The list, now on its second edition, ranks the largest companies in the region by revenue. JG Summit reported $6.24 billion in revenues and $18.98 billion in assets for the fiscal year 2024, Fortune data showed.
The Gokongwei-led holding firm is among 40 Philippine companies featured in the regional listing, which includes major players from Indonesia, Thailand, Malaysia, Singapore, Vietnam, Cambodia, and the Philippines.
“We are honored to be recognized in the Fortune Southeast Asia 500 list as we continue to uphold our purpose, unrelenting in our commitment to providing our customers with better choices and creating shared success with our stakeholders,” said Lance Y. Gokongwei, president and CEO of JG Summit.
The recognition comes as JG Summit commemorates three and a half decades of business “operations spanning several major sectors, including food and beverage through Universal Robina Corp., real estate via Robinsons Land Corp., and aviation through budget carrier Cebu Pacific Air.
Gokongwei attributed the ranking improvement to JG Summit’s strong consumer reach and synergies within the broader Gokongwei Group. He cited the company’s ongoing strategy to enhance operational efficiency and expand its value offerings.
“Owing to our vast consumer-facing footprint, JG Summit continues to look for ways to harness its strengths... to deliver long-lasting value,” he said.
Founded by the late industrialist John Gokongwei Jr. in 1990, JG Summit has grown into one of the Philippines’ largest conglomerates, operating across multiple sectors including petrochemicals, banking, and telecommunications.
Fortune’s Southeast Asia 500 list aims to spotlight regional companies that are increasingly influencing global supply chains and industrial trends. It highlights sectors such as electric vehicles, artificial intelligence, and mining, and reflects Southeast Asia’s role as a manufacturing hub benefiting from shifts in global trade dynamics.
“The region has become a crucial manufacturing and export hub... driven by Trump-era tariffs and a pivot away from China,” said Clay Chandler, executive editor of Fortune Asia.
JG Summit’s continued inclusion in the list reinforces its standing as a key contributor to the Philippine economy, with business units catering to millions of consumers and providing thousands of jobs nationwide. —Ed: Corrie S. Narisma
