ACMobility suffered a P 57 million net loss in the first half of 2026 compared to a P 34 million profit in the same period last year despite booming BYD sales. This was revealed in Ayala Corporation’s 1H 2026 financial report.
The Ayala-owned corporation was affected by higher inventory costs arising from peso depreciation as well as softer Kia and Isuzu performance from January to June 2026.
Total unit sales grew 25 percent to 25,048 units versus 20,020 units in the same period in 2025. This puts ACMobility in third place overall in new car sales with a 10.9 percent market share (up from 8 percent last year).
Given that the two other automotive brands distributed by ACMobility—Kia (3,364 units) and Isuzu (6,323)—have declared their January to June 2026 sales with CAMPI-TMA, the balance or 15,361 units represents the total number of BYD vehicles sold from January to June 2026. If this figure is accurate, this puts the Chinese NEV giant in third place behind Toyota (100,909 units) and Mitsubishi (36,321 units), but ahead of Suzuki (9,262 units) and Ford (7,435 units).
Speaking of NEVs, ACMobility says that as a whole, they have captured the overall leadership in the segment which encompasses battery electric (BEVs), plug-in electric (PHEV), and hybrid electric (HEV) sales with a 56.9 percent market share.
Based on the disclosure, the Ayala-owned company is also putting more money behind its BYD distribution business, particularly for additional inventory purchases.
The conglomerate made advanced payments to secure inventory to the tune of P 114 billion (up 13 percent). This figure, however, also includes advances to contractors, additional UITF investments, and fair value gains on derivative assets at ACEIC (AC Energy and Infrastructure Corporation); and higher creditable withholding taxes (CWTs) and input VAT at ALI (Ayala Land) and AC Industrials.
ACMobility’s investment in electric mobility also shows in their charging network which has more than doubled to 542 charging points across 222 locations. This is compared to 239 points in 102 locations in the same period last year.
To further fuel this growth, ACMobility has infused a further P 750 million to beef up its EV charging business.
Wala na AC mobility stakes sa Honda ph?
ReplyDeleteMeron sa distributor. Wala na sa retail operations.
ReplyDeleteLosses will be much bigger if they still have Honda
ReplyDeleteibig sabihin marami benta byd pero kunti kita. Kunti lang patong AC lugi pa nga, china byd siguro malaki kita dito pinas
ReplyDelete750m additional investment nila sa EV charging. Kasama na yan sa overall expenses nila. That alone would tank their numbers for the short term kasi the reported loss is total for the business not just car sales.
Deletethat is weird
ReplyDeleteThey need to invest in capital expenditures to ensure they hold or increase their current positions. I won't be surprised if they go through multiple quarters of losses before seeing sustained positive revenue. It's a long game.
ReplyDeleteI think is because of investments and building of charging stations or others. You have to check the finance report.
ReplyDeletekung mag invest kasi ayala sa mga service centers instead of puro showrooms mas malaki kita. malaki kita sa parts and service. mas mabikis pati repair hindi na hintay months for parts
ReplyDeletemost likely they will increase the unit price to recoup with the financial losses
ReplyDeleteThey will certainly increase the unit price to recoup the financual losses.
ReplyDeleteThere is no mention of non-BYD brand like Honda, only Kia and Isuzu are mentioned. Does AC Mobility sales numbers not include Honda?
ReplyDeletethey are no longer partners, which is a dumb move lol
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