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Manila Bulletin devider Business devider The Stock Market devider GT Capital's financial, auto units fuel strong first three-month earnings

GT Capital's financial, auto units fuel strong first three-month earnings

Published May 16, 2025 10:28 am  |  Updated May 16, 2025 03:17 pm
The Ty family’s investment arm GT Capital Holdings, Inc. is confident of sustaining its positive momentum this year after reporting that its first quarter 2025 numbers already surpassed last year’s record performance.
In a disclosure to the Philippine Stock Exchange, the firm said its core net income grew 27 percent to ₱8.70 billion in the first quarter of 2025. This excludes non-recurring gains from lot sales.
The holding company’s consolidated net income, on the other hand, increased by 29 percent to ₱9.14 billion, driven by the performance of its core operating companies led by Metropolitan Bank & Trust Company (Metrobank) which realized a net income of ₱12.3 billion in the first quarter of 2025 and Toyota Motor Philippines Corporation (TMP) which achieved a net income of ₱6.33 billion, up 57.1 percent.
GT Capital’s earnings were also supported by its associate Metro Pacific Investments Corporation which attained a record-setting net income of ₱9.1 billion in the same period.
“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.
He noted that, “This positive momentum is driven by the continued strength of our automotive and financial services businesses, which remain to be our key engines for growth.”
“With inflationary pressures easing, consumer spending exhibiting continued traction, and a stable foreign exchange outlook, we are well-positioned to sustain this upward trajectory.
“Notably, our first quarter results have surpassed the already record-setting performance during the same period in 2024, reinforcing our confidence in GT Capital’s strategic direction and growth outlook for the rest of 2025,” Bautista added.
Metrobank’s earnings were driven by robust loan growth, strong fee and trading income, and moderating cost increase.
“Our first quarter performance keeps us on track in achieving our medium-term growth strategies even as global uncertainties continue to persist. Our strong capitalization and healthy portfolio give us and our clients the assurance on our ability to navigate the changing economic landscape,” said Metrobank President Fabian S. Dee.
TMP’s solid growth was attributed to the 11.8 percent increase in the automotive company’s retail sales volume, which reached 55,513 units for the first quarter ending March of this year.
“TMP started 2025 with a solid performance driven by the enduring trust of Filipinos in the automotive company’s core attributes of quality, durability, and reliability, and also by the broad popularity of its diverse model lineup,” TMP President Masando Hashimoto said.
He added “We expect demand for our vehicles to remain stable for the remainder of the year, due to favourable macroeconomic conditions and heightened consumer spending.”
Federal Land, Inc. reported a 49 percent increase in reservation sales to ₱5.9 billion in the first quarter, primarily driven by the strong demand of the property developer’s commercial lots and horizontal developments.
Federal Land NRE Global Inc. (FNG), which is the joint venture between Federal Land and Japan’s Nomura Real Estate Development Co., Ltd., achieved a notable 90 percent take up of commercial lots during the exclusive launch of Riverpark North, its master-planned township in Cavite.
The project was fully sold out as of May 2025 and its sequel is expected to be launched within the fourth quarter of 2025.
MPIC continued to deliver strong double-figure growth, with consolidated core net income rising to ₱6.6 billion for the first quarter of 2025, versus ₱5.6 billion in 2024.
Improved financial and operational performance across MPIC’s portfolio led to a 16 percentrise in contribution from operations to ₱7.9 billion, driven primarily by the strong growth in power generation by Meralco, higher tariffs of Maynilad, and growing patient volumes in Metro Pacific Hospitals.
AXA Philippines Life and General Insurance Corporation (AXA Philippines) reported a gross premium of ₱8.5 billion in the first quarter of 2025, up 17 percent year-on-year. Its consolidated net income stood at ₱650 million, growing 41 percent quarter-on-quarter.

Related Tags

Carmelo Maria Luza Bautista GT Capital Holdings Inc. Federal Land Inc. Metro Pacific Investments Corporation Metropolitan Bank & Trust Company Toyota Motor Philippines Corporation
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