LT GROUP, INC. said it could delay the planned listing by means of introduction of PNB Holdings Corp. (PHC) amid market volatility and geopolitical risks, while also reviewing capital expenditure (capex) plans.
“The initial plan was to list very, very soon. But because of the problems we see available in the market, we may potentially should push it back,” LT Group President and Chief Operating Officer Lucio C. Tan III said during a media briefing on Wednesday.
The conglomerate also said it’s reassessing plans to extend capital expenditures this 12 months as uncertainty linked to rising oil prices and global tensions weighs on the business environment.
“Going forward, we were probably expecting a bit more, but in light of all the pieces that’s happening, it’s currently being reviewed, so we may return to our historical numbers,” LT Group Chief Financial Officer Jose Gabriel D. Olives said.
He said annual capital expenditures have ranged between P6 billion and P8 billion over the past five years.
Mr. Tan said LT Group stays optimistic about its long-term growth prospects despite macroeconomic risks.
“We’re still excited concerning the growth for LTG as an entire. We’re mindful of numerous the challenges that we’ve got, but we’re confident that we are able to address all of those,” he said.
The conglomerate reported an attributable net income of P30.98 billion for 2025, up 7% and marking its fourth consecutive 12 months of record earnings. Revenues reached P132.78 billion.
Philippine National Bank (PNB) contributed P14.26 billion, or 46% of total attributable income. The bank’s net income rose 20% to P25.34 billion.
Fortune Tobacco Corp. and PMFTC contributed a combined P11.24 billion, accounting for 36% of group income.
Tanduay Distillers posted a forty five% increase in net income to P3.12 billion, while Asia Brewery reported P877 million in net income.
Eton Properties Philippines, Inc. posted P765 million in net income after real estate sales rose 46% to P731 million.
LT Group shares rose 0.53% to shut at P15.20 apiece on Wednesday. — Alexandria Grace C. Magno