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LBC Express Holdings returned to profitability in the first half of this year, posting a net income of ₱181.3 million
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This marked a turnaround from the ₱190.9 million net loss recorded in the same period last year
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Service revenues for the six months ended June 30, 2025, reached ₱6.98 billion, compared with ₱7.13 billion in the same period of 2024
LBC Express Holdings Inc. (LBC) returned to profitability in the first half of this year, posting a net income of ₱181.3 million, the company said in a statement. This marked a turnaround from the ₱190.9 million net loss recorded in the same period last year.
Marking its 75th year of service, the results reflect LBC’s steady progress in strengthening operations and adapting to market conditions.
Service revenues for the six months ended June 30, 2025, reached ₱6.98 billion, compared with ₱7.13 billion in the same period of 2024, LBC said in a disclosure to the Philippine Stock Exchange this week.
The company said that despite the slight drop in revenue, gross profit climbed 6% to ₱1.63 billion, driven by a 4% cut in service costs and sustained demand across its logistics and money service lines.
Operating income, meanwhile, improved 19% year-on-year to ₱393.8 million, while earnings before interest, taxes, depreciation, and amortization rose 3% to ₱562.4 million.
Operating expenses grew by 3% to ₱1.24 billion.
For the second quarter of 2025, LBC booked ₱132.6 million in net income, reversing a ₱131.4 million loss in the same period last year. Quarterly revenues hit ₱3.58 billion, with gross profit up to ₱683.5 million from ₱663.1 million.
Logistics remained LBC’s bread and butter, delivering 97% of first-half revenues, or ₱6.75 billion. Retail services contributed 67%, while corporate solution accounted for 30%, the company stated.
Money services generated the remaining 3%, or ₱232 million.
On a geographic basis, domestic operations accounted for 61% of revenues, with the remaining 39% coming from LBC’s international network.
Enrique Rey Jr., LBC’s Chief Finance Officer, said: “We are on track and delivering even better results. 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.”
Founded in Manila in 1950, LBC has evolved from a small courier service to one of the country’s largest logistics, freight, and remittance networks.
