SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

May 10, 2023

2. SEC Identification Number

34218

3. BIR Tax Identification No.

000-153-610-000

4. Exact name of issuer as specified in its charter

AYALA CORPORATION

5. Province, country or other jurisdiction of incorporation

PHILIPPINES

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

37F to 39F, Ayala Triangle Gardens Tower 2, Paseo de Roxas cor Makati Avenue, Makati City Postal Code 1226

8. Issuer's telephone number, including area code

(02) 7908-3000

9. Former name or former address, if changed since last report

NA

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Shares	619,153,181
Preferred B Series 1 Shares	20,000,000
Preferred B Series 2 Shares	30,000,000
Voting Preferred Shares	200,000,000

11. Indicate the item numbers reported herein

Item 9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Ayala CorporationAC

PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Ayala’s core net income up 61 percent in 1Q23. All-time high quarterly core net profit of P9.4 billion tops pre-pandemic levels.
Background/Description of the Disclosure
Ayala Corporation’s (“Ayala”) core net income accelerated 61 percent to P9.4 billion in the first quarter of 2023. Growth momentum from the previous quarter was sustained as most key businesses delivered strong earnings. BPI’s net earnings were up 52 percent to P12.1 billion mainly due to average asset base expansion, sustained margin growth, and lower provisions. Ayala Land’s net income grew 42 percent to P4.5 billion as its diversified portfolio generated a 26 percent revenue growth on higher contributions across its business lines. Globe’s core net income was flat at P5.1 billion as higher depreciation expenses offset the rise in data and digital service revenues. ACEN’s net income was up 5x to P2 billion resulting from higher net generation from wind sources, the commissioning of new power plants, and the company’s shift to a modest net selling merchant position. AC Energy & Infrastructure, the parent company of ACEN, grew its profit by 2.5x to P2.7 billion due to improved contributions from ACEN and recognition of pre-operating revenues from GN Power Dinginin. Including one-offs, Ayala’s net income was up 31 percent to P10.2 billion.
Other Relevant Information
Please see attached press release