Alliance Global Group (AGI), whose portfolio includes Newport World Resorts, reported first-quarter net income of PHP 7.8bn. This marked a 6% increase from a normalized PHP 7.4bn a year earlier, as diversified operations delivered resilient performance despite macroeconomic headwinds.
Consolidated revenues reached PHP 42.2bn, a 1% increase from the comparable normalized level of PHP 42.0bn. Net income attributable to owners rose 5% to PHP 5.2bn.
Travellers International, AGI’s leisure and tourism arm and the owner and operator of Newport World Resorts, generated net revenues of PHP 7bn in the first quarter, with gross revenues of PHP 8.6bn. Gross gaming revenue totaled PHP 6.6bn, supported by a resilient mass-market segment that offset softer VIP performance. Non-gaming revenues climbed 10% year over year to PHP 2bn, driven by higher average hotel rates and improved retail spending within the integrated resort complex. EBITDA reached PHP 1.7bn, aided by intensified cost management.
Megaworld remained the largest contributor to group earnings. The township developer posted attributable net income of PHP 5.3bn, up 4%, as consolidated revenues rose 3% to PHP 21.6bn. Mall revenues increased 9% to PHP 1.8bn, while hotel revenues improved 8% to PHP 1.5bn. Real estate sales reached PHP 13.3bn, reflecting accelerated construction progress in Metro Manila projects.
Emperador also delivered solid results, with attributable net income rising 4% to PHP 1.9bn and revenues reaching PHP 13.4bn. Brandy and whisky sales grew 6% year over year, supported by improved product mix and cost discipline.
Management said ongoing operational efficiencies and financial prudence have enabled the group to maintain momentum across its core businesses amid a challenging global environment.
Comparisons exclude one-time gains of PHP 3.4bn and reflect the deconsolidation of Golden Arches Development Corp in March 2025
