Alliance Global Group Inc. (AGI), the holding company of businessman Andrew L. Tan, on Tuesday said its net income last year grew 10 percent to P30.6 billion in 2025 from the previous P27.9 billion, despite recording lower revenues.
Consolidated revenue fell 13 percent to P189.7 billion from the previous year’s P218.52 billion. ‘The group’s performance reflects the deconsolidation of its quick service restaurants business, Golden Arches Development Corp. (GADC), the operator of McDonalds fast food chain, and includes one-time revaluation gains of P3.4 billion.’
AGI retains a 49-percent stake while GADC is now treated as an associate. Excluding one-off items, AGI’s normalized net income in 2025 rose a mere 2 percent to P27 billion on consolidated revenues of P176.3 billion.
‘Once again, the group delivered another strong financial and operating performance in 2025 despite macroeconomic headwinds. Most of our businesses surpassed peer levels, particularly in the office, retail residential, and leisure and hospitality segments,’ Kevin Andrew L. Tan, the company’s CEO, said.
‘Our profitability was further supported by conscious cost-efficiency measures which we intend to continue implementing across the business.’ Travellers International Hotel Group Inc., the group’s delisted leisure and gaming arm which owns and operates Newport World Resorts, saw net revenues improve by 2 percent to P31.9 billion from P31.3 billion the year before.
This was achieved on the back of a 4-percent growth in net gaming revenue to P24.2 billion which cushioned the 4-percent decline in hotel and other revenue to P7.6 billion, coming off a high base.
Attributable profit increased 21 percent to P1.5 billion, it said.