JG Summit Holdings Inc. reported a marginal 1 percent increase in consolidated net income to ₱15 billion for the first half of 2025, compared to ₱14.82 billion in the same period last year, as revenue gains across core units offset sector-specific headwinds.
Consolidated revenue rose by 3 percent to ₱194 billion, buoyed by strong consumer spending and robust activity in its airline, property, and food businesses. Second-quarter revenue alone climbed 5 percent to ₱95.9 billion, reflecting the sustained recovery in travel and domestic consumption.
President and CEO Lance Y. Gokongwei credited the topline growth to “improving consumer sentiment driven by easing inflation,” which he said also contributed to improving core earnings despite the operational halt at JG Summit Olefins Corp. due to a plant shutdown earlier in the year. He added that the company expects higher dividends from core units and investments, and remains focused on scaling into airport infrastructure, logistics, and digital finance.
Universal Robina Corp. (URC) posted a 5 percent decline in net income to ₱6.27 billion, impacted by a one-time impairment loss from the closure of its packaging division. Nevertheless, URC revenue grew 6 percent to ₱85.88 billion, supported by higher sales volumes in the Philippines, Malaysia, Indonesia, and its sugar unit.
Robinsons Land Corp. (RLC) saw a 5 percent dip in net income to ₱6.87 billion despite an 8 percent revenue increase to ₱23.03 billion. RLC cited broad-based growth across its investment and development portfolios, underscoring strong operational fundamentals and disciplined financial management. President and CEO Mybelle V. Aragon-GoBio reaffirmed RLC’s strategic focus on long-term value creation and innovation.
The parent company has assumed all debt related to JG Summit Olefins Corp., reducing overall cash burn. The LPG trading business remains operational, while management continues to explore strategic options for the petrochemicals segment.
Equity earnings provided further support: JG Summit’s share in Manila Electric Co. (Meralco) net income rose 5 percent year-on-year to ₱6.1 billion, while income from Singapore Land increased 9 percent to ₱1.5 billion, driven by improved property investments and commercial leasing performance.
The flat profit performance underscores JG Summit’s resilience in navigating macroeconomic shifts and sector-specific challenges. Continued momentum in consumer-facing units, combined with active portfolio rebalancing and infrastructure ambitions, signals a strategic pivot to long-term value growth amid an evolving post-pandemic landscape.
