Alliance Global Group earns ₱16B in first half of 2026

Property, tourism, and spirits helped lift Alliance Global Group’s earnings as VIP gaming took a smaller role in the company’s first-half performance.

Alliance Global Group Inc. (AGI), the holding company of tycoon Andrew L. Tan, posted ₱16 billion in net income in the first half of 2026, up 3% from a year earlier, with nearly ₱90 billion in consolidated revenues. This excludes the one-time gain tied to the deconsolidation of Golden Arches Development Corp.

The growth came from several businesses that touch everyday spending, including property, hotels, dining, entertainment, and consumer goods. Megaworld’s net income rose 5% to ₱12.7 billion, while residential pre-sales jumped 15% to ₱63 billion, driven largely by provincial township projects. Mall revenue grew 8% and office revenue 5%.

Travellers International, AGI’s leisure and tourism arm and owner-operator of Newport World Resorts (NWR), nearly doubled attributable net income to ₱568 million. Non-gaming revenue climbed 12% to ₱3.9 billion, while non-VIP gaming revenue rose 6% to ₱9.6 billion, helping offset weaker VIP volumes.

Emperador, the world’s largest brandy producer and one of the fastest-growing Scotch whisky manufacturers, grew revenue 5% to ₱29.6 billion, with both brandy and whisky contributing to the increase.

AGI’s first-half numbers show growth across several parts of the business, but the 3% rise in net income also points to a fairly measured pace. How much of that momentum carries into the second half will depend on property demand, tourism spending and the group’s ability to keep growing outside the more volatile VIP gaming market.

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