Slide 1: Analysts' Briefing 1H2026 Financial Results
ANALYSTS’ BRIEFING 1H2026 Financial Results August 11, 2026
Slide 2: Consolidated Income Statement Highlights
Consolidated Income Statement Highlights (In Php Billions) 1H26 1H25 Inc/ (Dec) % Change REVENUES Banking 38.70 38.91 (0.21) (0.5%) Distilled Spirits 16.64 15.21 1.43 9.4% Beverage 8.69 8.44 0.25 3.0% Property Development 1.46 1.25 0.21 16.8% Total Revenues 65.49 63.81 1.68 2.6% Cost of Sales 29.75
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 1H26 1H25 1H26 % to total Inc/(Dec) % 1H25 % to total Banking 14,613 12,517 8,213 48% 1,180 17% 7,033 47% Tobacco 6,157 5,461 6,132 36% 693 13% 5,439 36% Distilled Spirits 1,575 1,358 1,567
Slide 4: Consolidated Balance Sheet Highlights
Consolidated Balance Sheet Highlights (In Php Billions) As of: Jun '26 Dec '25 Inc/(Dec) % Change Cash 219.2 221.1 (1.8) (0.8%) Total Assets 1,474.3 1,493.9 (19.7) (1.3%) Total Liabilities 1,102.6 1,133.2 (30.5) (2.7%) Total Equity 371.6 360.8 10.9 3.0% D-E Ratio 2.97 3.14 (0.17) D-E Ratio (w/o bank
Slide 5: Banking Income Statement
Income Statement (In Php Millions) 1H26 1H25 Inc/(Dec) % As of As of As of Balance Sheet Net Interest Income (In Php Billions) Jun '26 Jun '25 Dec '25 Interest Income 35,141 34,633 508 1% COH & Due from Banks 214 186 218 Interest Expense 7,527 8,867 (1,340) (15%) FA at FVTOCI (AFS) 180 237 197 27,61
Slide 6: Tobacco Income Statement
Income Statement (In Php Millions) 1H26 1H25 Inc/(Dec) % Segment Revenue - - - Cost of Sales - - - Gross Profit - - - Equity in Net Earnings fr PMFTC 5,874 4,869 1,005 21% 5,874 4,869 1,005 21% Operating Expenses 95 90 5 6% Operating Income 5,779 4,779 1,000 21% Dividend income* 300 433 (133) (31%)
Slide 7: Distilled Spirits Income Statement
Income Statement (In Php Millions) 1H26 1H25 Inc/(Dec) % Sales Volume (liquor, cs) 10.717 10.316 0.401 4% Sales Volume (bio, ltr) 19.072 19.365 (0.293) (2%) Segment Revenue 16,682 15,245 1,437 9% Cost of Sales 13,607 12,624 983 8% Gross Profit 3,075 2,621 454 17% Gross Profit Margin 18% 17% +1%pt OP
Slide 8: Beverage Income Statement
Income Statement (In Php Millions) 1H26 1H25 Inc/(Dec) % Segment Revenue 9,018 8,844 174 2% Cost of Sales 7,043 6,596 447 7% Gross Profit 1,975 2,248 (273) (12%) Gross Profit Margin 22% 25% -3%pts Operating Expenses 1,410 1,499 (89) (6%) Operating Income 565 749 (184) (25%) Equity in net income 45 3
Slide 9: Property Development Income Statement
Income Statement (In Php Millions) 1H26 1H25 Inc/(Dec) % Segment Revenue Residential 238 212 26 12% Leasing 949 916 33 4% Cost of Sales Residential 210 237 (27) (11%) Leasing 596 668 (72) (11%) Gross Profit Residential 28 (25) 53 212% Leasing 353 248 105 42% Gross Profit Margin Eton City Square, Lag