Tanduay lifts Lucio Tan-led conglomerate to another record year in 2025

₱30.98B group income as Tanduay posts ₱3.12B profit, 45% growth, and six consecutive years of gains, raising its share to 10%.

Tanduay Distillers, Inc. helped drive another record year for LT Group, Inc. in 2025, as the Lucio Tan-led group posted a consolidated attributable income of ₱30.98 billion, up 7% from the previous year. This was supported by Tanduay’s six consecutive years of profit growth.

LT Group reported another record performance, extending its earnings streak to four straight years of growth in consolidated attributable income.

Tanduay stood out with a net income of ₱3.12 billion, a 45% jump from 2024, extending its profit streak to six consecutive years. The increase also lifted its contribution to LTG’s bottom line, raising its share to 10% from 7% in 2024.

The power of margin over volume

“Tanduay’s continued growth reflects its strength as a brand and the trust of our consumers. Achieving six consecutive years of record profits also shows the efficiency of our teams across the organization and their focus on delivering quality products for Tanduay’s increasing consumer base,” said Lucio Tan III, LTG president and COO and Tanduay president and CEO.

Revenue growth remained modest, with net sales at ₱34 billion versus ₱33.85 billion in 2024. The stronger earnings were instead driven by cost discipline and pricing adjustments. Cost of sales declined to ₱28.12 billion, while operating expenses eased to ₱2.02 billion, supported by lower spending on advertising and promotions. These efficiencies pushed gross margins to 17%, from 15% a year earlier.

The development shows a more disciplined operating setup, leaning less on volume expansion and more on pricing strength and cost efficiency, helping stabilize earnings despite a mixed consumer environment.

Regional dominance and VisMin fortress

On the domestic front, Tanduay continued to strengthen its position. Its national market share rose to 39.5%, from 34.2% in 2024. The brand remains especially dominant in the Visayas at 70.4% and Mindanao at 82.9%, reinforcing its stronghold outside Metro Manila.

That reach continues to support a wide distribution network that includes retailers, distributors, and small trade channels dependent on fast-moving consumer goods.

Outside the Philippines, Tanduay is also expanding internationally, with distribution now spanning the United States, the United Kingdom, Japan, and other global markets.

For LT Group, the liquor business is no longer just a steady contributor. It is becoming a stronger engine of growth.

 

 

Six years of record gains: Tanduay’s 45% profit jump lifts the Lucio Tan-led LT Group to new heights. Discover how the liquor giant used cost discipline and a 82.9% Mindanao stronghold to defy a mixed consumer market.

 

 

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