Manila: Tanduay Distillers, Inc. (TDI), the liquor and spirits arm of LT Group, Inc. (LTG), delivered its strongest first-half performance on record, driven by higher revenues, improved margins, and market share gains. TDI posted a net income of PHP1.36 billion in the first half of 2025, nearly doubling the PHP712 million earned in the same period last year or a 91-percent surge.
According to Philippines News Agency, revenues climbed to PHP15.25 billion, up 4 percent from PHP14.63 billion in 2024, fueled by higher selling prices in the liquor segment. While revenues increased, the cost of sales remained flat at PHP12.62 billion, resulting in a stronger gross profit margin of 17 percent, compared with 14 percent a year ago. Operating expenses also fell to PHP886 million from PHP1.06 billion in the first half of 2024, mainly due to reduced advertising, promotion, and other costs.
Tanduay continued to expand its footprint in the distilled spirits market, growing its nationwide share to 38 percent, up from 33 percent last year. The brand further cemented its dominance in the Visayas and Mindanao, with market shares of 68.3 percent and 81 percent, respectively. "This milestone reflects the strength of the Tanduay brand and the loyalty of our consumers across the country," TDI president and chief executive officer Lucio Tan III said.
"By focusing on operational efficiency and brand building, we are well-positioned to sustain our leadership in the liquor industry and pursue further growth in both domestic and international markets," he added. Tanduay's record-breaking results contributed to the solid performance of its parent company LTG, which reported an attributable net income of PHP14.97 billion in the first half of 2025, a 17 percent increase year-on-year. This marks LTG's second-best first half and second quarter results since its follow-on public offering.
Founded in 1854, TDI has evolved from its Manila roots into a global powerhouse. Drinks International magazine's Millionaires' Club recently reported that Tanduay has maintained its position as the world's No. 1 rum by volume for at least eight consecutive years, selling 23.8 million case liters in 2024, surpassing renowned competitors such as Bacardi (19.7 million) and Captain Morgan (11.5 million).
Beyond dominating global rankings, Tanduay made significant inroads into international markets. Its products are now available across North America, Europe, Asia, and beyond, including the United States, the United Kingdom, China, Canada, Australia, Belgium, Germany, Singapore, the United Arab Emirates, and Peru.
