Core net income for January to June 2025 rose 31 percent year-on-year to P18.11 billion, while consolidated net income climbed 34 percent to P18.42 billion.
“GT Capital delivered strong financial results in the first half of 2025, fuelled by record performance of our automotive and financial services businesses,” said GT Capital president Carmelo Maria Luza.
“These achievements lay a strong foundation for meeting our full-year objectives. We enter the second half with guarded confidence — aware of ongoing uncertainties in both domestic and global markets, yet encouraged by the strength and resilience of our core businesses. With this momentum and a sharp focus on execution, we are well-positioned to sustain our growth trajectory,” he added.
Banking giant drives earnings momentum
GT Capital, a diversified conglomerate with interests in banking, automotive, property, infrastructure, and insurance, saw flagship unit Metropolitan Bank & Trust Co. (Metrobank) contribute heavily to results.
Metrobank posted P24.8-billion in net income in the first half, lifted by strong loan growth, a rebound in margins, and a 46.2 percent jump in non-interest income.
The lender’s cost-to-income ratio improved to 50 percent as operating expenses grew modestly, while asset quality strengthened with its non-performing loan ratio easing to 1.5 percent.
Toyota accelerates sales
Toyota Motor Philippines (TMP) delivered a record P12.5-billion net income for the period, up 66 percent from last year, as revenues rose 19 percent to P135.6 billion.
Retail sales reached 111,276 units, maintaining a dominant 46.1 percent market share. Growth was driven by a healthy mix of models, strong demand for electrified vehicles, and favorable foreign exchange rates.
Property, infrastructure, and insurance add support
Property arm Federal Land saw reservation sales climb 15 percent, buoyed by strong demand for commercial lots, horizontal projects in Cavite and Laguna, and ready-for-occupancy condos in Bonifacio Global City and Manila Bay.
Infrastructure affiliate Metro Pacific Investments Corp. reported a 20-percent increase in core net income to P15 billion, boosted by higher power, water, and hospital revenues.
Insurance unit AXA Philippines also contributed, with gross premiums rising 14 percent to P16.7 billion on the back of stronger single premium and group policy sales.
GT Capital enters the second half with what it describes as “guarded confidence,” citing market uncertainties but banking on the resilience of its key businesses to sustain growth.
—Edited by Miguel R. Camus
