Ayala Land's net income grew 32 percent to P24.5 billion as its property development and commercial leasing businesses continued to deliver strong results. AREIT's, Ayala Land's REIT vehicle, saw its net income increase 43 percent to P4.9 billion, driven by contributions from new asset infusions. AC Energy's income from operating units, which excludes cash value realization gains and other one-time, non-cash adjustments, was up 2.9 times to P4.9 billion on the back of new operating capacity and a strengthened net seller position. AC Energy & Infrastructure (ACEIC), the parent company of ACEN, saw its core earnings jump 71 percent to P9.5 billion from improved operating earnings from ACEN and higher contributions from GN Power Dinginin. Globe Telecom's net income dropped 29 percent to P24.6 billion mainly due to the one-time gain from the partial sale of its data center business in 2022.