Alliance Global Group, Inc.delivered a record net income in 2025, supported by both steady core operations and one-off gains that lifted overall results.
Net income reached P30.6 billion, up 10 percent, while attributable profit rose 19 percent to P20.7 billion on revenue of P189.7 billion, the Andrew Tan-controlled conglomerate said in a stock exchange filing on Tuesday.
Management’s view
“Once again, the group delivered another strong financial and operating performance in 2025 despite macroeconomic headwinds. Most of our businesses surpassed peer levels, particularly in the office, retail residential, and leisure and hospitality segments,” says Kevin L. Tan, CEO at AGI.
“Our profitability was further supported by conscious cost efficiency measures which we intend to continue implementing across the business,” continues Tan.
“While we face this year with cautious optimism, we are excited to advance several initiatives that showcase our pursuit of excellence. We look forward to balancing proactive improvements with a strategic response to ongoing geopolitical and macro challenges,” Tan added.
One-offs lift headline growth
Results were bolstered by P3.4 billion in revaluation gains and the deconsolidation of Golden Arches Development Corp., now treated as an associate with AGI retaining a 49 percent stake.
Excluding these, normalized net income rose 2 percent to P27 billion on revenue of P176.3 billion, while normalized attributable profit held at P17.3 billion, reflecting steady underlying performance.
Property anchors expansion
Megaworld remained the Group’s largest contributor, with revenue rising 5 percent to P85.9 billion, driven by a 10 percent increase in recurring income.
Office rentals grew 11 percent, while malls and hotels each expanded 9 percent. Occupancy held at 87 percent for offices and 91 percent for malls. Attributable profit climbed 12 percent to P21 billion on improved efficiencies.
Leisure and spirits support mix
Travellers International, which operates Newport World Resorts, posted revenue of P31.9 billion, up 2 percent, supported by higher gaming volumes. Earnings before interest, taxes, depreciation, and amortization rose 7 percent to P9 billion, while attributable profit jumped 21 percent to P1.5 billion.
Emperador recorded revenue of P57 billion and attributable net income of P3.9 billion, supported by disciplined cost management and stronger margins despite a softer global environment.
—Edited by Miguel R. Camus
