Alliance Global Reports 5% Profit Increase Driven by Spirits and Property Growth

Alliance Global Group Inc. (AGI), a major Philippine conglomerate led by tycoon Andrew Tan, reported a net income of P22.3 billion for the first nine months of 2026, reflecting a 5% increase from the same period last year. This growth has been attributed to stronger sales in its spirits division and a resurgence in its property leasing and hospitality businesses, as detailed in the company's recent financial disclosures.

In the third quarter alone, AGI's net income rose 11% year-on-year to P6.3 billion, with consolidated revenues increasing by 12% to P47.7 billion. These figures were adjusted to exclude one-time gains from the deconsolidation of Golden Arches Development Corp. (GADC) in 2025, which had previously impacted financial comparisons.

Net income attributable to owners of the parent company increased by six percent year-on-year to P14.7 billion in the January-to-September period. For the third quarter alone, it climbed 18 percent to P3.9 billion.

AGI President and CEO Kevin Tan highlighted the synergistic growth of the group's major sectors, noting that the third quarter showed the strength of what the group can do when its two largest businesses accelerate together. The spirits business, Emperador Inc., was a key driver of this growth, reporting a 34% increase in consolidated revenues to P17.4 billion and a 47% rise in attributable net income to P1.1 billion for the third quarter.

Brandy sales surged by 48% during this period, largely fueled by the popularity of brands such as CLVB Emperador and Fundador Super Special, while whisky revenues grew by 13%, supported by a strong demand for its single malt offerings in international markets. For the first nine months, Emperador’s consolidated revenues increased 14% to P47 billion, with brandy revenues growing 17% to P30.8 billion and whisky revenues rising 9% to P16.3 billion.

“Kevin Tan said the third quarter showed the strength of what the group can do when its two largest businesses accelerate together.”Kevin Tan, President and CEO

In the property segment, Megaworld Corporation, AGI's real estate arm, reported a 6% increase in net income to P19 billion on consolidated revenues of P66.5 billion. The company noted a robust performance in its recurring income businesses, with hotel revenues rising 14% and rental income growing by 9% in the third quarter. For the nine-month period, hotel revenues increased 12% to P4.6 billion. Reservation sales for Megaworld also rose by 9% year-on-year to P96.6 billion, indicating strong demand for its township developments.

Meanwhile, Travellers International Hotel Group Inc., which operates Newport World Resorts, recorded net revenues of P23.1 billion in the first nine months, with earnings before interest, taxes, depreciation, and amortization (EBITDA) increasing by 8% to P6.1 billion. The leisure and tourism segment experienced a 16% increase in non-gaming revenues, which helped offset a decline in VIP gaming revenue.

AGI also said Westside Resorts Manila, its upcoming integrated resort development, is scheduled to open by the end of 2026.

AGI's shares closed at P8.79 each, down 1.12% on the stock market.