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Banking, tobacco lift LT Group's Q1 profit by 13% to P7.24 billion
Business World Philippines
|May 15, 2025
LT GROUP, Inc. reported a 13% increase in first-quarter (Q1) attributable net income to P7.24 billion from P6.42 billion a year earlier, driven by its banking, tobacco, liquor, and beverage units.
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The company's first-quarter performance represents its highest result since its follow-on public offering in 2013, LT Group said in a stock exchange disclosure on Wednesday.
Among its business units, Philippine National Bank (PNB) was the largest contributor, accounting for 47% of the total, or P3.42 billion. Fortune Tobacco Corp. (FTC) followed with 39%, contributing P2.8 billion.
Tanduay Distillers, Inc. (TDI) and Asia Brewery, Inc. (ABI) posted P525 million and P178 million in net income, respectively, accounting for 7% and 3% of the total.
Eton Properties Philippines, Inc. contributed 2% or P143 million, while Victorias Milling Co., Inc. added 2% or P154 million.
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