November 15, 2025 | 12:00am
MANILA, Philippines — LT Group Inc. has delivered its strongest nine-month performance since the company’s follow-on public offering, with attributable net income rising by 14 percent year-on-year to P22.57 billion.
Philippine National Bank (PNB) contributed nearly half or 46 percent of the group’s attributable earnings, followed by Fortune Tobacco Corp. which contributed 36 percent, Tanduay Distillers Inc. at 11 percent and Asia Brewery Inc. at four percent.
PNB’s net income stood at P18.51 billion for the nine-month period, 23 percent higher year-on-year, while Fortune Tobacco’s net income improved by three percent to P8.16 billion.
Tanduay also delivered its best nine-month results to date, with net income surging by 59 percent to P2.40 billion.
The growth was primarily attributed to higher liquor selling prices, which offset lower sales volume of liquor and bioethanol.
Asia Brewery’s net income likewise improved to P737 million during the nine-month period from P715 million a year ago.
Cobra energy drink had 45 percent of the market during the period, while Absolute and Summit bottled water together held 15 percent, making it the third most popular local water brand.
Eton Properties Philippines Inc., meanwhile, reported a net income of P483 million, lower than the P499 million for the same period last year on account of lower margins from the leasing business resulting from lower rental rates and higher operating costs.
