GT Capital Holdings Inc. on Wednesday reported a record 31 percent year-on-year increase in its first-half core net income to P18.1 billion, driven by strong performances from its automotive and financial services units.
Consolidated net income for the January-to-June 2025 period also grew by a record 34 percent to P18.42 billion, the conglomerate said in a statement.
The growth was largely attributed to its key operating companies: Metropolitan Bank & Trust Co. (Metrobank), which posted a net income of P24.8 billion, and Toyota Motor Philippines (TMP), which recorded a net income of P12.5 billion.
“GT Capital delivered strong financial results in the first half of 2025, fueled by record performance of our automotive and financial services businesses,” GT Capital president Carmelo Maria Luza said.
“We enter the second half with guarded confidence… encouraged by the strength and resilience of our core businesses,” said Luza.
Metrobank’s first-half net income of P24.8 billion was supported by healthy loan growth, recovering margins, robust trading income and improved cost efficiency. The bank’s pre-provision operating profit rose 16.3 percent year-on-year to P39.1 billion.
“Our first-half performance reflects the continuing strength of our core businesses,” said Metrobank president Fabian Dee.
The bank’s net interest income reached P60.0 billion, while gross loans grew 13.2 percent year-on-year. Non-interest income jumped 46.2 percent to P17.6 billion, driven by trading and foreign exchange gains.
TMP saw its net income grow a record 66 percent to P12.5 billion in the first half of 2025, with consolidated revenues increasing 19 percent to P135.6 billion.
The company attributed the performance to strong retail sales volume and a favorable foreign exchange environment. TMP maintained its position as the country’s leading automotive brand with a 46.1 percent market share.
Toyota’s electrified vehicle sales grew 42 percent in the first half, reaching 9,116 units.
“TMP’s record performance in the first half of the year is reflective of the Filipinos’… continued trust and confidence in the quality, durability, and reliability of Toyota’s products and services,” said TMP president Masando Hashimoto.
GT Capital’s wholly-owned property subsidiary, Federal Land Inc., saw its reservation sales grow 15 percent year-on-year, driven by demand for commercial lots and ready-for-occupancy properties. Its joint venture with Nomura Real Estate of Japan, Federal Land NRE Global Inc. (FNG), reported a 100 percent sell-out of commercial lots at Riverpark North in General Trias, Cavite. FNG is also set to complete the first UNIQLO logistics facility in the country by early 2026.
GT Capital’s associate, Metro Pacific Investments Corp. (MPIC), also contributed to the holding company’s performance, reporting a 20-percent increase in consolidated core net income to P15.0 billion. MPIC’s reported net income surged 36 percent to P17.0 billion, boosted by the sale of its oil storage company.
AXA Philippines Life and General Insurance Corp. reported a 14-percent growth in gross premium to P16.7 billion. The life insurance segment’s annual premium equivalent (APE) increased by 18 percent to P2.5 billion.
