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revenue

Cebu Pacific Delivers Strong Q1 EBIT Driven by Record Passenger Volume

by Contributor May 13, 2026

written by Contributor

Cebu Pacific reported a 10% year-on-year increase in total revenue for the first quarter, driven by an increase in seat capacity and sustained passenger demand.

Total revenue for the quarter rose to ₱33.3 billion, supported by a 10% increase in seat capacity and sustained passenger demand across both domestic and international markets. CEB carried 7.5 million passengers, up 8% year-on-year, while maintaining a healthy seat load factor of 83.7%, reflecting effective capacity deployment and stable travel demand.

Passenger revenue increased 6% to ₱22.5 billion, while ancillary revenue rose 19% to ₱9 billion, driven by continued improvements in ancillary yields. The airline’s cargo business also expanded, with cargo revenue growing 8% year-on-year to ₱1.8 billion, supported by higher widebody capacity.

EBITDA rose 26% year-on-year to ₱8.4 billion, while operating income increased 54% to ₱3 billion. Cost discipline and improved operating efficiencies partially offset higher operating costs associated with fleet and capacity expansion.

Core profitability improved, with core income before tax increasing to ₱1.3 billion from ₱325 million last year. Quarter-end peso depreciation resulted in non-core foreign exchange losses of ₱1.8 billion, resulting in a net loss of ₱400 million versus net income of ₱466 million in the prior year.

Cebu Pacific ended the quarter with 101 aircraft in its fleet and a strong liquidity position, closing March 2026 with over ₱23 billion in cash, providing ample flexibility to manage near-term volatility while supporting strategic initiatives. “Our first‑quarter performance reflects the strength of our network and disciplined capacity deployment,” said Mike Szucs, Chief Executive Officer of Cebu Pacific. “As we navigate a more volatile operating environment amid higher fuel prices, we are taking a more cautious and measured approach focused on margin protection, prudent capacity deployment, and liquidity preservation. Our scale, fleet efficiency, and strong domestic network position us well to navigate near-term uncertainty while continuing to build long‑term value.”

May 13, 2026 0 comments

Business

Cebu Pacific 9-Month Revenue Reaches ₱87.6B, Boosts Net Profit to ₱9.5B

by Contributor November 14, 2025

written by Contributor

Cebu Pacific reported total revenue of ₱87.6 billion for the nine months of 2025, an 18% increase from the same period last year. This growth was fueled by 20.0 million passengers flown, a 14% increase year-on-year, generating a healthy seat load factor of 84.8%.

The airline delivered EBITDA of ₱22.2 billion, 26% higher than last year, for a 25% margin, while its core income before tax more than doubled to ₱2.9 billion. With additional gains from spare engines secured from the manufacturer, net income increased to ₱9.5 billion, up from ₱3.4 billion earned in the same period last year.

For the third quarter of 2025, total revenue reached ₱24.3 billion, 5% higher year-on-year, despite the seasonal slowdown due to the earlier start of the academic year. The airline flew over 6 million passengers for the quarter, a 1% increase year-on-year. EBITDA grew 11% year-on-year to ₱4.8 billion, while net income amounted to ₱499 million, reversing a ₱173 million net loss in the same period last year.

CEB’s growth and margin expansion were supported by an 18% increase in available seat kilometers on an 11% increase in flights year-to-date, as Cebu Pacific continued its transition to larger, higher-capacity, and more fuel-efficient NEO aircraft. By the end of September, the airline was operating over 3,100 weekly flights across 124 routes. “Cebu Pacific delivered a strong year-to-date performance despite seasonal headwinds in the third quarter. This reflects the resilience of our business model, the strength of underlying travel demand, and the discipline of our teams in managing cost and capacity amid an evolving operating environment,” said Michael Szucs, Chief Executive Officer of Cebu Pacific. “We remain committed to making air travel affordable and sustainable for everyone, while ensuring efficiency and reliability as we aim for an even stronger finish to 2025.”

November 14, 2025 0 comments

Business

AGI HITS 9M PROFIT OF P24.8B, UP 24%

by Contributor November 13, 2025

written by Contributor

MANILA, Philippines — Alliance Global Group Inc. (AGI), the conglomerate led by tycoon Dr. Andrew L. Tan, saw a robust 24% year-on-year (YoY) growth in net income in the first nine months of 2025 to P24.8-billion as consolidated revenue reached P143.4-billion.

The Group’s interim performance included one-time gain of P3.4-billion from the deconsolidation of its quick-service restaurants business, Golden Arches Development Corp (GADC), where AGI retains a 49% stake. GADC is now treated as an associate. This also brought AGI’s attributable profit during the period to P17.4-billion, up by 34% YoY.

Even if such one-offs are excluded, AGI’s core net income still reflected a growth of 10% YoY to P21.2-billion. This was driven by strong office and malls businesses, healthy contribution from the residential segment, and the resilience of the Group’s hospitality business. Core attributable net profit stood at P13.9-billion, an improvement of 8% YoY.

“AGI’s robust performance in the first three quarters of the year is largely due to our diversified business portfolio and product mix. During the period, we saw a sequential improvement in office and mall rentals, and steady contribution from our residential and hospitality segments,” says Kevin L. Tan, President and CEO, AGI. “Despite global economic challenges, our spirits business has managed to gain traction in the international market,” continues Tan.

“What provided an added lift in Group earnings and margins is our ongoing cost management efforts, which we implemented across the business. As we build a culture of cost awareness, we hope to further enhance our operating efficiencies moving forward,” Tan adds.

Megaworld, the country’s premier township developer, remained the biggest contributor to Group performance in the first nine months of the year after it recorded a net income of P15.9-billion, reflecting a sharp 16% improvement from P13.7-billion in the previous year. Consolidated revenue grew by 8% YoY to P64.4-billion, buoyed by robust office, mall, and hotel revenues, in addition to healthy real estate sales.

Rental income of Megaworld Premier Offices improved by 16% YoY to P11.1-billion, coming on the back of stable occupancy of 87% and sustained rent escalations. It also posted above-industry new lease transactions that helped maintain its market leadership in the Philippine office sector.

Megaworld Lifestyle Malls continued to post a healthy 13% YoY growth in revenue to P5.1-billion, helped by significant increases in foot traffic and tenant sales, accompanied by high occupancy rate of 93%.

Megaworld Hotels & Resorts also registered a 13% YoY improvement in revenue to P4.1-billion, boosted by its expanded room count and the double-digit growth in average daily room rate.

Meanwhile, the residential segment clocked in another 6% YoY increase in revenue to P40.2-billion, as the company continued to benefit from the resilience of the upper-mid to high-end market segment.

Emperador, the world’s biggest brandy company and amongst the world’s fastest-growing Scotch whisky manufacturers, recorded consolidated revenue of P41.2-billion in the first three quarters of the year. The company is supported by its diversified product portfolio with varying price points, a deep range of ageing liquids in its inventories, and a wide global distribution network spanning over 100 countries. Attributable net profit stood at P4.7-billion for the same period.

The Brandy segment accounted for P26.3-billion of total revenue, reflecting a 5% YoY increase, driven by the improving contribution from its aspirational Fundador brandy products, which maintained market leadership in Spain, Mexico, and the Philippines. Despite ongoing challenges in the global spirits market, the Scotch Whisky segment delivered P14.9-billion in revenue. The segment is now gaining better traction of the international market for its highly popular single malt whiskies like The Dalmore, Jura, and Tamnavulin.

Travellers International, the Group’s leisure and tourism arm, registered total gross revenue of P28.6-billion in the first nine months of the year, backed by increased foot traffic at the Newport World Resorts complex. From this total, gross gaming revenue (GGR) contributed P23.5-billion, while non-gaming revenue from its hotel, food and beverage accounted for the balance of P5.1-billion. In the third quarter, GGR rose by 7% quarter-on-quarter as both mass and VIP segments improved from the previous quarter’s levels on better win rate and steady mass volume. Attributable net income grew by 31% YoY to P651-million, benefitting from its ongoing cost management measures.

The Andrew Tan-led conglomerate has varied interests spanning real estate developments through property giant Megaworld Corporation; spirits manufacturing through Emperador Inc.; leisure, entertainment, and hospitality through Travellers International Hotel Group, Inc.; and, quick service restaurants through its interest in Golden Arches Development Corporation (GADC), popularly known as McDonald’s Philippines

November 13, 2025 0 comments