Lucio Tan-led MacroAsia Corp. reported a net income of P1.2 billion for the first nine months of the year, a 61-percent increase compared to last year.  

In a stock exchange filing on Thursday, the company attributed the growth to robust revenue gains across multiple business segments, driven by expanded market share, new revenue streams, and sustained operational efficiency through cost-leadership strategies.  

Consolidated revenues rose to P7.0 billion, boosted by strong demand for aviation services, food products and services, and water concessions.  

“Our strong financial performance this year underscores the resilience of our business model and our strategic focus on customer satisfaction and market expansion into areas adjacent to our core business segments,” MacroAsia President and COO Eduardo Luis T. Luy said.  

“We remain agile and responsive to market dynamics, concentrating on meeting customer needs and advancing our long-term strategic goals,” he added.  

A key driver of MacroAsia’s performance was the sharp increase in net earnings from associates, which surged to P578.29 million from P369.35 million a year ago.

The growth was largely attributed to its joint venture in aircraft maintenance, repair, and overhaul through Lufthansa Technik Philippines (LTP). 

LTP reported a year-to-date net income of P975.99 million, with MacroAsia’s 49 percent share amounting to P478.24 million.  

Other associates also contributed significantly, with Japan Airport Service Co., Ltd. in Narita, Japan, adding P77.96 million, and Cebu Pacific Catering Services in Mactan, Cebu, contributing P22.10 million.  

MacroAsia’s water-related businesses also performed well, with revenues rising 10 percent to P499.90 million. 

Non-aviation revenues accounted for 23 percent of the company’s total revenues in the third quarter, supported by its water segment and non-airline food business accounts.  

As MacroAsia enters the final quarter of the year, the company remains optimistic about sustaining its growth momentum, with aviation services and food segments expected to drive continued revenue gains.