Tanduay Distillers, Inc. (TDI), the liquor and spirits arm of LT Group, Inc. (LTG), delivered its strongest first-half performance on record, powered by higher revenues, stronger margins, and wider market dominance.
The company nearly doubled its earnings in the first six months of 2025, posting a net income of P1.36 billion—a 91% surge from P712 million a year ago. Revenues climbed 4% to P15.25 billion from P14.63 billion in 2024, fueled by higher selling prices in its liquor segment.
Despite the revenue growth, cost of sales stayed flat at P12.62 billion, boosting gross profit margins to 17% from 14% last year. Operating expenses dropped 16% to P886 million, driven by lower advertising, promotion, and other costs, further lifting profitability.
Tanduay also cemented its dominance in the distilled spirits market, raising its nationwide market share to 38% from 33% in 2024. Its hold remained strongest in the Visayas (68.3%) and Mindanao (81%), where it has long been the preferred brand.
“This milestone reflects the strength of the Tanduay brand and the loyalty of our consumers across the country,” said TDI President and CEO Lucio Tan III. “By focusing on operational efficiency and brand building, we are well-positioned to sustain leadership in the liquor industry while pursuing growth in domestic and international markets.”
The company’s record-breaking results contributed to LT Group’s strong performance, with the parent firm reporting an attributable net income of Php14.97 billion in the first half of 2025, up 17% year on year—its second-best first-half performance since its follow-on offering.
Founded in 1854, Tanduay has grown from its Manila roots into a global powerhouse. Drinks International’s Millionaires’ Club report recognized Tanduay as the world’s top-selling rum for at least eight consecutive years, with 23.8 million case liters sold in 2024—outpacing Bacardi (19.7 million) and Captain Morgan (11.5 million).
Today, Tanduay’s reach extends far beyond the Philippines. Its products are available across North America, Europe, Asia, and other markets, including the United States, United Kingdom, China, Canada, Australia, Germany, Singapore, the UAE, and Peru, among others—cementing its reputation as both a Filipino icon and a global spirits leader.