LT Group, Inc. (LTG) has announced its best first-half financial performance to date since its follow-on offering, posting an attributable net income of Php17.03 billion for the first half of 2026. This represents a 14% increase compared to the Php14.97 billion recorded during the same period in 2025.
The robust performance was anchored by strong contributions across the conglomerate’s core banking, tobacco, liquor, and beverage segments, alongside a solid financial position and rewarding returns for shareholders.
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Attributable Net Income: Php17.03 billion (Up 14% year-on-year)
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Total Dividends Declared: Php6.49 billion (Total dividend per share of Php0.60, reflecting a 21.0% payout rate)
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Balance Sheet Strength: Debt-to-Equity Ratio stood at 2.97:1 (with the bank) and 0.09:1 (without the bank), with the parent company holding a cash balance of Php2.20 billion.
The conglomerate’s diverse portfolio continued to deliver balanced, resilient earnings:
| Segment | Contribution (Php) | Share of Total |
| Philippine National Bank (PNB) | Php8.21 billion | 48% |
| Fortune Tobacco Corporation (FTC) | Php6.13 billion | 36% |
| Tanduay Distillers, Inc. (TDI) | Php1.57 billion | 9% |
| Asia Brewery, Inc. (ABI) | Php377 million | 2% |
| Victorias Milling Company | Php295 million | 2% |
| Eton Properties Philippines, Inc. | Php290 million | 2% |
| Others | Php156 million | 1% |
1. Philippine National Bank (PNB)
The banking segment posted a net income of Php14.61 billion for 1H26, up 17% from Php12.52 billion in 1H25. Net interest income grew 7% to Php27.61 billion, driven by a 15% drop in gross interest expense due to lower funding costs on deposit liabilities. Net service fees and commission income rose 9% to Php3.06 billion, supported by bancassurance, trade-related services, and trust banking activities.
2. Fortune Tobacco Corporation (FTC)
FTC recorded a net income of Php6.16 billion, a 13% year-on-year increase propelled by higher equitized earnings from associate PMFTC. Total industry volume rose 2% to 22.5 billion sticks, with PMFTC’s offtake volume climbing to 11.0 billion sticks. PMFTC remains committed to public welfare through strict anti-underage access measures, while intensified government enforcement continues to curb illicit trade.
3. Tanduay Distillers, Inc. (TDI)
TDI achieved a net income of Php1.58 billion, 16% higher than 1H25, on the back of a 9% increase in net revenues to Php16.68 billion. TDI further solidified its market leadership, expanding its nationwide distilled spirits market share to 40.8% (up from 39.2%), while retaining dominant shares of 74.4% in Visayas and 82.4% in Mindanao.
4. Asia Brewery, Inc. (ABI)
ABI reported revenues of Php9.02 billion, up 2% year-on-year, driven by volume growth across its energy drinks and bottled water portfolios. Cobra energy drink maintained its strong position as the country’s second-largest energy drink with a 43% market share, while Absolute and Summit bottled water captured an 18% market share to rank as the third-largest local water brand.
5. Eton Properties Philippines, Inc. (Eton)
Eton posted a net income of Php291 million, normalizing from the previous year’s figures which included one-time gains. Leasing revenues grew 4% to Php949 million—representing 80% of total revenues—while real estate sales climbed 12% to Php238 million. Eton’s robust leasing portfolio spans 260,000 square meters across office, commercial, and residential spaces.
Reflecting its confidence in ongoing operational strength and strong cash flows, LTG declared total dividends of Php6.49 billion as of end-June 2026. This package includes regular dividends of Php0.15 per share alongside special dividends totaling Php0.45 per share, bringing the total dividend per share to Php0.60.
