Corporate

JG Summit Holdings Inc., the listed flagship investment holding company of the Gokongwei Group, posted a 7-percent increase in first-quarter revenues to P99.9 billion, driven by record passenger traffic at Cebu Pacific, steady demand for branded food products, and resilient contributions from its property and investment portfolio despite mounting economic headwinds.

DoubleDragon Corp. is moving ahead with its takeover of MerryMart Consumer Corp. after securing regulatory clearance, tightening its hold on the retail sector as it accelerates its transition into a diversified investment holding company.

MacroAsia Corp. reported its highest-ever quarterly revenue in the first quarter, even as rising costs and lease-related charges weighed on profitability across its aviation-linked businesses.

PHINMA Corporation reported that its net income attributable to shareholders more than doubled in the first quarter to P407.43 million from P191.27 million a year ago, driven by strong performance from its education, solar, and hospitality businesses.

Shell Pilipinas Corp. (SPC) will keep its 2026 capital spending budget at around P2 billion to P3 billion, with most of the funds allotted for upgrading import terminals and fuel infrastructure nationwide.