The group’s consolidated net income, which includes non-core items such as lot sales, grew 29 percent to P9.14 billion.
Management’s view
“We are pleased to report a strong first quarter, marked by exceptional financial and operational performance by our core subsidiaries,” said GT Capital president Carmelo Maria Luza Bautista.
“Notably, our first quarter results have surpassed the already record-setting performance during the same period in 2024, reinforcing our confidence in GT Capital’s strategic direction and growth outlook for the rest of 2025,” he added.
The strong showing was led by Metropolitan Bank & Trust Co. (Metrobank), which earned P12.3 billion, up 8.8 percent.
Metrobank’s gains came from loan growth, strong trading and fee income, and moderating cost pressures. Gross loans expanded by 16.1 percent, and non-interest income surged 31.9 percent to P8.7 billion.
Toyota Motor Philippines Corp. (TMP) also turned in a standout quarter, with net income jumping 57.1 percent to P6.33 billion.
Vehicle sales hit 55,513 units, or 47.3 percent of industry total. TMP’s electrified vehicle sales, covering Toyota and Lexus models, rose 37 percent year-on-year.
Units to continue upward trajectory
“This positive momentum is driven by the continued strength of our automotive and financial services businesses, which remain to be our key engines for growth,” Bautista said.
“With inflationary pressures easing, consumer spending exhibiting continued traction, and a stable foreign exchange outlook, we are well-positioned to sustain this upward trajectory,” he added.
Metro Pacific Investments Corp., an associate, added further momentum with a 16-percent rise in operating income to P7.9 billion. Consolidated net income surged 49 percent to P9.1 billion, partly due to gains from the sale of its oil storage unit. Power remained its main earnings driver, followed by water and toll roads.
GT Capital’s wholly owned Federal Land saw a 49-percent increase in reservation sales to P5.9 billion. Its Cavite township project with Japan’s Nomura, Riverpark North, achieved a 90 percent take-up rate and was fully sold by May.
AXA Philippines grew its gross premiums by 17 percent year-on-year to P8.5 billion in the first quarter of 2025. Net income hit P650 million, up 41 percent from the previous quarter.
