LT Group Inc. on Friday reported a consolidated attributable net income of P30.98 billion for 2025, higher by seven percent than 2024’s P28.92 billion and marking its fourth consecutive year of record earnings.
In a statement, the Lucio Tan-led firm said Philippine National Bank (PNB) was the largest earnings contributor with P14.26 billion, followed by Fortune Tobacco Corp. at P11.24 billion while Tanduay Distillers Inc. and Asia Brewery Inc. added P3.11 billion and P867 million, respectively.
PNB posted a net income of P25.34 billion, up 20 percent from 2024, driven by higher loan volumes, improved investment yields, and stronger fee-based income, reflecting what the bank described as “a consistent achievement when excluding significant one-time gains.”
Fortune Tobacco’s net income dropped 12 percent year-on-year to P11.29 billion due to lower dividend income from PMFTC Inc., although higher equitized earnings partially offset the decline, as the total cigarette industry grew 3 percent to 46.4 billion sticks.
Tanduay Distillers achieved a 45-percent surge in net income to P3.12 billion, its sixth consecutive year of record profits, supported by higher revenues, better pricing, and cost efficiencies, despite a slight drop in sales volume.
Asia Brewery saw its net income rise to P877 million, driven by lower costs and an improved sales mix, even as revenues declined slightly due to decreased Cobra Energy Drink volumes, which still captured 45 percent of the market.
Eton Properties Philippines posted P765 million in net income, more than triple that of the previous year, bolstered by one-time gains and lower operating expenses, with real estate sales up 46 percent mainly from key projects.
As of end-December 2025, LT Group’s debt-to-equity ratio stood at 3.14 to 1 including PNB, and 0.09 to 1 excluding the bank, with the parent company holding a cash balance of P2.67 billion.
LT Group paid out a total of P13.53 billion in dividends in 2025, representing a 46.8-percent payout rate, which included regular and special dividends totaling P1.25 per share declared throughout the year.
LT Group shares on Friday fell P0.12, or 0.76 percent, to close at P15.62 each.