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Manila Bulletin devider Business devider The Stock Market devider JG Summit rises to No. 50 in Fortune Southeast Asia 500

JG Summit rises to No. 50 in Fortune Southeast Asia 500

Published Jun 25, 2025 06:27 pm
Lance Y. Gokongwei
Lance Y. Gokongwei
JG Summit Holdings, Inc., the flagship conglomerate of the Gokongwei Group, has improved its standing in the second annual Fortune Southeast Asia 500 list for 2025, a recognition that coincides with the conglomerate's 35th-anniversary celebration this year.
JG Summit ascended to No. 50 from its previous rank of No. 55 in last year's list. This improvement is based on the company's reported revenues of $6.24 billion and assets of $18.98 billion for the 2024 fiscal year.
Lance Y. Gokongwei, President & CEO of JG Summit, said, “We are honored to be recognized in the Fortune Southeast Asia 500 list as we continue to uphold our purpose, unrelenting in our commitment to providing our customers with better choices and creating shared success with our stakeholders.”
He added that this recognition affirms the vital role JG Summit plays in the Philippine economy, acting as a steady and able partner in the nation’s march towards economic progress.
The conglomerate's diverse portfolio, including Universal Robina Corporation (food and beverage), Robinsons Land Corporation (real estate), and Cebu Pacific Air (air transport), vividly reflects its contributions to the Philippines' multifaceted development.
Gokongwei noted that owing to its vast consumer-facing footprint, JG Summit continues to look for ways to harness its strengths and unlock synergies within the Gokongwei Group’s ecosystem to deliver long-lasting value.
He also acknowledged the continued patronage of its customers and the invaluable contributions and support from its employees, business partners, and shareholders, all of which enable JG Summit to chart a path towards brighter horizons for all stakeholders.
JG Summit is one of 40 Philippine companies included in the prestigious list, which features the 500 largest companies in Southeast Asia, ranked by revenue from Indonesia, Thailand, Malaysia, Singapore, Vietnam, the Philippines, and Cambodia.
Clay Chandler, Executive Editor of Fortune Asia, said, “Fortune's interest in the region reflects Southeast Asia's growing importance as an engine of global growth.”
He added that the region has become a crucial manufacturing and export hub, attracting significant capital flows, a momentum further fueled by Trump-era tariffs which have reshaped global trade dynamics and driven a shift towards Southeast Asia.

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