Alliance Global Group, Inc. (AGI), the holding company of tycoon Dr. Andrew L. Tan, registered a record high in net income of P30.6-billion in 2025, reflecting a 10% growth from P27.9-billion the year before. Consolidated revenue reached P189.7-billion, supported by higher contributions from real estate and leisure and entertainment.  Attributable profit stood at P20.7-billion, up by 19% year-on-year.
 
The Group’s performance reflects the deconsolidation of its quick service restaurants business, Golden Arches Development Corp (GADC), and includes one-time revaluation gains of P3.4-billion. While AGI retains a 49% stake, GADC is now treated as an associate. 

Excluding one-offs, AGI's normalized net income in 2025 rose 2% year-on-year to P27.0-billion on consolidated revenues of P176.3-billion.  Normalized attributable net profit was steady at P17.3-billion. 

“Once again, the Group delivered another strong financial and operating performance in 2025 despite macroeconomic headwinds.  Most of our businesses surpassed peer levels, particularly in the office, retail residential, and leisure and hospitality segments,” says Kevin L. Tan, chief executive officer, AGI.  
 
“Our profitability was further supported by conscious cost efficiency measures which we intend to continue implementing across the business,” continues Tan. 
 
AGI has varied interests spanning real estate developments through property giant Megaworld Corporation; spirits manufacturing through Emperador Inc.; leisure, entertainment, and hospitality through Travellers International Hotel Group, Inc.; and quick service restaurants (QSR) through Golden Arches Development Corporation (GADC), popularly known as McDonald’s Philippines.
 
Premier township developer Megaworld remained the biggest contributor to Group performance in 2025, reporting consolidated revenues of P85.9-billion, up 5% from P81.7-billion. This was driven by a 10% year-on-year increase in recurring income. Rentals from Megaworld Premier Offices grew by 11%, while revenues from its Megaworld Lifestyle Malls and Megaworld Hotels both expanded by 9%. This occurred amid high occupancy rates of 87% for its office spaces, 91% for its malls, and 60% for its Metro Manila hotels.  Real estate sales grew 2% with gross profit margins of 52%, reflecting the company’s solid pricing power.  Attributable profit grew at a faster pace of 12% to P21.0-billion from P18.7-billion a year ago, benefitting further from improving efficiencies.
 
Travellers International, the Group’s leisure and tourism arm and owner-operator of Newport World Resorts (NWR), saw net revenues improve to P31.9-billion, up by 2% from P31.3-billion the year before. This was achieved on the back of a 4% growth in net gaming revenue to P24.2-billion which cushioned the 4% decline in hotel and other revenue to P7.6-billion coming off a high base. EBITDA over the same period grew by 7% to P9.0-billion, supported by cost management efforts.  Attributable profit increased 21% to P1.5-billion, aided further by lower financial charges.
 
Emperador Inc., the world’s largest brandy company and one of the fastest-growing Scotch whisky manufacturers, reported consolidated revenues of P57.0-billion, navigating a softer global spirits environment. The Group’s performance was underpinned by the continued resilience of its core brandy business, supported by a diversified portfolio and a robust international distribution network in more than 100 countries.
 
Despite market headwinds, Emperador delivered improved operating performance, driven by disciplined cost management, stronger margins, and sustained focus on profitability. This reflects the Group’s ability to manage through cyclical pressures while strengthening the fundamentals of the business. Emperador reported an attributable net income of P3.9-billion for the period.
 
"While we face this year with cautious optimism, we are excited to advance several initiatives that showcase our pursuit of excellence.  We look forward to balancing proactive improvements with a strategic response to ongoing geopolitical and macro challenges,” Tan added.