LBC Express Holdings Inc. reported a net income of ₱181.3 million for the first half of 2025, reversing the ₱190.9 million net loss recorded in the same period last year. The company said the result shows its efforts to improve operations and adjust to market conditions as it marks its 75th year of service.
In a disclosure to the stock exchange, LBC said service revenues for the six months ended June 30 reached ₱6.98 billion, slightly lower than the ₱7.13 billion posted a year earlier. Despite the decline, gross profit rose 6% to ₱1.63 billion, helped by a 4% drop in service costs and steady demand in its logistics and money service businesses.
“Over nearly 75 years in business, we have faced our share of challenges, but each one has made us stronger,” said Enrique Rey Jr., chief finance officer of LBC. “This recovery shows that our strategy is working, and we’re ready to build on this momentum for the years ahead.”
Operating income climbed 19% year-on-year to ₱393.8 million, while earnings before interest, taxes, depreciation, and amortization (EBITDA) increased 3% to ₱562.4 million. Operating expenses rose 3% to ₱1.24 billion.
For the second quarter alone, LBC posted ₱132.6 million in net income, a turnaround from the ₱131.4 million loss in the same quarter last year. Revenues for the quarter reached ₱3.58 billion, with gross profit up to ₱683.5 million from ₱663.1 million.
Logistics accounted for 97% of first-half revenues, or ₱6.75 billion, with retail services making up 67% of the total and corporate solutions contributing 30%. Money services generated 3%, or ₱232 million. Domestic operations brought in 61% of revenues, while international operations contributed the remaining 39%.