August 15, 2025 | 12:00am
MANILA, Philippines — Earnings of Alliance World Group Inc. (AGI), the conglomerate led by tycoon Andrew Tan, soared within the first half on the again of the rising contribution from its actual property enterprise and tourism-related segments.
AGI reported a 39 % year-on-year soar in its internet earnings to P19.2 billion from January to June as group revenues reached P100.9 billion, inclusive of one-time beneficial properties from the deconsolidation of its fast service eating places enterprise, Golden Arches Growth Corp. (GADC).
GADC, an organization the place AGI retains a 49 % stake, was deconsolidated in its monetary statements earlier this yr and is now handled as an affiliate.
AGI mentioned the transfer resulted in one-time beneficial properties of P3.4 billion.
Excluding such one-offs and netting out all GADC objects within the financials to permit for comparability, AGI’s normalized internet earnings rose by 19.1 % year-on-year to P15.1 billion.
Normalized consolidated revenues amounted to P87.1 billion, up by three % year-on-year, whereas attributable internet revenue hit climbed by 23 % to P10.1 billion.
“AGI delivered robust ends in the primary half of the yr, benefitting from a buoyant home financial system regardless of ongoing world uncertainty,” AGI president and CEO Kevin Tan mentioned.
Tan mentioned the group took benefit of pockets of alternatives available in the market through the interval to spice up residential and retail gross sales in addition to workplace take-up.
“Our tourism and leisure segments additionally loved elevated actions and occupancy, tapping into the rising demand for staycations and MICE occasions. Even our spirits section sustained its restoration in gross sales, a testomony to the power of its manufacturers which have been increasing their presence within the native and worldwide markets,” he mentioned.
Tan mentioned that AGI’s robust efficiency was additionally accompanied by ongoing cost-efficiency measures, which have been carried out throughout all enterprise segments.
“By managing our prices, we hope to reinforce our working leverage to make sure a extra strong progress in revenue because the financial system additional recovers,” he mentioned.
Megaworld’s attributable internet earnings rose by 25 % to P10.7 billion within the first half as strong exhibiting throughout all its enterprise segments boosted income by 10 % to P43.1 billion.
A second quarter restoration, in the meantime, helped buoy Emperador’s efficiency within the first semester, bringing consolidated income to P28.2 billion and internet earnings to homeowners to P3.9 billion.
For its half, Travellers Worldwide, the group’s leisure and tourism arm, registered an attributable earnings of P315 million on gross revenues of P18.9 billion.
AGI mentioned that Travellers intends to proceed with its value administration efforts to permit the corporate to additional improve its working effectivity transferring ahead.