine Green Building Council Chairman Raymond Rufino, celebrated the
continuous efforts of Aboitiz InfraCapital Economic Estates for continued
collaboration and purpose-driven growth. “I have always encouraged fellow
developers to embrace green building practices. The developments within Aboitiz
InfraCapital’s Economic Estates exemplify how we can raise the bar—meeting
global standards and demonstrating that the Philippines can lead in building
green, future-ready communities.” said Rufino.

The 5-Star BERDE Certification of LIMA Tower One marks a significant step
forward in Batangas’ transformation into a thriving business hub — strengthening
the province’s position at the forefront of sustainable and inclusive growth in
the Philippines.

Infrastructure

LIMA Tower One Sets Benchmark In Batangas With 5-Star BERDE Certification

By Jan Dolalas
The demand for renewable energy in the Philippines is increasing rapidly, with
businesses and industries recognizing sustainability as a necessity rather than
a choice. AboitizPower (AP) has long expressed its intention to grow its
renewable energy portfolio tracing its clean energy legacy to its venture into
hydropower through Hedcor in 1978. This early adoption of renewable energy laid
the foundation for AP's growth in the power generation sector.

Our Synergy efforts have contributed to AP's growth by leveraging idle land and
rooftops across the Aboitiz Group to expand solar capacity. By optimizing
existing assets, AP also helps our SBUs reduce energy costs, improve operational
efficiency, and accelerate the shift to cleaner energy sources—creating mutual
value for both AP and its partners.

An aerial shot of LIMA Estate in Batangas showcases the widespread adoption of
rooftop solar panels across commercial and industrial buildings.Maximizing
Assets for a Win-Win Solution
By installing solar panels on the Group’s underutilized land and rooftops, AP is
unlocking significant benefits for SBUs (strategic business units), including
lower power costs, improved energy reliability, and stronger sustainability
performance.

One notable project is the 1.5 MWp solar installation at The Outlets at Lipa
within LIMA Estate, developed in partnership with LIMA Land. This initiative has
significantly contributed to powering commercial operations at the retail hub,
showcasing the long-term benefits of solar energy in a retail environment,
providing cost savings through rates lower than the grid price.

“The project aims to make solar energy more accessible while ensuring energy
cost savings and promoting care for the environment,” shared Rafael Fernandez de
Mesa, then AboitizLand President and Chief Operating Officer-in-charge. This
initiative highlights the dual impact of renewable energy on business operations
and environmental sustainability.

Similarly, Pilmico Animal Nutrition Corporation’s (Pilmico)  Feed Mill in Tarlac
has successfully integrated solar power into its operations, earning three
prestigious sustainability awards from the Pollution Control Association of the
Philippines. The initiative has not only advanced the company’s environmental
goals but also saved nearly PHP 40 million in electricity costs and generated
over 3.5 million MWh in solar energy output.

“At Pilmico [an Aboitiz Foods company], we’re fully committed to protecting and
preserving the environment. We implement projects geared towards
eco-friendliness and comply with all the government’s regulatory requirements,” 
said Engr. Anthony Jason Mugot, Assistant Vice President of Feeds Operations,
Pilmico Animal Nutrition Corporation, underscoring the company’s dedication to
environmental stewardship through renewable energy initiatives.

Aboitiz Food’s Feed Mill in Tarlac that has successfully integrated solar power
into its operations, earning three prestigious sustainability awards.Expanding
the Solar Footprint
AboitizPower continues to scale up its solar initiatives, reinforcing its
commitment to clean energy. A key project is the long-term solar power purchase
agreement (PPA) with Republic Cement, which supports the cement industry’s
transition to renewable energy while significantly reducing its carbon
footprint.

The agreement covers a 14-megawatt (MW) ground-mounted solar project in idle
lands located at Republic Cement’s facility in Norzagaray, Bulacan. This
initiative is expected to generate substantial benefits for both companies. For
Republic Cement, the project will lead to significant energy cost savings and
help reduce its carbon emissions, aligning with its sustainability goals. On the
other hand, AboitizPower will benefit from a stable, long-term revenue stream
through the PPA, supporting the Philippines' clean energy transition.

By strategically collaborating with SBUs, AP optimizes existing assets across
the Aboitiz Group, turning sustainability into a competitive advantage.

Looking Ahead: The Future of AP’s Renewable Energy Expansion
AboitizPower remains determined to grow its renewable energy (RE) portfolio
through a balanced mix of technologies, including solar, wind, geothermal,
hydro, and energy storage systems. This aspiration is backed by the company’s
long-term goal of expanding its power generation portfolio to 9,400 MW by 2030,
with a 50:50 balance between RE and thermal energy.

In recent years, AboitizPower has increased its RE capacity, bringing additional
megawatts online to support the country’s energy needs. Looking ahead, the
company will continue to explore scalable and cost-efficient energy solutions
while contributing to the reliability and affordability of power for Filipino
communities and businesses.

The synergies between AboitizPower and SBUs demonstrate that collaboration can
create win-win solutions, serving as a strong proof of concept for businesses,
industries, and communities alike.

Illuminating Synergies: AP's Expanding Renewable Energy Portfolio, Using Idle Land and Rooftops

Aboitiz Group President and CEO Sabin M. Aboitiz affirmed the commitment to
long-term value creation and highlighted operational achievements and
disciplined capital deployment across key business units during Aboitiz Equity
Ventures’ (AEV) annual shareholders’ meeting held last April 28.

“We are building a future that is bold, inclusive, and transformative,” SMA said
in his President’s Report. “And as the Philippine economy shows resilience and
renewed strength, AEV is well-positioned to drive meaningful progress for our
stakeholders and our nation.”

SMA delivers his President's Report at the 2025 AEV Annual Stockholders' Meeting
The company's robust financial results in 2024 show marked resilience despite
headwinds in select sectors:
• Core net income increased by 15% to PHP25.5 billion
• Consolidated EBITDA rose by 3% to PHP83.6 billion, driven by strong
performances in power, banking, food, and infrastructure. 
• Group net income of PHP18.1 billion even with a PHP7.5-billion impairment in
its cement business
• Shareholder returns also reflected continued growth as AEV declared a regular
cash dividend of PHP1.54/share

In 2024, the Group deployed PHP76.5 billion in capital expenditures, signaling
sustained confidence in long-term, sustainable growth. strong financial position
With total consolidated assets growing to PHP893 billion, and a steady net
debt-to-equity ratio of 0.8x. 

SMA also highlighted key BU activities:
• AboitizPower contributed PHP18 billion in income, with over 1,000MW in
development across wind, solar, hydro, geothermal, and energy storage
• UnionBank, now fully integrated with Citi’s consumer portfolio, recorded a 32%
increase in income
• Aboitiz Foods and CCEAP delivered exceptional results with PHP5.9 billion in
combined contributions, fueled by strategic pricing and improved formulations
• Aboitiz Land remains agile, focusing on high-demand regions outside Metro
Manila and sustaining momentum despite lower asset monetization gains
• Our 40% stake in Coca-Cola Euro-Pacific Aboitiz Philippines and entry into the
LNG sector through a 40% investment in Chromite Gas Holdings
• Aboitiz InfraCapital secured long-term concessions for Laguindingan and Bohol
airports and had full commercial launch of Apo Agua

Moving forward with our year of Being the Philippines’ first techglomerate,
Aboitiz Data Innovation is harnessing artificial intelligence and data science
to unlock value and enable smarter business decisions while we strengthen
enterprise risk culture through a new risk management microsite and
capability-building programs.

With AEV’s diversification strategy on track, Aboitiz expressed excitement about
the Group’s growing footprint in the consumer goods, banking and infrastructure. 

“Looking to 2025, we see even more opportunities to create value for our
shareholders and contribute to national development,” he said.

In closing, SMA thanked Justo Ortiz, outgoing AEV Director and former UnionBank
Chairman, and welcomed Miguel Aboitiz as new AEV Director. In addition to
various leadership roles in the Aboitiz Group, Miguel also previously served in
the AboitizPower Board.

Following the ASM, AEV moves ahead with a PHP105 billion capex plan for 2025, of
which as substantial portion—PHP78 billion—is being allocated to Power and
reinforcing expansion of our renewable energy pipeline. This aligns with the
company’s long-term vision of accelerating the country’s transition to clean and
sustainable energy sources.

Infrastructure is next with a PHP16 billion to fund major projects such as the
expansion of Aboitiz InfraCapital’s Economic Estates and ongoing
telecommunications tower acquisitions. These investments aim to bolster
industrial growth, improve connectivity, and create more opportunities for
businesses and communities.

The balance of the budget goes to key initiatives across the Group, including
enhancements to UnionBank’s digital infrastructure to strengthen financial
inclusion and banking efficiency. Aboitiz Foods segment will also see
investments in refurbishing swine farms and developing greenfield R&D farms to
drive innovation and ensure food security. Additionally, a portion of the capex
will be used for business maintenance and operational improvements across
various sectors.

“This capex investment reflects our strong confidence in the Philippine economy
and our unwavering commitment to nation-building,” said Aboitiz Group President
and CEO Sabin Aboitiz. “By strategically allocating resources to energy,
infrastructure, financial services, and food security, we are laying the
foundation for sustainable progress and long-term value creation.”

As AEV looks ahead to 2025, its aggressive investment strategy reinforces its
role as a key driver of the country’s economic transformation, ensuring that
industries, businesses, and communities continue to thrive in a rapidly evolving
landscape.


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Learn more about the Group's 2024 operational and financial performance in the
2024 Aboitiz Integrated Report. Download here
[https://aboitiz.com/corporate-governance/aboitiz-integrated-report] or click
the image below.
 [https://aboitiz.com/corporate-governance/aboitiz-integrated-report]

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