LT Group’s nine-month earnings rise 14 per cent to record ₱25.82 billion

LT Group Inc., the Philippine conglomerate of Lucio Tan, said attributable profit reached a record ₱25.82 billion for January–September 2026. That was a 14 per cent increase from ₱22.57 billion a year earlier, with banking, tobacco and liquor helping drive the gains.

The largest contribution came from Philippine National Bank, at ₱11.95 billion, equivalent to 46 per cent of group earnings. PNB earned ₱21.27 billion on a standalone basis, up 15 per cent. LTG linked that increase to gains in net interest income and service fees, which more than offset weaker trading gains.

Fortune Tobacco Corp. supplied ₱9.35 billion, or 36 per cent of group earnings. The tobacco segment’s net income increased 15 per cent to ₱9.39 billion as equity earnings from PMFTC rose. LTG holds a 49.6 per cent interest in PMFTC and said price increases introduced in March 2026 helped its profitability.

Tanduay Distillers Inc. accounted for 11 per cent of group earnings, contributing ₱2.75 billion. Its standalone profit rose 15 per cent to ₱2.76 billion, while net revenues grew seven per cent to ₱26.84 billion, supported by higher liquor prices.

By contrast, LTG’s beverage segment, operated through Asia Brewery Inc., recorded net income of ₱619 million, down from ₱737 million. Revenue edged up to ₱13.51 billion. Beverage sales volumes improved, but glass-bottle production costs and additional distributor support raised the cost of sales.

Eton Properties Philippines reported profit of ₱545 million against ₱483 million a year earlier, helped by higher leasing earnings. At the end of September, its leasing portfolio covered 263,100 square metres.