Slide 1: Analysts' Briefing: 1st Half 2025 Financial Results
ANALYSTS’ BRIEFING 1st Half 2025 Financial Results August 12, 2025
Slide 2: Consolidated Income Statement Highlights
Consolidated Income Statement Highlights (In Php Billions) 1H25 1H24 Inc/ (Dec) % Change REVENUES Banking 38.91 36.35 2.56 7.0% Distilled Spirits 15.21 14.58 0.63 4.3% Beverage 8.44 8.95 (0.51) (5.7%) Property Development 1.25 1.25 - 0.0% Tobacco - - - Total Revenues 63.81 61.13 2.68 4.4% Cost of Sa
Slide 3: Net Income by Segment
Net Income by Segment (In Php Millions, except EPS) Net Income LTG's Share in Net Income Y-o-Y Change Segment 1H25 1H24 1H25 % to total Inc/(Dec) % 1H24 % to total Banking 12,517 10,290 7,033 47% 1,265 22% 5,768 45% Tobacco 5,461 4,891 5,439 36% 568 12% 4,871 38% Distilled Spirits 1,358 712 1,353 9%
Slide 4: Consolidated Balance Sheet Highlights
Consolidated Balance Sheet Highlights (In Php Billions) As of: Jun '25 Dec '24 Inc/(Dec) % Change Cash 189.6 223.6 (34.0) (15.2%) Total Assets 1,412.7 1,374.3 38.4 2.8% Total Liabilities 1,069.5 1,044.1 25.3 2.4% Total Equity 343.2 330.2 13.0 3.9% D-E Ratio 3.12 3.16 (0.04) D-E Ratio (w/o bank) 0.11
Slide 5: Income Statement (Banking)
Income Statement Balance Sheet As of As of As of (In Php Millions) 1H25 1H24 Inc/(Dec) % Net Interest Income (In Php Billions) Jun '25 Jun '24 Dec '24 Interest Income 34,633 32,969 1,664 5% COH & Due from Banks 186 265 222 Interest Expense 8,867 8,939 (72) (1%) FA at FVTOCI (AFS) 237 167 212 25,766
Slide 6: Income Statement (Tobacco)
Income Statement (In Php Millions) 1H25 1H24 Inc/(Dec) % Segment Revenue - - - Cost of Sales - - - Gross Profit - - - Equity in Net Earnings fr PMFTC 4,869 4,433 436 10% 4,869 4,433 436 10% Operating Expenses 90 87 3 3% Operating Income 4,779 4,346 433 10% Dividend income* 433 238 195 82% Other Inc.
Slide 7: Income Statement (Distilled Spirits)
Income Statement (In Php Millions) 1H25 1H24 Inc/(Dec) % Sales Volume (liquor, cs) 10.316 10.489 (0.173) (2%) Sales Volume (bio, ltr) 19.365 20.724 (1.359) (7%) Segment Revenue 15,245 14,628 617 4% Cost of Sales 12,624 12,626 (2) (0%) Gross Profit 2,621 2,002 619 31% Gross Profit Margin 17% 14% +3%p
Slide 8: Income Statement (Beverage)
Income Statement (In Php Millions) 1H25 1H24 Inc/(Dec) % Segment Revenue 8,844 9,403 (559) (6%) Cost of Sales 6,596 7,289 (693) (10%) Gross Profit 2,248 2,114 134 6% Gross Profit Margin 25% 22% +3%pts Operating Expenses 1,499 1,376 123 9% Operating Income 749 738 11 1% Equity in net income 36 32 4 1
Slide 9: Income Statement (Property Development)
Income Statement (In Php Millions) 1H25 1H24 Inc/(Dec) % Segment Revenue Residential 212 105 107 102% Leasing 916 1,005 (89) (9%) Cost of Sales Residential 237 61 176 289% Leasing 668 524 144 27% Gross Profit Residential (25) 44 (69) (157%) Leasing 248 481 (233) (48%) Eton City Square, Laguna Gross