LT Group Inc. (LTG) reported a record attributable net income of P25.82 billion in the first nine months of 2026, up 14 percent from P22.57 billion a year earlier, driven by higher earnings from its banking, tobacco and liquor businesses.
In a disclosure on Thursday, the conglomerate said Philippine National Bank (PNB) accounted for the largest share of earnings at P11.95 billion, or 46 percent of the total.
Its tobacco business, through Fortune Tobacco Corp. (FTC), contributed P9.35 billion, equivalent to 36 percent.
Tanduay Distillers Inc. added P2.75 billion, accounting for 11 percent, while Asia Brewery Inc. contributed P612 million, or 3 percent.
Meanwhile, Eton Properties Philippines Inc. accounted for P543 million, while Victorias Milling Co. contributed P295 million.
PNB’s net income rose 15 percent to P21.27 billion from P18.51 billion, supported by higher net interest income and service fees.
The bank’s net interest income increased 7 percent to P41.99 billion, as gross interest income grew 2 percent to P53.42 billion and interest expenses declined 13 percent to P11.42 billion.
Net service fees and commission income also climbed 14 percent to P4.58 billion, supported by higher revenues from bancassurance, credit cards, trade-related services, remittances and trust banking.
These gains were partly offset by an 81-percent decline in combined trading, investment securities and foreign exchange gains to P315 million from P1.62 billion a year earlier.
FTC’s net income increased 15 percent to P9.39 billion from P8.16 billion, mainly due to higher equity earnings from Philippine-Malaysia joint venture PMFTC Inc., in which the group holds a 49.6-percent interest.
PMFTC’s profitability benefited from cigarette price increases implemented in March, in line with the annual excise tax adjustment.
Its offtake volume rose to 16.4 billion sticks from 16.1 billion sticks, while total industry volume reached 33.8 billion sticks, up 2 percent.
Tanduay’s net income grew 15 percent to P2.76 billion from P2.4 billion, as revenues increased 7 percent to P26.84 billion on higher selling prices.
The liquor maker’s nationwide market share rose to 40.4 percent from 39.7 percent in the same period last year, based on Nielsen retail offtake data.
Meanwhile, Asia Brewery’s net income declined to P619 million from P737 million, despite a slight increase in revenues to P13.51 billion from P13.45 billion.
Eton Properties posted a 13-percent increase in net income to P545 million from P483 million, driven by stronger earnings from its leasing business.
Leasing revenues inched up 1 percent to P1.42 billion and accounted for 80 percent of total revenues.
On Friday, LT Group’s share price rose by 10 centavos to close at P15.32 apiece.
