Tovic Salvador

LT Group net income up 13 percent in first quarter of 2025

Article (news)

Benise Balaoing

ABS-CBN News

<p>MANILA -- The LT Group Inc. said it posted a net income of P7.24 billion in the first quarter of 2025, up 13 percent from figures seen in the same period last year.</p><p>In a statement, LT Group said its Philippine National Bank (PNB) saw net profit reach P6.09 billion, up 15 percent from the P5.31 billion in the first quarter of 2024.</p><p>This growth came from higher yields and more volumes in trading and investment
securities, the compamny said.</p><p>Fortune Tobacco Corporation, meanwhile, saw its net income climb 6 percent to P2.81 billion. Meanwhile, Tanduay Distillers said net income more than doubled to P528 million from P255 million because of more sales and higher selling prices of liquor.</p><p>Asia Brewery, meanwhile, saw its net income jump to P178 million as Cobra became the leading energy drink in the first quarter of the year.  Absolute
and Summit were also among the top bottled water brands in the country during the period, the company said.</p><p>Meanwhile, LT Group&#x27;s property arm Eton Properties Philippines also saw its net income inch up to P144 million from P116 million the year before.</p><div><a href="https://www.abs-cbn.com/business/2024/5/7/lucio-tan-iii-says-lt-group-cautiously-optimistic-in-2024-1138" rel="noopener noreferrer" target="_blank">Lucio Tan III steers LT Group into new era, says firm ‘cautiously optimistic’ in 2024</a></div><div><strong>RELATED STORY:</strong></div><div><span class="fr-video fr-deletable fr-fvc fr-dvb fr-draggable" contenteditable="false" draggable="true"><iframe width="640" height="360" src="https://www.youtube.com/embed/R5E1IHmUQcg?&amp;ab_channel=ANC24%2F7autoplay=1&amp;wmode=opaque&amp;rel=0" frameBorder="0" allowfullscreen="" class="fr-draggable"></iframe></span><br/></div>

<p>The LT Group Inc. said it posted a net income of P7.24 billion in the first quarter of 2025, up 13 percent from last year's figures.</p>

The LT Group Inc. said it posted a net income of P7.24 billion in the first quarter of 2025, up 13 percent from last year's figures.