TDI posted a net income of P1.36 billion in the first half of 2025, nearly doubling the P712 million earned a year earlier — a 91-percent surge. Revenues climbed to P15.25 billion, up 4 percent from P14.63 billion in 2024, lifted by higher selling prices in its liquor segment.
Cost of sales held steady at P12.62 billion, boosting gross profit margins to 17 percent, compared with 14 percent last year.
Operating expenses fell to P886 million from P1.06 billion in 1H 2024, as advertising, promotion, and other costs declined.
Market share gains:
Tanduay grew its nationwide market share in the distilled spirits segment to 38 percent, up from 33 percent in the same period last year. The brand remained dominant in the Visayas and Mindanao, posting market shares of 68.3 percent and 81 percent, respectively.
What they’re saying:
“This milestone reflects the strength of the Tanduay brand and the loyalty of our consumers across the country,” said Lucio Tan III, president and CEO of TDI.
“By focusing on operational efficiency and brand building, we are well-positioned to sustain our leadership in the liquor industry and pursue further growth in both domestic and international markets.”
Parent company boost:
TDI’s record earnings supported LT Group’s consolidated results. LTG reported an attributable net income of P14.97 billion in the first half of 2025, up 17 percent year on year. This marks the conglomerate’s second-best first-half and second-quarter results since its follow-on public offering.
Global presence:
Founded in 1854, Tanduay has grown from a Manila-based distillery into a global powerhouse. It has retained its position as the world’s number-one rum by volume for at least eight consecutive years, selling 23.8 million case liters in 2024, ahead of Bacardi (19.7 million) and Captain Morgan (11.5 million), according to Drinks International’s Millionaires’ Club report.
Its international reach now spans North America, Europe, Asia, and beyond — including markets such as the United States, United Kingdom, China, Canada, Germany, Singapore, and the UAE. —Ed: Corrie S. Narisma
