This exceptional growth was driven by increased sales volumes and strategic pricing, with total segment revenues rising 13 percent to P33.85 billion, the company said in a statement.
Solid hold in Visayas, Mindanao
Despite economic challenges such as inflation and weather-related impacts on consumer spending, TDI solidified its stronghold in the Visayas and Mindanao regions—achieving dominant market shares of 70.6 percent and 79.6 percent, respectively. However, TDI's nationwide market share for distilled spirits slipped slightly to 32.2 percent from 32.9 percent in 2023 amid intensifying industry competition.
TDI also made a decisive move to sharpen its operational focus by divesting its interest in Asian Alcohol Corp. for P1.8 billion. The transaction, finalized in October 2024, includes an upfront cash payment of P480 million and is set over a four-year payment term. This aligns with TDI’s long-term vision of streamlining its portfolio and improving efficiency.
Contribution to LTG performance
The liquor maker’s performance significantly bolstered the financial results of its parent firm, LT Group Inc. (LTG), contributing P2.14 billion—or 7 percent—to the conglomerate’s record net income of P28.92 billion, a 14-percent increase from 2023.
Other LTG subsidiaries also posted strong results. Fortune Tobacco Corp. reported a P12.77-billion net income, driven by higher dividends and forex gains, while Philippine National Bank registered an 11-percent profit growth to P21.18 billion. Asia Brewery Inc. saw a 46-percent rise in net income to P841 million, while Victorias Milling Co. added P492 million to LTG’s earnings. Eton Properties, however, suffered a 53-percent drop in profits.
Dividend
Reflecting its robust performance, LTG declared a special cash dividend of P0.35 per share in November, bringing the year’s total dividend payout to P1.25 per share or P13.53 billion—representing a 53.2-percent payout rate. —Ed: Corrie S. Narisma
