GT Capital Holdings, Inc. (GTCAP) posted a record 31 percent year-on-year increase in core net income to P18.11 billion in the first half of 2025, fueled by strong results from key units Metropolitan Bank & Trust Co. (Metrobank) and Toyota Motor Philippines (TMP).

Consolidated net income climbed 34 percent to P18.42 billion, with associate Metro Pacific Investments Corp. (MPIC) also contributing higher earnings.

Metrobank booked P24.8 billion in net income for January to June, supported by loan growth, better margins, robust trading gains, and cost efficiency. Gross loans rose 13.2 percent, while non-interest income surged 46.2 percent to P17.6 billion.

Continued strength of core businesses

“Our first half performance reflects the continuing strength of our core businesses,” Metrobank president Fabian Dee said. “As we enter the second half, we remain focused on fundamentals and prudent strategies.”

TMP’s net income jumped 66 percent to P12.5 billion, with revenues up 19 percent to P135.6 billion. The carmaker sold 111,276 units in the first half, maintaining a 46.1 percent market share, boosted by a healthy model mix, favorable foreign exchange rates, and rising sales of electrified vehicles.

“TMP’s record performance is reflective of Filipinos’ continued trust in Toyota’s quality and reliability,” TMP president Masando Hashimoto said, noting the company’s multi-pathway approach toward carbon neutrality.

Property arm Federal Land posted a 15 percent rise in reservation sales, driven by demand for commercial lots and horizontal developments in Cavite and Laguna.

JV with Nomura Real Estate

Its joint venture with Japan’s Nomura Real Estate achieved a full sell-out at Riverpark North in General Trias, Cavite, ahead of the Cavite-Laguna Expressway interchange completion.

MPIC’s core net income increased 20 percent to P15 billion, lifted by growth in its power, water, and toll road businesses, while reported net income rose 36 percent to P17 billion on the sale of its oil storage firm.

AXA Philippines contributed with a 14 percent increase in gross premiums to P16.7 billion, alongside an 18 percent growth in Annual Premium Equivalent to P2.5 billion.

“GT Capital delivered strong results in the first half of 2025, laying a solid foundation for our full-year objectives,” GT Capital president Carmelo Maria Luza said, adding the group enters the second half “with guarded confidence” amid global and domestic uncertainties.