MacroAsia Corp., a listed unit of the Lucio Tan Group, reported a 9 percent rise in consolidated net income to up P384.3 million in the third quarter of 2025, powered by higher aviation service volumes, solid catering recovery, and steady water operations.
Revenues climbed 17 percent to up P2.59 billion from up P2.22 billion a year ago, with all major business segments showing growth.
Ground handling and aviation services rose 16 percent to up P1.04 billion, driven by increased flight handling at key airports. In-flight and other catering revenues advanced 8 percent to up P1.20 billion on growing passenger traffic and more institutional catering contracts.
Water distribution edged up 1 percent to up P174.9 million, while administrative fees surged to up P159.8 million from up P13.5 million on new lease and service deals.
Higher activity pushed costs up 22 percent to up P2.11 billion, but MacroAsia maintained a healthy 19 percent gross margin. Total assets grew 21 percent to up P16.18 billion, with equity rising 14 percent to up P8.59 billion as of September 30, 2025.
For the first nine months, revenues reached up P7.41 billion, up 6 percent year-on-year, while net income climbed 14 percent to up P1.16 billion.
MacroAsia enters the final quarter with a stronger balance sheet and diversified revenue base. Growth drivers include the peak holiday travel season, expanded institutional catering, new airline clients, and food commissary expansion in Muntinlupa.
The company also eyes regional growth through a Cebu joint venture and new water facilities in Bacolod, Poro Point, and Olango Island.
Despite inflation, foreign exchange swings, and higher NAIA costs, MacroAsia expects steady full-year profitability backed by resilient demand and disciplined cost management.
