GT Capital profit rises to P33.7B on bank, auto contributions – BusinessWorld Online
GT Capital Holdings, Inc. reported a 17% jump in 2025 consolidated net income to P33.68 billion, powered primarily by Metropolitan Bank & Trust Co. (Metrobank) and Toyota Motor Philippines (TMP). Core net income rose 8% to P30.47 billion. Management said the results highlight the group’s resilience and disciplined execution amid a complicated political and economic backdrop.
Banking drives earnings momentum
Metrobank delivered a record P49.7 billion in net income for 2025, marking its fourth straight year of all-time highs. The performance was underpinned by healthy loan expansion and trading gains. Pre-provision operating profit increased 17.1% year on year to P78.4 billion, while net interest income grew 9.2% to P124.6 billion. The bank emphasized continued balance sheet strength and its commitment to supporting borrowers across the corporate and consumer segments.
Auto segment maintains market leadership
TMP’s 2025 net income climbed 18.9% to P19 billion, aided by a 5.2% rise in retail sales to 229,447 units, with strong demand for the Vios and Avanza. The company ended the year with a 46.7% market share, extending its run to a 24th consecutive Triple Crown by leading passenger cars, commercial vehicles, and overall market categories.
Electrified vehicles accounted for 8.5% of TMP’s total volume in 2025, a substantial increase from 0.33% in 2020, led by hybrid models such as the Zenix, Yaris Cross, and Corolla Cross. TMP said it will keep offering a full lineup—from fuel-efficient internal-combustion vehicles to full-electric options—to address shifting fuel costs and varied customer needs. For 2026, the company targets maintaining around a 46% market share and plans to roll out five additional models.
Property arm and joint ventures advance pipeline
Federal Land, Inc., GT Capital’s wholly owned property subsidiary, reported P522.3 million in net income for 2025. The company cited steady contributions from joint ventures, including projects in Bonifacio Global City such as The Seasons Residences and the Grand Hyatt hotel and residences, as well as The Estate Makati—designed by Norman Foster and developed in partnership with SM Development Corp.—which are building momentum toward targeted completion by early 2027.
In 2025, Federal Land completed and turned over five towers across Manila, Pasig, Marikina, Pasay, and Taguig. Federal Land NRE Global, Inc., its joint venture with Nomura Real Estate Development of Japan, sold out the first-phase commercial lots of Riverpark North and continued work on the UNIQLO Logistics Facility with Fast Retailing Philippines, slated to open in early 2026.
Other portfolio contributors
Associate Metro Pacific Investments Corp. posted a 15% increase in consolidated core net income to P27.1 billion in 2025, supported by the power, water, and toll road businesses. AXA Philippines Life and General Insurance Corp. recorded consolidated net income of P2.5 billion.
Outlook: disciplined but opportunistic
GT Capital said it will remain prudent and vigilant while positioning to capture growth opportunities across its core sectors. The group highlighted continued focus on capital allocation, execution, and operational efficiency, aiming to navigate near-term challenges and drive long-term value creation as conditions improve.
Analyst view and market reaction
According to Unicapital Securities, Inc. Research, GT Capital’s 2025 performance reflects firm bank lending and resilient auto demand, but these drivers could moderate this year. Potential headwinds include the lagged impact of prior rate cuts on bank margins, normalization in vehicle sales after a strong year, higher oil prices, and ongoing geopolitical tensions that may weigh on demand and operating costs. These factors could also influence inflation and interest-rate volatility, with knock-on effects on consumer spending and credit growth.
GT Capital shares rose 1.18% to P515 apiece at the local bourse on Thursday.
