November 14, 2025 | 12:00am
MANILA, Philippines — Taipan Lucio Tan’s MacroAsia Corp. is projected to grow larger over the next few quarters as it bagged fresh contracts from foreign airlines and is completing new food and water projects.
In a disclosure to the Philippine Stock Exchange, MacroAsia said its profit rose by five percent to P1.02 billion in the nine months to September, from P975.9 million a year ago.
Revenue jumped by six percent to P7.41 billion, driven by the expansion in its in-flight catering, although this was partly mitigated by the 13-percent surge in expenses to P5.85 billion.
From the fourth quarter onward, MacroAsia expects the business to expand further, propelled by peak demand for air travel. The provider of aviation services bagged new contracts to supply in-flight meals to new carriers at the Ninoy Aquino International Airport (NAIA).
MacroAsia is also enhancing the capacity of its food commissary in Muntinlupa City, which will double its production volume before the end of 2026. The company will also generate additional revenues next year from its new water facilities in Bacolod, Olango Islands and Poro Point.
Aircraft maintenance, repair and overhaul service provider Lufthansa Technik Philippines (LTP) also appears headed to renew its lease in NAIA, although MacroAsia said talks are still ongoing with concerned agencies.
LTP added close to 700 workers to its workforce in the third quarter, reporting 3,914 employees as of September, from 3,216 in June.
LTP, which is 49-percent owned by MacroAsia, concluded its 25-year lease in NAIA in September, although it has flexibility to renew the contract.
However, LTP is still negotiating the renewal in hopes of securing favorable rates. Lease prices in NAIA increased by 11 times to P710 per square meter after the airport was turned over to the private sector.
LTP is viewed as a prized investor not only in NAIA, but in the Philippines as a whole, generating thousands of jobs and improving the country’s position as an aviation hub. As of September, LTP has serviced 47 aircraft from carriers across the world for line maintenance.
Currently, LTP is looking at opportunities in Clark, Pampanga, in view of the projected increase in demand for aircraft maintenance, repair and overhaul.
In spite of risks and uncertainties, MacroAsia looks to end the year on a high note, relying on the strength of its core business and expanding capacity in non-aviation services.