LT Group's Attributable Net Income for 9M24 Reached P19.82 Billion, Up 3%

LT Group, Inc.’s (LTG) attributable net income for 9M24 reached P19.82 billion, 3% higher than 9M23’s P19.25 billion.

Philippine National Bank (PNB) contributed P8.44 billion or 43% of total. The tobacco business added P7.91 billion or 40%. Tanduay and Asia Brewery added P1.51 billion and P714 million, respectively or 8% and 4% each. Eton and Victorias Milling Company accounted for P497 million (2%) and P277 million (1%), respectively. Other Income was P478 million of total or 2%.

LTG declared a special cash dividend of P0.30 per share, totaling P3.25 billion, in August, which was paid on September 13. Including prior dividends declared in March and May, the year-to-date dividend payout reached P0.90 per share, or P9.74 billion in total, representing a 38.3% payout rate.

As of the end of September 2024, LTG had a Debt-to-Equity Ratio of 3.09:1 with the Bank and 0.11:1 without the Bank. The parent company maintained a cash balance of P2.02 billion.