Lt Group, Inc. · PSE:LTG
Lt — Q1 2026 Earnings Presentation
9 slides from Lt's earnings presentation, May 12, 2026
Slide 1: Analysts' Briefing 1Q2026 Financial Results
ANALYSTS’ BRIEFING 1Q2026 Financial Results May 12, 2026
Slide 2: Consolidated Income Statement Highlights
Consolidated Income Statement Highlights (In Php Billions) 1Q26 1Q25 Inc/ (Dec) % Change REVENUES Banking 18.66 19.25 (0.59) (3.1%) Distilled Spirits 7.35 7.17 0.18 2.5% Beverage 4.05 4.09 (0.04) (1.0%) Property Development 0.72 0.64 0.08 12.5% Total Revenues 30.78 31.15 (0.37) (1.2%) Cost of Sales
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 1Q26 1Q25 1Q26 % to total Inc/(Dec) % 1Q25 % to total Banking 6,367 6,090 3,578 48% 158 5% 3,420 47% Tobacco 2,863 2,810 2,852 38% 53 2% 2,799 39% Distilled Spirits 575 528 572 8% 47 9% 525
Slide 4: Consolidated Balance Sheet Highlights
Consolidated Balance Sheet Highlights (In Php Billions) As of: Mar '26 Dec '25 Inc/(Dec) % Change Cash 195.0 221.1 (26.1) (11.8%) Total Assets 1,452.1 1,493.9 (41.8) (2.8%) Total Liabilities 1,089.4 1,133.2 (43.7) (3.9%) Total Equity 362.6 360.8 1.9 0.5% D-E Ratio 3.00 3.14 (0.14) D-E Ratio (w/o ban
Slide 5: Banking Income Statement
Income Statement (In Php Millions) 1Q26 1Q25 Inc/(Dec) % As of As of As of Balance Sheet Net Interest Income Interest Income 17,288 17,166 122 1% (In Php Billions) Mar '26 Mar '25 Dec '25 Interest Expense 3,832 4,452 (620) (14%) COH & Due from Banks 190 201 218 13,456 12,714 742 6% FA at FVTOCI (AFS
Slide 6: Tobacco Income Statement
Income Statement (In Php Millions) 1Q26 1Q25 Inc/(Dec) % Segment Revenue - - - Cost of Sales - - - Gross Profit - - - Equity in Net Earnings fr PMFTC 2,598 2,764 (166) (6%) 2,598 2,764 (166) (6%) Operating Expenses 48 46 2 4% Operating Income 2,550 2,718 (168) (6%) Dividend income* 312 - 312 Other I
Slide 7: Distilled Spirits Income Statement
Income Statement (In Php Millions) 1Q26 1Q25 Inc/(Dec) % Sales Volume (liquor, cs) 4.758 4.761 (0.003) (0%) Sales Volume (bio, ltr) 10.064 9.514 0.550 6% Segment Revenue 7,370 7,185 185 3% Cost of Sales 6,090 6,018 72 1% Gross Profit 1,280 1,167 113 10% Gross Profit Margin 17% 16% +1%pt OPERATING EX
Slide 8: Property Development Income Statement
Income Statement (In Php Millions) 1Q26 1Q25 Inc/(Dec) % Segment Revenue Residential 108 102 6 6% Leasing 480 473 7 1% Cost of Sales Residential 95 89 6 7% Leasing 278 287 (9) (3%) Gross Profit Residential 13 13 - 0% Leasing 202 186 16 9% Gross Profit Margin Eton City Square, Laguna Residential 12%
Slide 9: Beverage Income Statement
Income Statement (In Php Millions) 1Q26 1Q25 Inc/(Dec) % Segment Revenue 4,237 4,310 (73) (2%) Cost of Sales 3,385 3,266 119 4% Gross Profit 852 1,044 (192) (18%) Gross Profit Margin 20% 24% -4%pts Operating Expenses 667 737 (70) (9%) Operating Income 185 307 (122) (40%) Equity in net income 18 23 (