Alliance Global earnings climb to P25B on gains

Alliance Global Group Inc. (AGI), the conglomerate led by tycoon Dr. Andrew L. Tan, reported a robust 24-percent year-on-year growth in net income in the first nine months of 2025 to P24.8 billion, boosted by a onetime gain and strength of its core businesses.

- By JAMES A. LOYOLA

In a disclosure to the Philippine Stock Exchange (PSE), the firm said consolidated revenue declined 11 percent to P143.4 billion from the P161.6 billion generated in the first nine months of last year.

AGI said its interim performance included onetime gain of P3.4 billion from deconsolidation of its quick-service restaurant (QSR) business, Golden Arches Development Corp. (GADC), where it retains a 49-percent stake. GADC is now treated as an associate.

This also led to a 34-percent jump in AGI’s attributable profit during the period to P17.4 billion. Core attributable net profit stood at P13.9 billion, an improvement of eight percent year-on-year.