GT Capital Holdings Inc., the listed conglomerate led by the Ty Family, reported a record core net income of P26.0 billion for the first nine months, up 21 percent from the same period last year.

In a stock exchange report on Friday, the company attributed the growth to the contributions of its major operating units, including Metrobank, Toyota Motor Philippines (TMP), and Metro Pacific Investments Corp. (MPIC).

“As we enter the last quarter of the year, global and domestic headwinds are beginning to slow economic activity. Nonetheless, our growth momentum should allow us to post record earnings for 2025, backed by strong fundamentals,” GT Capital president Carmelo Maria Luza Bautista said.

Record net income

Metrobank posted a record P37.3-billion net income, driven by strong loan growth, higher margins and trading income.

Net interest income rose 7.1 percent to P91.8 billion, while loans and deposits grew 10.8 percent and 7.6 percent, respectively.

Non-interest income increased 5.3 percent to P25.4 billion. Operating costs rose just 1.7 percent, improving the cost-to-income ratio to 49.8 percent. Non-performing loans remained low at 1.7 percent, and total assets grew 8.9 percent to P3.6 trillion.

Toyota Motor Philippines’ income jump

TMP saw net income jump 38.1 percent to P16.8 billion, with revenues up 11.6 percent to P199.6 billion. The company held a 45.6 percent market share, selling 164,797 units, up 3.6 percent, and continued expanding sales of electrified vehicles and new 2024 models.