MacroAsia Corp., the Lucio Tan Group’s (LTG) aviation and water arm, expects to sustain its 10-percent profit growth in the first nine months of the year as it enters the peak holiday travel season.

In a disclosure to the Philippine Stock Exchange (PSE), the firm said it is entering the fourth quarter with a stronger balance sheet and a diversified revenue base.

“The group expects to sustain growth momentum through the peak holiday travel season, supporting higher airline catering and ground handling volumes, as well as the expansion of institutional catering contracts and the onboarding of new foreign airline clients in its inflight kitchens by the fourth quarter of 2025,” MacroAsia said.

It noted that its ongoing food commissary expansion in Muntinlupa City will more than double production capacity by end-2026, while it pursues geographical growth through a joint venture (JV) in Cebu province that will enhance its presence in Visayas.

Meanwhile, MacroAsia’s new water treatment facilities in Bacolod City, Poro Point, and Olango Island in Cebu are scheduled to begin contributing revenues no later than the first quarter of 2026.

However, MacroAsia also continues to navigate structural developments in the aviation sector, as increased passenger volumes following the September 2024 privatization of main gateway Ninoy Aquino International Airport’s (NAIA) operations are offset by higher lease and fee structures under Manila International Airport Authority (MIAA) and new operational standards that may require additional investments in ground support equipment.

Also, ongoing negotiations for the renewal of the Philippine Economic Zone Authority (PEZA) economic zone (ecozone) lease within NAIA complex, where Lufthansa Technik Philippines (LTP) is a locator, are expected to result in higher rental costs.

Thus, “MacroAsia expects no major movement in full-year profitability, with expected headwinds for some business units and ongoing negotiations for key accounts offset by resilient demand and disciplined cost management driven by the organization’s efforts.”

From January to September this year, aviation-related businesses continued to account for roughly 78 percent of total revenues, reaffirming MacroAsia’s strategic position as a key service provider to the Philippine aviation industry.

For the nine months ended Sept. 30, 2025, MacroAsia reported that its net income reached ₱1.16 billion, representing a 14-percent increase versus the normalized nine-month 2024 net income of ₱1.02 billion, which excluded one-off gains related to the previous year.

The firm registered ₱7.41 billion in consolidated revenues, reflecting a six-percent year-on-year increase. On a normalized basis, excluding prior-year non-recurring items, the 2025 topline grew by 10 percent compared to ₱6.7 billion in normalized revenues in 2024.

The growth in 2025 is anchored on strong performance across MacroAsia’s core businesses—airline catering, ground handling, and water services—all of which continued to register higher volumes and sustained revenue expansion amid steady recovery in travel demand and increased institutional accounts.

MacroAsia reported a nine-percent increase in consolidated net income to ₱384.3 million for the third quarter of 2025, fueled by stronger aviation services, continued recovery in airline catering, institutional catering growth, and stable contributions from its water operations.

Consolidated revenues for the quarter rose 17 percent to ₱2.59 billion from ₱2.22 billion in the same period last year, reflecting steady volume gains across MacroAsia’s core business segments.

Ground handling and aviation services revenues grew 16 percent to ₱1.04 billion, driven by higher flight handling volumes and operational recovery at major airports nationwide.

In-flight and other catering revenues increased eight percent to ₱1.2 billion, supported by growing passenger traffic and the expansion of institutional catering contracts.

Water distribution revenues edged up one percent to ₱174.9 million, as new service connections complemented stable consumption in existing concession areas.

Administrative fees jumped to ₱159.8 million from ₱13.5 million last year, reflecting the recognition of lease and service arrangements during the quarter.