Conglomerate Alliance Global Group Inc. (AGI) on Wednesday reported a 24-percent year-on-year increase in net income to P24.8 billion in the first nine months of 2025, buoyed by the strong performance of its property unit and a one-time gain.
Excluding a P3.4-billion one-time gain from the deconsolidation of its quick service restaurant business, Golden Arches Development Corp. (GADC), AGI’s core net income still grew 10 percent to P21.2 billion. The conglomerate retains a 49-percent stake in GADC.
The core growth was led by strong performance in office and mall rentals, steady residential contributions and the resilience of its hospitality segment. Consolidated revenue rose 8 percent to P64.4 billion, supported by robust office, mall, hotel and residential revenues.
AGI president and chief executive Kevin Tan attributed the performance to the group’s diversified business portfolio and product mix.
“AGI’s robust performance in the first three quarters of the year is largely due to our diversified business portfolio and product mix. During the period, we saw a sequential improvement in office and mall rentals and steady contribution from our residential and hospitality segments,” Tan said.
Tan also noted that ongoing cost management efforts across the business provided an “added lift in group earnings and margins.”
AGI’s property unit, Megaworld Corp., remained the biggest contributor, with its net income rising 16 percent to P15.9 billion from P13.7 billion last year.
Emperador Inc., its liquor firm, reported an attributable net profit of P4.7 billion, a 2.3-percent decrease from a year ago amid soft overseas sales. Revenues for the liquor unit slipped 4.6 percent to P41.2 billion from P43.2 billion.
Travellers International Hotel Group Inc., AGI’s leisure and tourism arm, booked an attributable net income of P651 million, up 31 percent year-on-year, citing ongoing cost management initiatives.
The tourism arm recorded P28.6 billion in total gross revenue in the nine-month period, of which P23.5 billion came from gross gaming revenue (GGR) and P5.1 billion from non-gaming operations such as hotels, food and beverage.
 reports a 24 percent jump in net income to P24.8 billion for the first nine months of 2025, driven by strong property earnings from Megaworld and a one-time gain.){kind=link}