Aznar Shipping Profit Rises 155% in First Half

Cebu-based Aznar Shipping Corp. (ALX) said its net income rose 155 percent in the first half of 2026 as revenue more than doubled following the deployment of additional vessels.

Net income reached ₱53.19 million in the six months through June 30, from ₱20.85 million a year earlier, according to company figures.

Revenue rose 110 percent to ₱210.99 million from ₱100.59 million, while earnings before interest, taxes, depreciation and amortization increased 97 percent to ₱103.12 million from ₱52.41 million.

President and CEO Kyle Alexander C. Aznar attributed the increase mainly to the deployment of MV Manoling 6 on the Cebu-Negros Occidental route and MV Alexander 1 on the Cebu-Leyte route.

“That’s when you see the difference in performance,” Aznar told reporters at a meeting in Makati City. He said the newer vessels could carry substantially more cargo than the company’s previous vessels.