MacroAsia net income drops 42% on higher costs, LTP revamp

MacroAsia Corp. (MAC) reported a consolidated net income of P669.6 million in the first nine months of 2026, 42% lower than the P1.161 billion posted in the same period in 2025 due to higher costs and restructuring-related expenses at Lufthansa Technik Philippines, Inc. (LTP).

Consolidated net revenue grew 4.7% to P7.76 billion for January-September 2026 from P7.41 billion in the comparable period of 2025.

The food services, ground handling and aviation support, and water operations recorded revenue growth, MacroAsia said in a statement.

Revenue from the food services business increased 9% to P3.87 billion and represented approximately 50% of consolidated net revenues.

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