ALLIANCE Global Group Inc. (AGI) remains confident about the outlook for the year despite economic headwinds given the strength of its property business and the continued expansion of its tourism and leisure portfolio.
“We entered 2026 with a strong balance sheet and sufficient liquidity across the group, which is what really matters when the outlook is uncertain like this,” President and CEO Kevin Tan said at the company’s annual stockholders’ meeting on Thursday.
While acknowledging ongoing macroeconomic pressures such as inflation, interest rate movements and softer global demand, he said that Alliance Global remained well-positioned to manage risks.
He noted that the company’s subsidiaries “each carry healthy cash positions and well-managed debt, and that gives us room to absorb shocks without compromising our growth plans.”
Tan added that their diversified portfolio continued to provide resilience amid market volatility.
“Diversification across property, spirits, and tourism, as well as across products and services, continue to work in our favor,” he said.
Megaworld Corp. remained the group’s main earnings driver, posting broad-based growth in the first quarter with net profit exceeding P6 billion.
Tan said residential demand remained backed by integrated township developments, with the office segment likewise showing resilient performance.
“Residential demand is steady, with buyers continuing to choose our integrated townships. Office leasing is resilient and growing, with Megaworld still the number one in new leases for the third straight year.”
Township expansion is also continuing, he said, noting the launch of the company’s 97-hectare Sugar Town project in Negros Occidental.
Meanwhile, he said that Travellers International Hotel Group Inc. was strengthening its position in the integrated resort and tourism sector, with growth driven by the mass market segment.
“The clearest trend in the business is the continued strength of the mass segment, and that is where we are focused while we manage the VIP side carefully,” Tan added.
He said the group was also expanding non-gaming offerings and digital gaming channels as part of a broader tourism strategy.
“We are deepening the non-gaming side of the resort with improved offerings across hotels, dining, retail, and events,” Tan said. “We are also growing our presence in the digital gaming space, which is becoming an increasingly important channel.”
He confirmed that key developments remained on track, including Westside Resorts Manila, which is scheduled to open in the fourth quarter, alongside ongoing expansion projects within Newport World Resorts.
On Emperador Inc., Tan said the company’s diversified brandy and whisky portfolio allowed it to navigate shifting global demand conditions while sustaining competitiveness.
“Emperador’s strength comes from the brands and the breadth of the portfolio,” he said.
As for capital strategy, Tan said potential warrant exercises would further strengthen the group’s balance sheet and support expansion initiatives, particularly in tourism.
“In short, [the] exercise of warrants directly funds initiatives that we expect to translate into long-term value for shareholders,” he said.
The company’s shares on Thursday rose P0.10, or 1.25 percent, to close at P8.11 each amid a 0.64-percent upturn for the benchmark Philippine Stock Exchange index.
