Diversified conglomerate JG Summit Holdings Inc. (PSE: JGS) reported that its core net income more than doubled to P4.6 billion in the third quarter of 2025, from P2.1 billion in the same period last year. 

The strong results were driven by a turnaround in its airline operations, robust growth in property, reduced losses in its petrochemical unit, and steady contributions from its food and beverage business.

Solid Q3 showing

The company’s solid third-quarter showing brought its nine-month consolidated core income to P19.3 billion, which includes a P4.0-billion equitized gain from Pratt & Whitney for compensation related to Cebu Pacific’s grounded aircraft.

In comparison, JG Summit posted P20.3 billion in the same period last year, which included P7.9 billion in one-time bank merger gains. 

Excluding both extraordinary items, recurring core profits rose 24 percent year-on-year to P15.4 billion.

“We continue to exhibit a strong upward trajectory in recurring core profits, driven by the performance of our listed strategic business units and reduced losses from our mothballed petrochemical plant,” said JG Summit president and CEO Lance Y. Gokongwei. “With 2025 serving as a rebasing year, we are refreshing our long-term strategy with clear five-year value creation plans across our food, airline and real estate businesses.”

Across its portfolio, JG Summit recorded a 10 percent increase in total revenues excluding its petrochemical unit to P262.1 billion in the first nine months of 2025. 

Including the impact of the JG Summit Olefins Corporation (JGSOC) plant shutdown, consolidated revenues were flat at P277.5 billion.

Its airline subsidiary, Cebu Air Inc. (Cebu Pacific), nearly tripled its net income to P9.5 billion, driven by higher passenger volumes, increased cargo revenues, and compensation for grounded aircraft. 

The carrier maintained its domestic market leadership at 55 percent and expects to end the year with a 100-strong fleet as new NEO aircraft arrive.

Robinsons Land Corporation posted a 13 percent rise in revenues to P35.5 billion, supported by stronger mall and hotel demand and improving residential sales. Net income climbed 10 percent to P10.2 billion, aided by tax benefits from its REIT asset infusion.