MacroAsia adds energy to business scope in diversification push
The Philippine aviation services provider is considering electricity supply and renewable power development as it seeks business beyond airports.
MacroAsia Corp. has changed its articles of incorporation to include energy as a secondary business activity, signalling plans to diversify further beyond aviation services. The company disclosed the amendment in a filing with the Philippine Stock Exchange.
Potential activities include supplying electricity to the contestable market and developing renewable energy sources. MacroAsia already operates food catering and water distribution businesses alongside its aviation services.
The diversification plans come after first-half profit declined 45 per cent to ₱560.4 million. Revenue increased five per cent to ₱7.76 billion, but costs climbed nine per cent to ₱6.36 billion amid inflationary pressures. Income attributable to associates also weakened, with MacroAsia’s share falling 30 per cent to ₱680.9 million.
Lufthansa Technik Philippines, in which MacroAsia holds 49 per cent, faces higher lease payments for aircraft maintenance, repair and overhaul work at Ninoy Aquino International Airport. The associate also closed its Manila line maintenance base after its biggest customer, Philippine Airlines, began carrying out routine servicing itself.
Food services revenue increased nine per cent to ₱3.87 billion in the first half, supported by stronger demand from customers both within and outside aviation. Ground handling revenue rose five per cent to ₱3.28 billion. MacroAsia also has a ₱1.2 billion expansion of its Muntinlupa food commissary scheduled to open in early 2027.
President and CEO Eduardo Luis Luy said MacroAsia remained confident about returning to growth and was concentrating on protecting margins against economic risks. He said diversification, efficiency measures and strategic investments would support margin recovery and stronger earnings over the longer term.
