LT Group, Inc. (LTG) posted a net income of P30.98 billion in 2025, representing a 7% increase over the Php28.92 billion reported in 2024. This achievement marks the fourth consecutive year of record-breaking financial performance for the conglomerate.
The Group’s growth was driven by robust contributions across its diverse business segments, led by its banking and tobacco arms:
-
Philippine National Bank (PNB): Contributed Php14.26 billion (46%) to the total.
-
Tobacco (FTC): Accounted for Php11.24 billion (36%).
-
Tanduay Distillers, Inc.: Added Php3.11 billion (10%).
-
Asia Brewery, Inc.: Contributed Php867 million (4%).
-
Eton Properties: Accounted for Php762 million (2%).
-
Victorias Milling Company & Others: Combined for Php739 million (2%).
Philippine National Bank (PNB) delivered a standout performance, with its standalone net income surging 20% to Php25.34 billion in 2025. This was fueled by:
-
Improved Margins: Net interest income rose 6% to Php52.55 billion, supported by a healthy net interest margin of 4.5%.
-
Efficiency: Operating expenses decreased by 1% to Php33.05 billion, largely due to improved loan portfolio quality and lower provisions for impairment.
-
Revenue Streams: Service fees and commissions grew by 6%, while trading and foreign exchange gains jumped to Php3.0 billion, up from Php1.82 billion in the previous year.
Reflecting its strong cash position, LTG rewarded its shareholders with a total of Php13.53 billion in dividends in 2025. This represents a 46.8% pay-out rate, with payments totaling Php1.25 per share distributed across four quarters (March, June, August, and November).
As of December 31, 2025, LTG maintains a solid balance sheet. The company reported a Debt-to-Equity Ratio of 0.09:1 (excluding the Bank), and the parent company held a healthy cash balance of Php2.67 billion.
