November 13, 2025 | 12:00am
MANILA, Philippines — Conglomerate Alliance Global Group Inc. (AGI) of tycoon Andrew Tan grew its profit by nearly a quarter from January to September, driven by strong performance of its diversified business portfolio.
AGI reported a 24-percent year-on-year growth in net income to P24.8 billion, as consolidated revenue reached P143.4 billion in nine months.
AGI said the group’s interim performance included one-time gain of P3.4-billion from the deconsolidation of its quick-service restaurants business, Golden Arches Development Corp., where the company retains a 49 percent stake.
AGI’s attributable profit during the nine-month period stood at P17.4 billion, up by 34 percent year-on-year.
Excluding one-offs, the company’s core net income rose by 10 percent year-on-year to P21.2 billion on the back of strong office and malls businesses, healthy contribution from the residential segment and the resilience of the group’s hospitality business.
AGI president and CEO Kevin Tan attributed AGI’s robust performance in the first three quarters largely to the group’s diversified business portfolio and product mix.
“During the period, we saw a sequential improvement in office and mall rentals and steady contribution from our residential and hospitality segments. Despite global economic challenges, our spirits business has managed to gain traction in the international market,” he said.
Tan said that providing an added lift in group earnings and margins was AGI’s ongoing cost management efforts, which were implemented across the business.
“As we build a culture of cost awareness, we hope to further enhance our operating efficiencies moving forward,” he said.
Megaworld remained the biggest contributor to AGI’s nine-month performance, posting a net income of P15.9 billion, up by 16 percent from P13.7 billion last year.
The property giant saw robust office, mall and hotel revenues, as well as healthy real estate sales.
Emperador, the world’s biggest brandy company, recorded an attributable net profit of P4.7 billion, with revenue reaching P41.2 billion.
The brandy segment accounted for P26.3 billion of Emperador’s total revenue, while the scotch whisky segment delivered P14.9 billion.
Travellers International, the group’s leisure and tourism arm, grew its attributable net income by 31 percent year-on-year to P651 million, benefitting from its ongoing cost management measures.
Total gross revenue for the period was at P28.6 billion, backed by increased foot traffic at the Newport World Resorts complex.