GT Capital Holdings, Inc. (stock symbol: GTCAP), one of the Philippines’ largest business groups, announced on May 15, 2026 that it earned ₱8.91 billion in the first three months of 2026. This is a small decrease of 3% compared to the ₱9.14 billion they made during the same period last year.

Why Did Earnings Go Down?

Think of GT Capital like a big basket holding several different businesses. During the first quarter of 2026, this basket faced some tough challenges that made it harder to earn money. Here’s what happened:

• Supply chain problems: Imagine ordering toys online but they take forever to arrive because trucks and ships are delayed – that’s what happened to businesses
• Higher prices for fuel and materials: When gasoline and raw materials cost more, it becomes expensive to make and transport products
• Currency changes: The value of the Philippine peso compared to other money (like US dollars) kept changing, making business planning difficult
• People spending less: With everything becoming more expensive, families bought fewer things they didn’t absolutely need

According to the company’s disclosure to the Philippine Stock Exchange, these global economic problems affected most of their businesses during the January to March 2026 period.

What Businesses Does GT Capital Own?

GT Capital is like a parent company that owns parts of several major Philippine businesses. Here are the main ones and how they performed:

Metropolitan Bank & Trust Company (Metrobank) – The Bright Spot

Metrobank is one of the Philippines’ biggest banks. It actually did well, earning ₱12.6 billion in the first quarter – up 3% from last year. The bank now has ₱3.8 trillion in total assets, making it the second largest among private banks in the country.

Here’s what made Metrobank successful:

• More people and businesses borrowed money from the bank (loans grew 9.2%)
• The bank earned more from interest on loans
• Only 1.75% of loans weren’t being paid back properly – much better than the industry average of 3.44%
• The bank has strong financial cushions with a Capital Adequacy Ratio of 14.9%, well above what regulators require

Toyota Motor Philippines (TMP) – Facing Headwinds

TMP, which makes and sells Toyota vehicles in the Philippines, had a tougher time. They earned ₱5.3 billion, which is 16% less than last year. They sold 51,922 vehicles during the quarter.

However, TMP still leads the Philippine car market with a 46.1% market share – meaning almost half of all cars sold in the Philippines are Toyotas. One positive development: their electric and hybrid vehicles (cars that use less gasoline or run on electricity) grew by 40.3%, now making up 10.6% of their total sales.

TMP is also preparing for the future of electric vehicles through En Tsumugi, a special facility that safely handles old car batteries and parts, especially from electric vehicles.

Federal Land – Property Development

Federal Land, which builds homes and buildings, recorded ₱3.8 billion in reservation sales during the quarter. Despite the property sector slowdown, they recently launched a major project: the UNIQLO Logistics Hub in Cavite, which will be UNIQLO’s largest warehouse in Southeast Asia.

Metro Pacific Investments Corporation (MPIC) – Infrastructure

MPIC, which GT Capital has a stake in, reported a 5% increase in core earnings to ₱6.9 billion. MPIC operates toll roads, water services (like Maynilad), power plants, and hospitals. Their power business contributed ₱5.1 billion, representing 62% of their operating income.

AXA Philippines – Insurance

AXA Philippines, the insurance arm, had strong growth with total revenues up 25% to ₱10.7 billion. Their life insurance business grew 26%, and they sold more car insurance (up 17% to ₱1.1 billion) partly through partnerships with Metrobank’s car loan program.

What the Company Says

GT Capital President Carmelo Maria Luza Bautista acknowledged the difficult conditions but emphasized the company’s strong financial position. He noted that despite near-term uncertainties, the company’s businesses operate in sectors important for the country’s long-term growth.

Understanding GT Capital’s Stock

GT Capital is listed on the Philippine Stock Exchange under the symbol GTCAP. According to their SEC filing, the company has 215,284,587 common shares outstanding and 7,160,760 perpetual preferred shares (GTPPB) as of the report date.

The company operates as a holding company, which means it makes money by owning stakes in other businesses rather than selling products directly to customers. Its value depends on how well its various businesses – banking, cars, property, insurance, and infrastructure – perform.

This disclosure was filed with the Securities and Exchange Commission on May 14, 2026, as a current report under SEC Form 17-C.

This article is based on the company’s official press release and disclosures filed with the Philippine Stock Exchange’s Electronic Disclosure Generation Technology (PSE EDGE) system. For the complete and official version of the announcement, readers may visit the PSE EDGE website and search for the company’s filing directly.