Alliance Global Group, Inc. (AGI), the holding company of tycoon Dr. Andrew L. Tan, delivered a net income of P7.8 billion, a 6% increase from the normalized profit of P7.4 billion the previous year. This comparison accounts for the deconsolidation of Golden Arches Development Corp (GADC) in March 2025 and excludes one-time gains of P3.4 billion. 

Consolidated revenues reached P42.2 billion, up 1% from the normalized level of P42.0 billion, driven by growth in residential, leasing, hospitality, and spirits. Net income attributable to owners also rose by 5% to P5.2 billion.

"AGI had an optimistic start; first-quarter results reflected healthy residential sales, strong leasing revenues, sustained improvement in the hospitality business, and the nascent recovery in spirits sales. These businesses continued to perform well even against a demanding macroeconomic and geopolitical backdrop,” says Kevin L. Tan, Chief Executive Officer and President of AGI. 
 
“Our first quarter performance is supported by ongoing cost discipline, embedded in our operations. This allowed our Group to gain operating leverage, while we continue to implement our aggressive business strategies. Overall, we have maintained our financial prudence, which helps us stay on course even in this challenging environment,” Tan continues.

Megaworld, the country’s premier township developer, continued to deliver the biggest share of revenue and profit to the Group in the first quarter of the year.  Attributable net income grew by 4% to P5.3 billion from its year-ago level of P5.1 billion, resulting from sustained improvement across all its key business units, which raised consolidated revenue by 3% year-on-year to P21.6 billion.  Revenues from Megaworld Lifestyle Malls rose by 9% to P1.8 billion, buoyed by increasing foot traffic and tenant sales, a favorable tenant mix, and a rising occupancy rate that reached 95% during the quarter.  Megaworld Hotels and Resorts saw sequential revenue improve to P1.5 billion, up another 8%, supported by portfolio expansion and growing MICE activities.  Megaworld Premium Offices posted a 4% increase in rental income as it continued to lead the market in new leases and higher contract renewals.  Meanwhile, real estate sales contributed P13.3 billion in revenues, a 15% increase quarter-on-quarter, as construction progress accelerated, driven mainly by its Metro Manila projects.  EBITDA grew by 9% to P9.6 billion, reflecting the increasing contribution from its higher-margin rental assets and the impact of ongoing cost efficiencies.

Emperador chalked up a 4% year-on-year growth in attributable net income to P1.9 billion in the first three months of the year, supported by favorable product mix and continued cost management efforts.  Consolidated revenues improved to P13.4 billion, with brandy and whisky sales growing at a 6% annual clip.  The brandy segment continued to gain momentum, enjoying higher sales due to encouraging consumer shifts despite the soft domestic liquor market.  Whisky sales have shown gradual, steady improvement as the Group continues to navigate ongoing challenges in the international spirits market.  All margin metrics improved, led by the gross profit margin which saw a three-percentage-point year-on-year increase.

Travellers International, the Group’s leisure and tourism arm and owner/operator of Newport World Resorts (NWR), recorded net revenues of P7.0 billion in the first quarter, with gross revenues reaching P8.6 billion.  Gross gaming revenue amounted to P6.6 billion, as the resilient mass segment cushioned the impact of overall weakness in VIP gaming. Non-gaming revenues grew by 10% year-on-year to P2.0 billion, driven mainly by higher average hotel rates and improved retail spending within the NWR complex. Intensified cost management efforts further supported EBITDA, which reached P1.7 billion.

The Andrew Tan conglomerate 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.