Alliance Global Group Inc. (AGI), the conglomerate led by tycoon Dr. Andrew L. Tan, reported a robust 24-percent year-on-year growth in net income in the first nine months of 2025 to ₱24.8 billion, boosted by a one-time gain and strength of its core businesses.

In a disclosure to the Philippine Stock Exchange (PSE), the firm said consolidated revenue declined 11 percent to ₱143.4 billion from the ₱161.6 billion generated in the first nine months of last year.

AGI said its interim performance included one-time gain of ₱3.4 billion from deconsolidation of its quick-service restaurant (QSR) business, Golden Arches Development Corp. (GADC), where AGI retains a 49-percent stake. GADC is now treated as an associate.

This also led to a 34-percent jump in AGI’s attributable profit during the period to ₱17.4 billion. Core attributable net profit stood at ₱13.9 billion, an improvement of eight percent year-on-year.

“Even if we exclude such one-offs, AGI’s core net income would have still reflected a growth of 10 percent year-on-year to ₱21.2 billion. This was driven by the buoyant office and mall businesses, healthy contribution from the residential segment, and the resilience of the group’s hospitality business,” the company said.

“AGI’s robust performance in the first three quarters of the year is largely due to our diversified business portfolio and product mix,” said AGI Chief Executive Officer (CEO) Kevin L. Tan.

He noted that, “During the period, we saw a sequential improvement in office and mall rentals, and steady contribution from our residential and hospitality segments.”

“Meanwhile, despite the global economic challenges, our spirits business has managed to gain traction in the international market,” continued Tan.

He added that, “What provided an added lift in group earnings and margins is our ongoing cost management efforts which we have implemented across the business. As we build a culture of cost awareness, we hope to further enhance our operating efficiencies moving forward.”

Megaworld, the country’s premier township developer, remained the biggest contributor to group performance in the first nine months of the year after it recorded a net income of ₱15.9 billion, reflecting a 16-percent improvement from ₱13.7 billion the year before.

Emperador, the biggest brandy company in the global market and among the world’s fastest-growing Scotch whisky manufacturers, recorded consolidated revenue of ₱41.2 billion in the first three quarters of the year.

Travellers International, the group’s leisure and tourism arm, registered total gross revenue of ₱28.6 billion in the first nine months of the year, backed by increased foot traffic at the Newport World Resorts complex.

Of total, gross gaming revenue (GGR) contributed ₱23.5 billion, while non-gaming revenue—mainly from its hotel, food, beverage, and others—accounted for the balance of ₱5.1 billion.

In the third quarter, GGR rose by seven percent quarter-on-quarter as both mass and VIP GGR improved from the previous quarter’s levels on better win rate and steady mass volume.

Attributable net income grew markedly by 31 percent year-on-year to ₱651 million, benefitting as well from its ongoing cost management measures.