GT Capital nets P16.4 billion in January-June

MANILA, Philippines — GT Capital Holdings Inc., the diversified conglomerate of the Ty family, delivered lower earnings in the first half, with the group’s performance mirroring a general slowdown in economic activity.

GT Capital reported an 11-percent decline in consolidated net income to P16.41 billion in the first semester from P18.42 billion in the same period last year.

GT Capital president Carmelo Maria Luza Bautista said the group’s first half results reflect the impact of a slower macroeconomic environment.

“Nevertheless, we will approach the second half of the year with a continued focus on disciplined execution of our strategic priorities. This is supported by the stability of our investment portfolio and the strength of our balance sheet,” he said.

Despite the headwinds, the group’s operating companies showed resilience, supported by Metrobank, which reported a steady net income of P24.9 billion and Metro Pacific Investments Corp., which posted a core net income of P16 billion, up six percent year-on-year. 

Metrobank’s core businesses delivered steady earnings through continued loan growth, stable margins and modest fee income, even amid a challenging business environment for the banking industry.

“The operating environment in the first half required us to stay disciplined and focused,” Metrobank president Fabian Dee said.

“Our results reflect the strength of Metrobank’s core businesses, the continued trust of our clients and our prudent approach to balancing growth and risk. We will continue to support our clients while pursuing sustainable growth,” he said.

Toyota Motor Philippines Corp. (TMP), meanwhile, recorded a 15-percent contraction in revenues to P115.4 billion as market conditions weighed on automotive demand.

Net income for the period stood at P8.4 billion, with automotive demand slowing amid a sharp increase in global oil prices.

“While broader economic challenges weighed on automotive demand in the first half, TMP remained steadfast in advancing its multi-pathway approach to meet the evolving mobility needs of our customers,” TMP president Masando Hashimoto said.

For the remainder of 2026, Hashimoto said TMP remains committed to adapting to changing market conditions while continuing to provide Filipinos with practical, efficient and sustainable mobility solutions.

“We share the industry’s optimism that the market is on its path to recovery, supported by the encouraging sales results in June, putting us on track to reach our three-million cumulative vehicle sales target this year,” he said.

Federal Land Inc., for its part, sustained delivery momentum, steadily converting its residential pipeline into completed and delivered homes.

The company delivered on its commitment to timely project completion and turnover, completing 866 units and turning over 723 units in the first half, following 2,268 completed units and 1,146 units turned over in 2025.

For AXA Philippines, gross premiums expanded by 31 percent to P21.8 billion during the six-month period on the back of the successful execution of its strategy, built on an ambitious growth agenda and a diversified business mix.