GT Capital Holdings Inc. reported a core net income of P8.7 billion in the first quarter of 2025, a 27-percent increase from the same period last year, driven by the robust performance of its core businesses in banking, automotive, and real estate.
The billionaire Ty family’s GT Capital Holdings is allocating up to P34 billion in capital spending this year, with most of the budget allocated for new investments and its automotive unit Toyota Motor Philippines.
“GT Capital’s core net income grew by 11 percent in 2024, building on the record levels achieved the previous year,” GT Capital president Carmelo Maria Luza Bautista said in a statement. “This continuous improvement reflects the group’s strong fundamentals across diversified sectors.”
The Ty family-led conglomerate GT Capital Holdings saw lower earnings during the first six months of the year due to the absence of one-time gains, while core profit rose due to robust contributions from banks, car sales, property, and infrastructure.
The Ty family’s publicly-listed GT Capital Holdings Inc. has appointed George S. Uy-Tioco Jr. as its new chief financial officer, effective immediately.