Lucio Tan-led LT Group Inc. realized record earnings in the January to September 2025 period on the robust performances of its businesses, especially its banking unit.
The company said Thursday that the 14-percent gain in its net attributable net income, reaching P22.57 billion, was its ‘strongest nine-month and third-quarter performance since the company’s follow-on public offering.’ Philippine National Bank (PNB) continued to provide the biggest share in the group’s bottom line at P10.4 billion, followed by Fortune Tobacco Corp. (FTC) at P8.1 billion.
Tanduay
Tanduay Distillers, Inc., meanwhile, saw a sharp increase in earnings at P2.4 billion, 59 percent higher than the P1.51 billion in the same period last year. These strong financial results were on the back of higher liquor selling prices, offsetting the dip in sales volume.
Asia Brewery also reported higher income at P737 million from P715 million. Popular energy drink brand, Cobra, secured a 45 percent market share in the first nine months. Absolute and Summit bottled water brands, on the other hand, got 15 percent.
Eton Properties Philippines, Inc. reported a dip in net income at P483 million from last year’s P499 million, due to cheaper rental rates and an increase in operating expenses.