Alliance Global Group Inc., the listed investment holding company led by tycoon Andrew Tan, reported a 60 percent surge in net income to P14.04 billion in the first half of 2025, driven largely by strong gains from its property arm Megaworld Corp.
Despite this, consolidated revenue dipped 6.1 percent year-on-year to P100.92 billion, mainly due to the deconsolidation of Golden Arches Development Corp. (GADC), which exited the group’s books in March. Excluding GADC, revenue would have posted a 3 percent increase. GADC is the master franchise holder of McDonald’s in the Philippines.
Alliance Global’s core businesses include Megaworld Corp., Emperador Distillers Inc., and Travellers International Hotel Group Inc.
Megaworld, the country’s leading township developer, accelerated its growth with P43.1 billion in consolidated revenues, P12.1 billion in net profit, and P10.7 billion in net profit attributable to the parent—rising 10 percent, 23 percent, and 25 percent year-on-year, respectively. It accounted for 43 percent of group revenue and 62 percent of net income.
Emperador, a global alcoholic beverage giant, posted modest gains despite headwinds in the global liquor market. It closed the first half with P4.0 billion in net profit, up 3 percent, and P3.9 billion in attributable profit, up 4 percent. Revenue and other income slipped 2 percent to P28.2 billion, but it still contributed 28 percent of the group’s topline and bottom line.
Meanwhile, Travellers, the group’s leisure and tourism unit, reported P15.1 billion in net revenues, down 3 percent year-on-year. However, gross profit ratio improved to 47 percent from 42 percent, thanks to cost optimization in gaming operations. It contributed 16 percent of the group’s total revenue and income.
