Slide 1: Analysts' Briefing Nine Months 2025 Financial Results
ANALYSTS’ BRIEFING Nine Months 2025 Financial Results November 13, 2025
Slide 2: Consolidated Income Statement Highlights
Consolidated Income Statement Highlights (In Php Billions) 9M25 9M24 Inc/ (Dec) % Change REVENUES Banking 58.75 55.52 3.23 5.8% Distilled Spirits 25.04 24.54 0.50 2.0% Beverage 12.71 12.99 (0.28) (2.2%) Property Development 2.16 2.11 0.05 2.4% Tobacco - - - Total Revenues 98.66 95.16 3.50 3.7% Cost
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 9M25 9M24 9M25 % to total Inc/(Dec) % 9M24 % to total Banking 18,513 15,064 10,400 46% 1,959 23% 8,441 43% Tobacco 8,155 7,941 8,122 36% 213 3% 7,909 40% Distilled Spirits 2,398 1,509 2,385
Slide 4: Consolidated Balance Sheet Highlights
Consolidated Balance Sheet Highlights (In Php Billions) As of: Sep '25 Dec '24 Inc/(Dec) % Change Cash 166.9 223.6 (56.7) (25.4%) Total Assets 1,366.7 1,374.3 (7.6) (0.6%) Total Liabilities 1,014.4 1,044.1 (29.8) (2.9%) Total Equity 352.4 330.2 22.2 6.7% D-E Ratio 2.88 3.16 (0.28) D-E Ratio (w/o ban
Slide 5: Income Statement – Banking
Income Statement (In Php Millions) 9M25 9M24 Inc/(Dec) % As of As of As of Balance Sheet Net Interest Income (In Php Billions) Sep '25 Sep '24 Dec '24 Interest Income 52,367 50,127 2,240 4% Interest Expense 13,070 13,650 (580) (4%) COH & Due from Banks 164 214 222 39,297 36,477 2,820 8% FA at FVTOCI
Slide 6: Income Statement – Tobacco
Income Statement (In Php Millions) 9M25 9M24 Inc/(Dec) % Segment Revenue - - - Cost of Sales - - - Gross Profit - - - Equity in Net Earnings fr PMFTC 6,905 6,685 220 3% 6,905 6,685 220 3% Operating Expenses 130 129 1 1% Operating Income 6,775 6,556 219 3% Dividend income* 988 925 63 7% Other Inc./(C
Slide 7: Income Statement – Distilled Spirits
Income Statement (In Php Millions) 9M25 9M24 Inc/(Dec) % Sales Volume (liquor, cs) 17.138 17.463 (0.325) (2%) Sales Volume (bio, ltr) 29.510 31.011 (1.501) (5%) Segment Revenue 25,093 24,613 480 2% Cost of Sales 20,687 21,046 (359) (2%) Gross Profit 4,406 3,567 839 24% Gross Profit Margin 18% 14% +4
Slide 8: Income Statement – Beverage
Income Statement (In Php Millions) 9M25 9M24 Inc/(Dec) % Segment Revenue 13,446 13,791 (345) (3%) Cost of Sales 10,076 10,603 (527) (5%) Gross Profit 3,370 3,188 182 6% Gross Profit Margin 25% 23% +2%pts Operating Expenses 2,261 2,155 106 5% Operating Income 1,109 1,033 76 7% Equity in net income 56
Slide 9: Income Statement – Property Development
Income Statement (In Php Millions) 9M25 9M24 Inc/(Dec) % Segment Revenue Residential 483 312 171 55% Leasing 1,408 1,586 (178) (11%) Cost of Sales Residential 426 226 200 88% Leasing 1,003 848 155 18% Gross Profit Residential 57 86 (29) (34%) Leasing 405 738 (333) (45%) Eton City Square, Laguna Gros