LBC Express Holdings Inc. has turned the corner. The country’s leading logistics and remittance company posted a net income of ₱181.3 million in the first half of 2025, a dramatic recovery from the ₱190.9 million loss it reported in the same period last year.
The rebound comes as LBC celebrates its 75th year in business, proving its resilience and ability to adapt to shifting market conditions.
In its stock exchange disclosure, the company reported service revenues of ₱6.98 billion for the six-month period ending June 30, 2025, slightly lower than last year’s ₱7.13 billion. Still, LBC managed to grow gross profit by 6 percent to ₱1.63 billion, powered by a 4-percent reduction in service costs and consistent demand in both logistics and money services.
Operating income surged 19 percent year-on-year to ₱393.8 million, while EBITDA rose 3 percent to ₱562.4 million. Operating expenses ticked up just 3 percent to ₱1.24 billion.
The company’s turnaround was especially evident in the second quarter. LBC swung to a net income of ₱132.6 million, reversing the ₱131.4 million loss from the same quarter in 2024. Revenues reached ₱3.58 billion, with gross profit climbing to ₱683.5 million.
Logistics remained LBC’s growth driver, accounting for 97 percent of first-half revenues, or ₱6.75 billion. Within this, retail services delivered 67 percent, while corporate solutions contributed 30 percent. Money services added ₱232 million, representing 3 percent of the total. Domestically, the company generated 61 percent of revenues, while international operations brought in the remaining 39 percent.
“We are on track and delivering even better results,” said Chief Finance Officer Enrique V. Rey Jr. “Over nearly 75 years in business, we have faced our share of challenges, but each one has made us stronger. This recovery shows that our strategy is working, and we’re ready to build on this momentum for the years ahead.”
From its beginnings in 1950 as a small courier in Manila, LBC has grown into one of the country’s most trusted names in logistics, freight, and remittance. Looking ahead, the company said it will continue investing in technology, expanding its reach, and strengthening its service portfolio—committed to connecting communities in the Philippines and across the globe for decades to come.