Strong First-Half Financials Driven by Core Businesses
GT Capital Holdings, Inc., the conglomerate led by the Ty family, has reported a significant surge in its financial performance for the second quarter and the first half of 2025. The company’s attributable net income for the second quarter saw a robust 39% increase, reaching P9.28 billion, a substantial leap from the P6.67 billion recorded in the same period last year. This impressive growth was primarily fueled by the strong contributions from its key financial services and automotive businesses. Furthermore, the company’s first-half performance was equally strong, with attributable net income rising by 34% to P18.42 billion, while consolidated revenue climbed by 17% to P176.44 billion. According to GT Capital President Carmelo Maria Luza Bautista, these achievements lay a “strong foundation for meeting our full-year objectives,” and the company remains “encouraged by the strength and resilience of our core businesses” as it enters the second half of the year.
Robust Performance Across Key Subsidiaries
The exceptional financial results for GT Capital were largely driven by the record-breaking performances of its key subsidiaries. Metropolitan Bank & Trust Co. (Metrobank) was a top contributor, posting a first-half net income of P24.8 billion, a result of healthy loan growth, recovering margins, strong trading income, and improved cost efficiency. Metrobank’s net interest income alone reached P60 billion, supported by a significant increase in its gross loans. In the automotive sector, Toyota Motor Philippines Corp. (TMP) also delivered a record-setting performance, with its first-half net income soaring by 66% to P12.5 billion. This was powered by a 19% rise in consolidated revenue, attributed to strong retail sales volume and a favorable product mix. Additionally, the real estate subsidiary, Federal Land Inc., saw a 15% increase in reservation sales, driven by robust demand for its commercial lots and ready-for-occupancy residential properties.
Diversified Portfolio and Strategic Outlook
GT Capital’s diversified business portfolio played a crucial role in its overall success during the first half of the year. Its associate company, Metro Pacific Investments Corp. (MPIC), saw a 36% jump in reported net income to P17 billion, significantly boosted by a one-time gain from the sale of its oil storage business. MPIC’s power business contributed the largest share of its net operating income, at 64%, demonstrating its importance to the group. Furthermore, the insurance arm, AXA Philippines, recorded a 14% increase in gross premium to P16.7 billion, with its life insurance segment showing strong growth. Looking ahead, the company continues to pursue strategic initiatives, such as its property joint venture with Japan’s Nomura Real Estate, which is expected to complete its first project in early 2026. This focus on a strong, diversified portfolio and strategic growth initiatives positions GT Capital to sustain its positive momentum.
