Lucio Tan-owned Tanduay Distillers posted a record-high net income of P1.36 billion in the first half of the year, nearly double the P712 million gain in the same period last year.
It made a giant leap equivalent to 91 percent compared to its profit last year, fueled by higher liquor sales.
The unlisted liquor and spirits arm of LT Group in a statement said revenues grew 4 percent, to P15.25 billion from P14.63 billion in 2024, fueled by higher selling prices in the liquor segment.
“While revenues increased, cost of sales remained flat at P12.62 billion, resulting in a stronger gross profit margin of 17 percent, compared with 14 percent a year ago. Operating expenses also fell to P886 million from P1.06 billion in the first half, mainly due to reduced advertising, promotion, and other costs,” TDI said.
TDI said it continued to expand its presence in the distilled spirits market, growing its nationwide share to 38 percent, from 33 percent last year.
“The brand further cemented its dominance in the Visayas and Mindanao, with market shares of 68.3 percent and 81 percent, respectively,” it said.
“This milestone reflects the strength of the Tanduay brand and the loyalty of our consumers across the country,” meanwhile Lucio Tan III, TDI chief executive officer (CEO) and president said in a statement.
“By focusing on operational efficiency and brand building, we are well-positioned to sustain our leadership in the liquor industry and pursue further growth in both domestic and international markets,” he added.
