The gains were driven by broad-based contributions from banking, tobacco, liquor, beverages, real estate, and sugar, underscoring the group’s diversified earnings engine.
This marks LTG’s best nine-month and third-quarter showing since its 2013 follow-on offering, reflecting sustained earnings momentum across major business units.
Philippine National Bank led with P10.40 billion, followed by Fortune Tobacco at P8.12 billion, while Tanduay and Asia Brewery added P2.39 billion and P731 million, and Eton and Victorias Milling contributed P481 million and P276 million.
PNB posted robust loan-driven interest income and lower funding costs, while Fortune Tobacco benefited from higher equity earnings from PMFTC and a 4 percent rise in industry volumes.
Tanduay delivered its best-ever nine-month results as higher selling prices and lower costs expanded margins, while Asia Brewery saw earnings edge up as improved packaging and formulation lifted gross profit.
Eton’s real estate sales surged 55 percent even as weaker leasing margins kept overall income slightly lower, and Victorias Milling added steady sugar-related gains.
LTG also paid P9.74 billion in dividends year-to-date, equivalent to a 33.6 percent payout, while maintaining a conservative balance sheet with low parent-level leverage and P3.04 billion in cash.
—Edited by Miguel R. Camus
