Alliance Global Group Inc. (AGI), the conglomerate led by tycoon Dr. Andrew L. Tan, announced robust financial results for the first half of 2025, driven by strong contributions from its real estate and tourism-related segments amidst resilient domestic spending.
AGI’s net income surged by 39% year-on-year (YoY) to P19.2 billion, supported by group revenues of P100.9 billion, which included one-time gains of P3.4 billion from the deconsolidation of Golden Arches Development Corp. (GADC), its quick service restaurant business. Excluding these one-offs, AGI’s normalized net income reached P15.1 billion, reflecting a 19% YoY growth, while normalized consolidated revenues amounted to P87.1 billion, a modest 3% YoY increase.
In the second quarter of 2025, AGI’s normalized consolidated revenue stood at P45.3 billion, with attributable profit rising sharply by 25% YoY to P5.3 billion.
“AGI delivered strong results in the first half of the year, benefitting from a buoyant domestic economy despite ongoing global uncertainty. Our Group capitalized on market opportunities to boost residential and retail sales, office take-up, and tourism activities. Even our spirits segment sustained its recovery, showcasing the strength of our brands in both local and international markets,” said Kevin L. Tan, President and CEO of AGI.
Key Business Highlights:
- Megaworld Corporation: The premier township developer contributed the largest share to AGI’s performance, with revenues rising 10% YoY to P43.1 billion. Real estate sales grew by 9% YoY to P27.1 billion, while office rental income jumped 17% YoY to P7.4 billion. Lifestyle malls and hotels also posted double-digit growth, supported by improving foot traffic and robust tourism activity.
- Emperador Inc.: The global brandy and Scotch whisky producer recorded a 14% quarter-on-quarter (QoQ) revenue growth in Q2 2025 to P15.0 billion, driven by strong domestic and international sales. Attributable profit grew 13% QoQ to P2.1 billion.
- Travellers International Hotel Group, Inc.: The leisure and tourism arm saw a 21% QoQ improvement in EBITDA to P2.5 billion in Q2 2025, with gross revenues reaching P9.2 billion.
Hotel occupancy remained stable at 90%, while attributable income more than doubled QoQ to P217 million.
“Our strong performance was accompanied by ongoing cost-efficiency measures across all business segments, enhancing operating leverage and ensuring robust profit growth as the economy continues to recover,” added Tan.
AGI’s diversified portfolio spans real estate developments through Megaworld Corporation, spirits manufacturing via Emperador Inc., leisure and hospitality through Travellers International, and quick service restaurants through its interest in Golden Arches Development Corporation (McDonald’s Philippines).
