MANILA, Philippines – LBC Express Holdings Inc. (LBC) posted a net income of ₱181.3 million in the first half of 2025, marking a turnaround from the ₱190.9 million net loss recorded in the same period last year. The results reflect the company’s steady progress in strengthening operations and adapting to market conditions as it marks its 75th year of service.
In a disclosure to the stock exchange, LBC said service revenues for the six months ended June 30, 2025, reached ₱6.98 billion, compared with ₱7.13 billion in the same period of 2024. Despite the slight dip, gross profit climbed 6 percent to ₱1.63 billion, driven by a 4-percent reduction in service costs and sustained demand across its logistics and money service lines.
Operating income improved 19 percent year-on-year to ₱393.8 million, while earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 3 percent to ₱562.4 million. Operating expenses grew modestly by 3 percent to ₱1.24 billion.
For the second quarter, LBC booked ₱132.6 million in net income, reversing a ₱131.4 million loss in the same period last year. Quarterly revenues reached ₱3.58 billion, with gross profit rising to ₱683.5 million from ₱663.1 million.
Logistics continued to anchor LBC’s performance, delivering 97 percent of first-half revenues, or ₱6.75 billion. Retail services contributed 67 percent, while corporate solutions accounted for 30 percent. Money services generated the remaining 3 percent, or ₱232 million. On a geographic basis, domestic operations brought in 61 percent of revenues, with the remaining 39 percent coming from LBC’s international network.
“We are on track and delivering even better results,” the company said. “Over nearly 75 years in business, we have faced our share of challenges, but each one has made us stronger. This recovery shows that our strategy is working, and we’re ready to build on this momentum for the years ahead,” said Enrique V. Rey Jr., LBC’s chief finance officer.
Founded in 1950, LBC has grown from a small courier service in Manila to one of the country’s largest logistics, freight, and remittance networks. The company said it will continue to invest in technology, expand its reach, and strengthen its service portfolio as part of its vision to serve communities worldwide for decades to come.
