Slide 1: Analysts' Briefing Full Year 2025 Financial Results
ANALYSTS’ BRIEFING Full Year 2025 Financial Results February 27, 2026
Slide 2: Consolidated Income Statement Highlights
Consolidated Income Statement Highlights (In Php Billions) FY25 FY24 Inc/ (Dec) % Change REVENUES Banking 79.07 75.07 4.00 5.3% Distilled Spirits 33.93 33.77 0.16 0.5% Beverage 16.85 17.19 (0.34) (2.0%) Property Development 2.93 2.93 - 0.0% Tobacco - - - Total Revenues 132.78 128.96 3.82 3.0% Cost o
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 FY25 FY24 FY25 % to total Inc/(Dec) % FY24 % to total Banking 25,342 21,178 14,262 46% 2,375 20% 11,887 41% Tobacco 11,286 12,767 11,241 36% (1,475) (12%) 12,716 44% Distilled Spirits 3,122
Slide 4: Consolidated Balance Sheet Highlights
Consolidated Balance Sheet Highlights (In Php Billions) As of: Dec '25 Dec '24 Inc/(Dec) % Change Cash 221.1 223.6 (2.5) (1.1%) Total Assets 1,493.9 1,374.3 119.6 8.7% Total Liabilities 1,133.2 1,044.1 89.0 8.5% Total Equity 360.8 330.2 30.5 9.2% D-E Ratio 3.14 3.16 (0.02) D-E Ratio (w/o bank) 0.09
Slide 5: Banking Income Statement
Income Statement (In Php Millions) FY25 FY24 Inc/(Dec) % Balance Sheet As of As of Net Interest Income Interest Income 69,680 67,459 2,221 3% (In Php Billions) Dec '25 Dec '24 Interest Expense 17,134 18,118 (984) (5%) COH & Due from Banks 218 222 52,546 49,341 3,205 6% FA at FVTOCI (AFS) 197 212 Net
Slide 6: Tobacco Income Statement
Income Statement (In Php Millions) FY25 FY24 Inc/(Dec) % Segment Revenue - - - Cost of Sales - - - Gross Profit - - - Equity in Net Earnings fr PMFTC 8,734 7,567 1,167 15% 8,734 7,567 1,167 15% Operating Expenses 184 189 (5) (3%) Operating Income 8,550 7,378 1,172 16% Dividend income* 1,863 4,347 (2
Slide 7: Distilled Spirits Income Statement
Income Statement (In Php Millions) FY25 FY24 Inc/(Dec) % Sales Volume (liquor, cs) 23.146 23.786 (0.640) (3%) Sales Volume (bio, ltr) 39.170 40.986 (1.816) (4%) Segment Revenue 34,002 33,851 151 0% Cost of Sales 28,120 28,918 (798) (3%) Gross Profit 5,882 4,933 949 19% Gross Profit Margin 17% 15% +2
Slide 8: Beverage Income Statement
Income Statement (In Php Millions) FY25 FY24 Inc/(Dec) % Segment Revenue 17,932 18,214 (282) (2%) Cost of Sales 13,562 14,135 (573) (4%) Gross Profit 4,370 4,079 291 7% Gross Profit Margin 24% 22% +2%pts Operating Expenses 3,020 2,854 166 6% Operating Income 1,350 1,225 125 10% Equity in net income
Slide 9: Property Development Income Statement
Income Statement (In Php Millions) FY25 FY24 Inc/(Dec) % Segment Revenue Residential 731 501 230 46% Leasing 1,924 2,027 (103) (5%) Cost of Sales Residential 625 434 191 44% Leasing 1,309 1,206 103 9% Gross Profit Residential 106 67 39 58% Leasing 615 821 (206) (25%) Gross Profit Margin Eton City Sq