GT Capital earnings at record high in H1

MANILA, Philippines — GT Capital Holdings Inc., the holding company of the Ty Group, posted record high results in the first half, driven by the strong performance of its key operating companies.

The conglomerate reported a 34-percent surge in net income to P18.42 billion from January to June.

“GT Capital delivered strong financial results in the first half of 2025, fueled by record performance of our automotive and financial services businesses. These achievements lay a strong foundation for meeting our full-year objectives,” GT Capital president Carmelo Maria Luza Bautista said.

Given the company’s momentum in the first half, Bautista said GT Capital is well-positioned to sustain its growth trajectory.

“We enter the second half with guarded confidence – aware of ongoing uncertainties in both domestic and global markets, yet encouraged by the strength and resilience of our core businesses,” he said.

Healthy loan growth, recovering margins, robust trading income and improving cost efficiency enabled Metrobank to attain a net income of P24.8 billion during the six-month period.

Metrobank president Fabian Dee said the bank’s first half performance reflects the continuing strength of its core businesses.

“As we enter the second half of the year, we remain focused on building on our fundamentals and implementing prudent strategies, which will allow us to continue helping our clients grow further as well as achieve our medium-term goals,” he said.

Toyota Motor Philippines (TMP), meanwhile, saw net income zoom by 66 percent to P12.5 billion as revenues accelerated by 19 percent to P135.6 billion.

The growth was attributed primarily to strong retail sales volume, healthy models mix and favorable foreign exchange movement.

“TMP’s record performance in the first half of the year is reflective of the Filipinos’ value-conscious choice – their continued trust and confidence in the quality, durability and reliability of Toyota’s products and services,” TMP president Masando Hashimoto said.

“Furthermore, we remain committed to our multi-pathway approach to carbon neutrality, emphasizing the need to provide our customers with diverse, accessible and practical mobility options as we also support the country’s sustainability goals,” he said.

Hashimoto said that TMP continues to maintain a guarded optimism in its outlook for the remainder of the year, against the backdrop of a dynamic global and local economic environment.

GT Capital’s property subsidiary Federal Land Inc., for its part, continued to leverage its strategic expansion of horizontal developments outside Metro Manila and renewed its focus on ready-for-occupancy properties across its key locations.

Federal Land saw reservation sales grow by 15 percent year-on-year on the back of robust demand for its commercial lots, horizontal developments in Cavite and Laguna and ready-for-occupancy vertical residences in Bonifacio Global City and the Manila Bay area.

As of May, Federal Land NRE Global Inc., the property company’s joint venture with Nomura Real Estate of Japan, reported a 100-percent sell-out of commercial lots at Riverpark North in General Trias.

Associate Metro Pacific Investments Corp. (MPIC) also registered a 20-percent increase in consolidated core net income to P15 billion and a 36-percent rise in reported income to P17 billion in the first half.

Improved financial and operational performance across MPIC’s portfolio drove an 18 percent jump in contribution from operations to P17.5 billion, powered by growth in Meralco’s power generation business, the implementation of higher tariffs at Maynilad and rising patient volumes across the Metro Pacific Hospitals network.

Ramped up efforts to make insurance services more accessible to its customers allowed AXA Philippines, one of the largest insurance companies in the country, to post a 14 percent growth in gross premium in the first semester to P16.7 billion.