MacroAsia venturing into energy business

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November 12, 2026 | 12:00am

MANILA, Philippines — Aviation support service provider MacroAsia Corp. has signified intent to enter the energy sector, as it explores opportunities outside airports to build up the business.

In a disclosure to the Philippine Stock Exchange, MacroAsia said it has amended its articles of incorporation to add energy in its secondary line of business.

In particular, MacroAsia opened itself to the possibility of engaging in the supply of electricity, including acting as a supplier in the contestable market and developing renewable power sources.

The addition of energy business to MacroAsia’s portfolio supports the strategy to expand outside aviation. MacroAsia is also engaged in food catering and water distribution.

There is also urgency for MacroAsia to broaden its revenue sources, as profit fell by 45 percent to P560.4 million in the first half. Although revenue grew by five percent to P7.76 billion, costs rose faster by nine percent to P6.36 billion due to inflationary pressures.

Likewise, MacroAsia’s share in the net income of its associates dropped by 30 percent to P680.9 million, reflecting lower contributions from affiliates.

MacroAsia associate Lufthansa Technik Philippines (LTP) is paying a higher lease for its aircraft maintenance, repair and overhaul operations at the Ninoy Aquino International Airport.

LTP, 49 percent owned by MacroAsia, also terminated its line maintenance base in Manila, as its largest client Philippine Airlines is now doing the routine servicing on its own.

In spite of this, MacroAsia president and CEO Eduardo Luis Luy said the company is confident it could return to growth mode soon. He also assured investors that MacroAsia is focused on protecting margins in the face of economic risks.

MacroAsia’s bread-and-butter food services grew its revenues by nine percent to P3.87 billion in the first half, as demand went up both from aviation and non-aviation clients. Revenues from ground handling jumped by five percent to P3.28 billion.

Apart from this, MacroAsia is widening its infrastructure base, with the P1.2-billion expansion of its food commissary in Muntinlupa set for opening in early-2027.

“While cost pressures remain, we are confident that our diversified business, ongoing efficiency measures and strategic investments will position MacroAsia for progressive margin recovery and stronger long-term earnings,” Luy said.