MANILA, Philippines — Alliance Global Group Inc. (AGI), the Andrew Tan-led conglomerate, reported a record-breaking net income of ₱30.6 billion for the full year of 2025, marking a 10 percent increase from the previous year. The group’s consolidated revenues reached ₱189.7 billion, fueled by the strong performance of its real estate and leisure segments despite global macroeconomic challenges.
In a stock exchange disclosure on Tuesday, April 21, 2026, the company also noted that attributable profit rose by 19 percent to ₱20.7 billion.
The conglomerate’s diverse portfolio showed resilience, with several units outperforming industry peers:
- Megaworld Corporation: Remained the largest contributor to the group’s top line. Revenues rose 5 percent to ₱85.9 billion, supported by a 10 percent increase in recurring income from its office and mall rentals. Office occupancy remained high at 87 percent, while mall occupancy stood at 91 percent.
- Travellers International (Resorts World Manila): Benefited from a rebound in the leisure and hospitality sectors, with revenues increasing 2 percent to ₱31.9 billion, driven primarily by higher gaming and hotel revenues.
- Emperador Inc.: Navigated softer global demand for spirits to post ₱57.0 billion in revenues. The unit maintained profitability through aggressive cost-efficiency measures.
- Golden Arches Development Corp. (McDonald’s Philippines): The year was marked by the deconsolidation of this unit, which is now treated as an associate. AGI retains a 49 percent stake in the venture.
While the headline figures set new records, the results were bolstered by specific financial adjustments:
- Revaluation Gains: The group recorded a ₱3.4-billion one-off gain related to revaluations and the deconsolidation of its McDonald’s unit.
- Normalized Income: Excluding these one-time gains, the company’s normalized net income grew by 2 percent to ₱27.0 billion on revenues of ₱176.3 billion.
AGI President and CEO Kevin Tan expressed “cautious optimism” for the coming year, citing the group’s focus on cost management and the pursuit of excellence across its business segments.
“Our profitability was supported by conscious cost-efficiency measures which we intend to continue implementing,” Tan said. The group is currently advancing several initiatives, including a five-year roadmap for hotel expansion and the inauguration of the Mactan Expo to further boost tourism in Cebu.
