AbaCore Capital Holdings Inc. (ABA), a holding company with interests in leasing gaming equipment, gold and coal mining, real estate and financial services, said it posted a net income of P107.3 million, or P0.0251 per share, in the first quarter of 2025.
This marked a turnaround from a net loss of P15.3 million, or P0.0034 per share, a year ago.
ABA said its book value per share was P5.05 in the first quarter of 2025, a slight increase from the first quarter of 2024. The company’s book value per share remains significantly above its stock price — currently below P1, with a par value of P1.
First-quarter results were primarily impacted by a gain of P140.6 million from the disposal of investment properties. ABA also recorded an interest income of P20.8 million in the first quarter, compared to P18.0 million a year earlier.
Expenses in the first quarter grew to P33.1 million from P25.4 million a year ago, primarily due to adjustments in government-mandated employee benefits along with higher costs for office supplies and fuel consumption.
“ABA’s results for the first quarter reflect our continued success in managing our investment and land portfolio, allowing us to take advantage of prevailing market conditions to maximize our profitability,” said ABA president Antonio Victoriano Gregorio III.
“We will continue to pursue this strategy over the long term, as well as pursuing our expansion plans across our various subsidiaries to increase our bottom line and continuously enhance shareholder value,” said Gregorio.
