# LT Group's Nine-Month Profit Hits Record P25.82 Billion on Banking and Tobacco Gains

> LT Group's attributable net income rose 14% to a record P25.82 billion in the first nine months of 2026.

- Published: 2026-11-13T09:52:26+00:00
- Section: Earnings & Results
- Author: News Desk
- URL: https://newsforagent.com/news/2026-11-13/lt-group-record-nine-month-profit
- Source: [Inquirer](https://business.inquirer.net/620701/lt-group-posts-record-p25-82-b-9-month-profit)

## Key takeaways

- LT Group's attributable net income rose 14% to P25.82 billion in the first nine months of 2026.
- Philippine National Bank contributed P11.95 billion, or 46% of the total, and Fortune Tobacco Corp. added P9.35 billion, or 36%.
- LT Group declared P0.90 per share in dividends, a 31.4% payout rate, and held P2.82 billion in cash at the parent company.

[LT Group](https://akta.pro/company-profiles/003cfj1/lt-group) Inc. posted a record attributable net income of P25.82 billion in the first nine months of 2026, up 14 percent from P22.57 billion a year earlier, as banking and tobacco drove earnings. The [Inquirer](https://business.inquirer.net/620701/lt-group-posts-record-p25-82-b-9-month-profit) reported the results on November 13, 2026.

LT Group is a Philippine holding company controlled by Dr. Lucio C. Tan that owns banking, tobacco, beverage, spirits and real estate businesses.

## How PNB and Fortune Tobacco Drove the Result

Philippine National Bank was the biggest contributor at P11.95 billion, or 46 percent of the total. Fortune Tobacco Corp. accounted for P9.35 billion, or 36 percent.

The banking segment's net income rose 15 percent to P21.27 billion. Net interest income climbed 7 percent to P41.99 billion as the loan portfolio expanded and deposit funding costs fell, while net service fees and commission income grew 14 percent to P4.58 billion.

The tobacco segment's net income rose 15 percent to P9.39 billion on higher equity in earnings from PMFTC, in which LT Group holds a 49.6-percent interest. PMFTC raised cigarette prices in March after the annual excise tax increase, and its offtake volume rose to 16.4 billion sticks from 16.1 billion.

Tanduay Distillers Inc. contributed P2.75 billion, posting a 15 percent increase in net income to P2.76 billion as higher selling prices lifted net revenues by 7 percent to P26.84 billion. [Asia Brewery](https://akta.pro/company-profiles/000g8mv/asia-brewery) Inc. added P612 million, with net income falling to P619 million from P737 million as higher glass bottle production costs and increased distributor support squeezed margins. [Eton Properties](https://akta.pro/company-profiles/000lotc/eton-properties) Philippines Inc. contributed P543 million as stronger leasing earnings lifted net income to P545 million from P483 million. Victorias Milling Co. and other sources contributed P295 million and P316 million, respectively.

## LT Group's Dividend and Cash Position

LT Group had declared P0.90 per share in dividends for the year as of the end of September, according to akta.pro [company records](https://akta.pro/company-data). It paid out P9.74 billion, equivalent to a 31.4-percent payout rate, and the parent company held P2.82 billion in cash.

The same records show first-quarter 2026 attributable net income of PHP 7.49 billion, 3 percent higher than PHP 7.24 billion in the first quarter of 2025. Full-year 2025 consolidated attributable net income was PHP 30.98 billion, the fourth consecutive year of record earnings.

## Earlier Profit Records in 2026

LT Group reported a 14 percent increase in attributable net income for the first half of 2026, reaching P17.03 billion, the Inquirer reported in August 2026. In May 2026, Seeking Alpha noted the release of the company's 2026 first-quarter earnings call presentation.

## Companies in this story

- [LT Group company profile](https://akta.pro/company-profiles/003cfj1/lt-group) · website: https://ltg.com.ph
- [Asia Brewery company profile](https://akta.pro/company-profiles/000g8mv/asia-brewery) · website: https://asiabrewery.com
- [Eton Properties company profile](https://akta.pro/company-profiles/000lotc/eton-properties) · website: https://eton.com.ph

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