Growth accelerated in the third quarter, with profit climbing 11 percent to P6.3 billion and revenues jumping 12 percent to P47.7 billion, driven by improving performance at liquor producer Emperador and township developer Megaworld.
For January to September 2026, revenues rose 6 percent to P137.6 billion, with the comparisons excluding the effects of last year's removal of McDonald's Philippine operator Golden Arches Development Corp. from AGI's consolidated financial statements.
Management's view
Tan, the president and CEO of AGI, said the stronger third quarter reflected accelerating growth across the group's two biggest businesses.
“Our spirits brands surged, and our townships kept adding income from offices, malls and hotels. We are carrying that pace into the end of the year,” Tan said.
Brandy leads the recovery
Emperador delivered the sharpest acceleration, with third-quarter revenues surging 34 percent to P17.4 billion as brandy sales jumped 48 percent and whisky sales increased 13 percent.
Its quarterly profit attributable to shareholders climbed 47 percent to P1.1 billion, although nine-month earnings rose just 2 percent to P4.8 billion despite a 14-percent increase in revenues to P47 billion.
Property and leisure add support
Megaworld's nine-month profit grew 6 percent to P19 billion, while property reservation sales increased 9 percent to P96.6 billion and revenues from hotels, malls and offices rose 12 percent, 9 percent and 7 percent, respectively.
At Newport World Resorts, operator Travellers International increased operating earnings before interest, taxes, depreciation and amortization by 8 percent to P6.1 billion, as growth in hotels, restaurants and other non-gaming businesses helped offset softer VIP casino revenues.
“With Westside Resorts Manila set to open by year-end, we are adding new leisure capacity to a Group that is already gaining momentum,” Tan said, pointing to the next major expansion of AGI's hospitality and entertainment business.
—Edited by Miguel R. Camus
