LBC Express returns to profit in first half of 2025

MANILA, Philippines — LBC Express Holdings Inc. (LBC) posted a net income of P181.3 million in the first half of 2025, marking a turnaround from the P190.9 million net loss recorded in the same period last year.

The results reflect the company’s steady progress in strengthening operations and adapting to market conditions as it marks its 75th year of service.

In a disclosure to the stock exchange, LBC said service revenues for the six months ended June 30, 2025, reached P6.98 billion, compared with P7.13 billion in the same period of 2024. Despite the slight dip, gross profit climbed 6% to P1.63 billion, driven by a 4% reduction in service costs and sustained demand across its logistics and money service lines.

Operating income improved 19% year-on-year to P393.8 million, while earnings before interest, taxes, depreciation and amortization (EBITDA) rose 3% to P562.4 million. Operating expenses grew modestly by 3% to P1.24 billion.

For the second quarter, LBC booked P132.6 million in net income, reversing a P131.4 million loss in the same period last year. Quarterly revenues reached P3.58 billion, with gross profit rising to P683.5 million from P663.1 million.

Logistics continued to anchor LBC’s performance, delivering 97% of first-half revenues, or P6.75 billion. Retail services contributed 67%, while corporate solution accounted for 30%. Money services generated the remaining 3%, or P232 million.

On a geographic basis, domestic operations brought in 61% of revenues, with the remaining 39% coming from LBC’s international network.

“We are on track and delivering even better results,” the company said. “Over nearly 75 years in business, we have faced our share of challenges, but each one has made us stronger. This recovery shows that our strategy is working, and we’re ready to build on this momentum for the years ahead,” said Enrique Rey Jr., LBC’s chief finance officer.

Founded in 1950, LBC has grown from a small courier service in Manila to one of the country’s largest logistics, freight and remittance networks. The company said it will continue to invest in technology, expand its reach, and strengthen its service portfolio as part of its vision to serve communities worldwide for decades to come.

Editor’s Note: This is a press release from LBC. It is published by the Advertising Content Team that is independent from our Editorial Newsroom.