Dear Fellow Shareholders,
The world has become a noisy place. As of early March 2026, we are witnessing yet another cycle of geopolitical conflict, energy volatility, and trade disruption. To some, this is a “polycrisis”; to us, it is simply the reality of doing business in a world that lacks a single, clear direction.
In such an environment, the true test of an institution is its capacity to perform despite the noise. We are moving beyond the rhetoric of the Great Transformation and into the grounded discipline of active performance: GTNext.
Performance Over Complexity
Over the past several years, we invested heavily to prepare for long-term growth. We strengthened our energy portfolio, expanded our infrastructure, and integrated digital tools across our businesses. These moves were necessary, but they also increased our complexity and capital intensity. We grew faster than our systems.
2025 was our turning point. It was time to stop building and start operating.
We gained clarity on how to extract value from what we already own. Our airports, for instance, are no longer infrastructure projects. They are ecosystems where retail and digital finance provide high-margin growth. In a volatile world, we lean into the strength of domestic consumption. It has always been our most resilient anchor.
The Discipline of Mastery
This pivot requires us to treat our digital and physical assets as a single engine. We are closing the gap between technology and reality by turning data into a sharp operational edge that allows our people to outpace the market rather than just react to it.
In GTNext, we remember that complexity is costing us. Simplifying is the way. It’s how we have endured and will continue to endure.
We do not manage for the next quarter but for the next generation. Our role is to remain a constant for all our stakeholders by grounding the organization in a culture of accountability. The Aboitiz Group is not built to survive the times but to master them.
We enter 2026 with the structural integrity to meet our ambitions and the clarity to deliver on our promises. Federalization brings strategic freedom at the subsidiary level and stronger focus on our mandate and outward vision at the Board level. Your trust is the foundation of our progress and we thank you for the partnership that allows us to prioritize our mission to create long-term value for all our stakeholders.
Mabuhay!
Endika Aboitiz
Chairman, Aboitiz Equity Ventures
Read the AEV CEO’s Message, 2025 Aboitiz Integrated Report:
