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By: Marvin Germo | April 2, 2020

Net Income Up By 54%

GT Capital Holdings, Inc. (GT Capital) reported an increase in net income by 54% to P20.31 billion in 2019. This is due to earnings from the redemption of its shares in Property Company of Friends, Inc. (PCFI), its real estate subsidiary. According to the firm, its growth in 2019 was back up by the double-digit expansions across its business segments. If you are currently investing in GT Capital, it’s good news that the company did well in 2019. Here are the other details of the news for your reference.

Catch me in my live training events! (quick plug)

The heart of why I do these seminars is I want to build a generation of Filipinos with the right foundation in stock investing.  I want to bring smart investing to every Filipino around the world! If you would like to know more about how you could time the market check out the training below.
Stock Smarts Manila: March 14, 15, 21, 22 & 28, 2020
Stock Smarts Singapore: May 16 – 17, 2020
Stock Smarts New Zealand: June 6 – 7, 2020
Stock Smarts Sydney: July 11 – 12, 2020
Stock Smarts London: April 18 – 19, 2020

Total Redemption Income

GT Capital said that its total redemption income from its investment in PCFI reached P3.58 billion. It also had a P1.28 billion share in the non-recurring earnings of its stake in Metro Pacific Investments Corporation (MPIC). On top of this, a P330 million amortization of fair value adjustments is also a part of its earnings. The core net income in 2019 hit P15.78 billion or 22% higher compared to 2018. The total revenues of the firm reached P222.9 billion or 8% higher than the previous year. As per GT Capital, this is driven by its banking and automotive units.

Metrobank & Toyota Earnings

If we take a look at some of GT Capital’s business units, the Metropolitan Bank & Trust Co. (Metrobank) had the highest contribution to its earnings. This bank had contributed about P28.06 billion or 28% higher than in 2018. GT Capital said that the growth of Metrobank is because of the net interest margin expansion to 3.84%, a 6.7 increase in receivables and loans, and strong trading and forex gains. Toyota Motor Philippines Corporation, on the other hand, had the second-highest contribution to the earnings of the company. It shared P9.08 billion or 15% higher than in 2018. This led the segment to bring in P168.62 billion revenue or a 6% increase from last year.


MPIC had a P23.86 billion net income or a 69% hike from 2018. This is because of the revenue increase in the hospital business, toll roads, and energy of MPIC. GT Capital’s property unit, Federal Land, Inc. (FLI), reported a 56% jump to P1.61 billion in 2019. The firm said that this is due to higher revenues that arose from faster percentage-of-completion combined with lower cost adjustments. Finally, Philippine AXA Life Insurance Corporation recorded a growth of 23% to P2.37 billion. The unit had improvement in premium gains, higher investment income, and an increase in asset management.

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