Conglomerate GT Capital Holdings Inc. grew its bottom line in the first three months of 2025 by a third.
MANILA, Philippines — Conglomerate GT Capital Holdings Inc. grew its bottom line in the first three months of the year by a third. This reached a record P9.14 billion.
In a stock exchange filing on Friday, the Ty family-led holding firm said this was on the back of gains from Metropolitan Bank and Trust Co. (Metrobank) and Toyota Motor Philippines Corp.
“We are pleased to report a strong first quarter, marked by exceptional financial and operational performance by our core subsidiaries,” GT Capital president Carmelo Maria Luza Bautista said in their disclosure.
Metrobank reported a 2.5-percent growth in earnings during the period to P12.3 billion. Loan growth and strong fee and trading income were attributed to this.
Toyota’s profit in the January to March period zoomed by 57.1 percent to P6.33 billion. This was thanks to retail sales volume, which climbed by a tenth to 55,513 units.
This accounted for 47.3 percent of the industry’s total sales of 117,466 vehicles during the quarter, according to GT Capital.
Developer Federal Land Inc. saw its bottom line fall 59.3 percent to P118.5 million due to lower real estate sales.
Lot sales declined, resulting in a 13.9-percent dip in property sales to P1.2 billion. Without the one-time gain from lots sold a year ago, real estate sales would have grown by 14 percent, GT Capital said in its quarterly report.
Metro Pacific Investments Corp. (MPIC), in which GT Capital holds a 20-percent stake, saw a 36-percent surge in its net income. This reached P11.5 billion on gains from its power and water businesses.