Softer bank, property earnings pull Ayala core profit down by 6%

MANILA, Philippines — Ayala Corp.’s core net income fell 6 percent to P34.5 billion in the first nine months of 2026 as weaker earnings from its banking and property businesses and lower non-operating income weighed on the conglomerate. On Thursday, the conglomerate said steady core earnings from Globe Telecom Inc., a higher contribution from AC Energy