Most profitable conglomerates and companies in the Philippines
Billionaires Henry Sy, Jaime Augusto Zobel de Ayala, Enrique Razon, Ramon Ang and Andrew Tan lead the most profitable conglomerates and corporations in the Philippines, according to 2017 and 2016 data filed with the Philippine Stock Exchange (PSE).
San Miguel Corp., which is into power, oil distribution, infrastructure and beverage sectors, declared a record recurring net income of P54.6 billion in 2017, making it the most profitable conglomerate in the Philippines. Here are the list of other profit-raking corporations in the country.
San Miguel – P54.6 billion (2017)
SM Investments Corp. – P32.9 billion (2017)
SM Prime Holdings Inc. – P27.6 billion (2017)
Ayala Corp. – P30.3 billion (2017)
Ayala Land Inc. – P25.3-billion (2017)
Alliance Global Group Inc. – P22.8 billion (2016)
Aboitiz Equity Ventures Inc. – P21.6 billion (2017)
San Miguel Brewery Inc. – P20.7 billion (2017)
Aboitiz Power Corp. – P20.4 billion (2017)
Meralco – P20.4 billion (2017)
Globe Telecom – P15.08 billion
DMCI Holdings Inc. – P14.8 billion (2017)
GT Capital Holdings Inc. – P14.6 billion (2016)
PLDT Inc. – P13.4 billion
Metro Pacific – P13.2 billion (2017)
Megaworld Corp. – P11.63-billion (2016)
ICTSI – $207.7 million (2017)
Petron Corp. – P14.1 billion (2017)
Cebu Air Inc. – P9.8-billion (2016)
LT Group Inc. – P9.39 billion (2016)
San Miguel Corp. led by Danding Cojuangco and Ramon Ang, posted a recurring net income of P54.6 billion in 2017, up by 11 percent from the previous year. San Miguel's subsidiaries include Petron Corp., San Miguel Holdings and San Miguel Brewery. Petron Corp.'s profit climbed 30 percent in 2017 to P14.1 billion on record sales, while San Miguel Brewery Inc. netted P20.7 billion.
SM Investments Corp. (SMIC), the listed holding company of tycoon Henry Sy, declared a net income of P32.9 billion in 2017, up 6 percent from P31.2 billion in 2016, on strong results of property, banking and retail businesses. SMIC saw consolidated revenues rise 9 percent in 2017 to P396.1 billion from P363.4 billion in 2016.
SM Prime Holdings Inc., the property unit of SMIC, said its recurring net income grew 16 percent in 2017 to P27.6 billion from P23.8 billion in 2015.
DMCI Holdings Inc., the investment company of the Consunji family, lifted its net income by 16 percent in 2017 to P14.8 billion from P12.7 billion in 2016, on higher profit contributions of coal energy, real estate, construction and nickel mining businesses.
Aboitiz Equity Ventures Inc., the holding company of the Aboitiz family, registered a net income of PhP21.6 billion in 2017, down 4 percent from PhP22.5 billion in 2016. The biggest income contribution came from power business (69 percent), while banking and financial services, food, land and infrastructure strategic business units contributed 18 percent, 7 percent, 3 percent and 3 percent, respectively.
AEV's power arm Aboitiz Power Corp. saw its net income increase 2 percent to PhP20.4 billion in 2017 from PhP20 billion a year earlier.
Globe Telecom Inc. beat PLDT Inc. for the first time in terms of net profit. Globe Telecom's net profit droped 5 percent to P15.08 billion in 2017 despite record revenues. Rival PLDT Inc. reported a bigger 33-percent decline in net profit to P13.4 billion in 2017 as consolidated service revenue retreated 3 percent to P143.5 billion.
Alliance Global Group Inc. (AGI) of billionaire Andrew Tan saw its net income increase 5 percent to P22.8 billion in 2016 from P21.7 billion in 2015. Property unit Megaworld Corp., the country's largest developer of integrated urban townships and the biggest lessor of office space, increased its net income by 12 percent in 2016 to P11.63-billion from P10.39-billion in 2015.
LT Group Inc. (LTG), the holding company of tycoon Lucio Tan booked a 42 percent increase in attributable net income to P9.39 billion in 2016 from P6.6 billion in 2015.
Port operator International Container Terminal Services Inc. (ICTSI) led by billionaire Enrique Razon, earned a net income of $207.7 million in 2017, up 7 percent from $193.5 million in 2016.
JG Summit Holdings Inc. of the Gokongweif family reported a core net income of P29.97 billion in 2016, up 6.9 percent from P28.05 billion in 2015. Airline unit Cebu Air Inc., the operator of budget carrier Cebu Pacific, reported a P9.8-billion net income in 2016.
Ayala Corp., the holding company of the Ayala family, declared a 16-percent increase in 2017 net income to P30.3 billion from PP26 billion in 2016, on the back of strong growth contributions from its real estate and banking units, boosted by its emerging businesses in power and industrial technologies.”
Property unit Ayala Land Inc. booked a P25.3-billion net income in 2017, up 21 percent from P20.9 billion in 2016.
Metro Pacific Investments Corp. (MPIC), the infrastructure holding company of the Salim Group represented by Manuel Pangilinan, said its consolidated net income attributable to owners of the parent company rose 15 percent to P13.2 billion in 2017 from P11.5 billion in 2016.
Power retailer Manila Electric Co. (Meralco), controlled by MPIC, posted a net income of P20.4 billion in 2017, up 6 percent from the previous year on higher electricity sales, as revenues climbed 10 percent to P282.55 billion from P257.18 billion in 2016.
GT Capital Holdings Inc., the listed holding company of taipan George Ty, reported a consolidated net income of P14.6 billion in 2016, up 21 percent from P12.1 billion in 2015.
Meanwhile BusinessWorld’s Top 1000 Corporations in the Philippines said that in 2016, the top 1,000 companies in the country earned a combined P9.88 trillion in gross revenue and P1.24 trillion in net income in 2016.
Meralco retained the top spot on the latest list in terms of gross earnings with P250.71 billion, followed by Petron Corp. with P230.99 billion and Toyota Motor Philippines Corp. with P154.87 billion.
Others in the top 10 list were Pilipinas Shell Petroleum Corp. with a P137.84 billion in gross revenue; Toshiba Information Equipment (Philippines) Inc. with P130.84 billion; Nestlé Philippines Inc. with P125.50 billion; Mercury Drug Corp. with P123.19 billion; TI (Philippines) Inc. with P122.16 billion; Philippine Airlines Inc. with P117.62 billion; and PMFTC Inc. with P113.67 billion.