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Manila Bulletin devider Business devider The Stock Market devider AGI flags strong full-year on property momentum, liquor gains

AGI flags strong full-year on property momentum, liquor gains

Published Dec 8, 2025 12:00 am  |  Updated Dec 6, 2025 03:49 pm
Alliance Global Group Inc. (AGI) expects 2025 to be a strong year, boosted by robust performance from its real estate unit, Megaworld Corp., and a recovery in its liquor business, Emperador Inc., during the festive fourth quarter.
AGI President Kevin L. Tan said in an interview that Megaworld “had a very good start of the year and I think the demand continues to be strong.”
While Tan noted that there is “a lot of wait-and-see among our clients (for the residential market),” he stressed that Megaworld is having a “record-breaking year” in transactions across other segments, including retail and offices.
“Our hotels are actually doing very, very well, especially the ones in Metro Manila. So, I think overall this year will be a very good year [for Megaworld],” Tan added.
Megaworld Investor Relations Head Andy Dela Cruz confirmed the company surpassed its target of ₱20 billion in project launches for the year within the first nine months of 2025.
“We’ve already hit it. For the remainder of the year, we’re studying the real estate market demand. We’re ready to launch anytime there is demand,” he said, indicating the goal may be exceeded if market conditions allow.
Tan said the overall prospects for AGI are positive, citing the recovery in the liquor business and growth in Travellers International Hotel Group Inc.
“I just think that, maybe, if ever, there’s a little bit of headwinds on the liquor side but there is a little recovery, especially now that it’s the ‘ber’ months. I think that, overall, it should be good,” he assured.
AGI reported a 24 percent year-on-year increase in net income for the first nine months of 2025 to ₱24.8 billion. This was driven by a one-time gain and the strength of its core businesses.
Consolidated revenue for the period declined 11 percent to ₱143.4 billion from ₱161.6 billion in the same period last year.
AGI's interim performance included a one-time gain of ₱3.4 billion from the deconsolidation of its quick service restaurants unit, Golden Arches Development Corp (GADC), where AGI retains a 49 percent stake as an associate.
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