Ty-led GT Capital Holdings, Inc. grew its first quarter net income by 29 percent to P9.14 billion driven by strong performance from operating companies engaged in automotive, real estate, banking and insurance businesses
Core net income, which excludes extraordinary gains, also went up 27 percent to P8.70 billion.
“We are pleased to report a strong first quarter, marked by exceptional financial and operational performance by our core subsidiaries,” said GT Capital president Carmelo Maria Luza Bautista.
“This positive momentum is driven by the continued strength of our automotive and financial services businesses, which remain to be our key engines for growth.”
Toyota Motor Philippines delivered a net income of P6.33 billion, up 57.1 percent year-on-year.
The company sold 55,513 vehicles in the first quarter, accounting for 47.3 percent of total industry sales.
“TMP started 2025 with a solid performance driven by the enduring trust of Filipinos in the automotive company’s core attributes of quality, durability, and reliability,” said TMP president Masando Hashimoto.
“We expect demand for our vehicles to remain stable for the remainder of the year,” he said.
