{"id":332149,"date":"2025-04-07T23:44:44","date_gmt":"2025-04-07T15:44:44","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=332149"},"modified":"2025-04-07T23:44:46","modified_gmt":"2025-04-07T15:44:46","slug":"trade-the-news-macs-net-income-jumps-28-in-2024","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-macs-net-income-jumps-28-in-2024\/","title":{"rendered":"Trade the News: MAC’s net income jumps 28% in 2024"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>POSITIVE on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>MacroAsia Corp.<\/td><\/tr>
Stock Code<\/strong><\/td>MAC<\/td><\/tr>
Long-term Recommendation on the Stock<\/strong><\/td>Buy<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 9.25<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

MacroAsia Corp.\u2019s (MAC) net income jumped 28% to P1.37 billion in 2024 from P1.07 billion in 2023, driven largely by surging revenues across its businesses.<\/p>\n\n\n\n

Net income attributable to equity holders likewise grew 32% to P1.12 billion from P851.10 million, MacroAsia said in a statement.<\/p>\n\n\n\n

Total revenues hit a record high of P9.442 billion in 2024, 18% higher than the previous year\u2019s P7.997 billion.<\/p>\n\n\n\n

MacroAsia said the growth reflects the company\u2019s continued expansion and robust operational execution across its key business segments.<\/p>\n\n\n\n

Food services and in-flight catering contributed 47% of total revenues, rising 11% to P4.403 billion fueled by a 4% increase in meal count, from 22.77 million to 23.70 million meals.<\/p>\n\n\n\n

Ground handling and aviation services posted a 33% revenue growth, reaching P4.172 billion. This increase was supported by a 5% rise in flights handled, totaling 189,318. This also includes the 42% revenue boost to P84.8 million from First Aviation Academy, reflecting its expanded training programs.<\/p>\n\n\n\n

Water operations likewise grew 21% to P748.6 million, driven by a 6% increase in commercial water sales.<\/p>\n\n\n\n

Connectivity and technology services contributed P62.4 million, stemming from completed infrastructure projects.<\/p>\n\n\n\n

Administrative revenues grew by 21% to P56.2 million, largely due to increased lease income in Mactan, Cebu.<\/p>\n\n\n\n

Total direct costs increased by 14% to P7.109 billion, in line with the company\u2019s expanding business activities. Operating expenses also rose by 28% to P1.391 billion, driven by lease rate adjustments and higher operational expenditures.<\/p>\n\n\n\n

A stronger performance from associate companies also boosted profitability. MacroAsia\u2019s share in net earnings from associates rose to P731.5 million, marking an increase of P154.8 million.<\/p>\n\n\n\n

Key contributors included Lufthansa Technik Philippines, which posted P585.2 million in net income, benefitting from stronger maintenance, repair, and overhaul operations.<\/p>\n\n\n\n

Cebu Pacific Catering Services reported P30.2 million in net income, a significant jump from P7 million in 2023, fueled by a 97% surge in meal count.<\/p>\n\n\n\n

Narita-based Japan Airport Service Co. also achieved a remarkable turnaround, delivering P106.1 million in net income, reversing a P3.6 million loss from the prior year.<\/p>\n\n\n\n

\u201cMacroAsia\u2019s performance in 2024 highlights our ability to adapt and thrive in a dynamic business landscape,\u201d said Eduardo Luis Luy, MacroAsia president and chief operating officer.<\/p>\n\n\n\n

\u201cAs demand in aviation and food services continues to rise, we remain committed to expanding our footprint and enhancing operational efficiencies even beyond airports,\u201d Luy added.<\/p>\n\n\n\n

Looking ahead, MacroAsia said it is committed to enhancing its market presence and optimizing its operations to drive long-term, sustainable growth across aviation, food services, and related industries.<\/p>\n\n\n\n

As the company enters 2025, it remains confident in maintaining its upward trajectory, with anticipated revenue growth fueled by its expanding aviation services, food business, and water concessions.<\/p>\n\n\n\n

While revenue growth is expected to maintain a similar momentum as last year, MacroAsia said it remains cautious of potential cost pressures driven by external factors. The company has secured new airline clients at Ninoy Aquino International Airport (NAIA), including Air Canada and Air India, further strengthening its aviation services portfolio.<\/p>\n\n\n\n

(News Source: Port Calls<\/a>)<\/em><\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1371],"tags":[],"class_list":["post-332149","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/332149","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=332149"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/332149\/revisions"}],"predecessor-version":[{"id":332151,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/332149\/revisions\/332151"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=332149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=332149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=332149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}