MANILA -- GT Capital said its core net income reached P8.7 billion in the first quarter of 2025. 

This is up 27 percent from last year's figures, excluding non-recurring gains from lot sales, the company said. 

The Ty-led firm said its performance was boosted by its banking arm Metrobank, which saw its net income climb to P12.3 billion because of strong loan growth and higher fee and trading income.

Toyota Motors Philippines also saw its net income jump 57.1 percent to P6.33 billion because of more retail sales. The company said Toyota's sales made up 47.3 percent of the car industry’s total sales of 117,466 vehicles during this period, solidifying its position as the country’s leading automotive brand. 

Metro Pacific Investments Corporation also saw its net income soar to P9.1 billion from P6.1 billion, driven by a gain from the sale of MPIC’s oil storage company. The firm also noted that MPIC's performance was boosted by Meralco's strong growth, higher tariffs of Maynilad, and more patients in Metro Pacific Hospitals.

GT Capital also said its real estate subsidiary, Federal Land, saw a 49 percent increase in reservation sales, while its insurance arm AXA Philippines said its gross premium went up 17 percent to P8.5 billion. 

GT Capital says not betting on gambling