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LBC Express Holdings, Inc. returned to profit in the first nine months of 2025, reporting a net income of P709.42 million from a net loss of P121.72 million in the same period last year
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The turnaround was due to improvement in operating income, the reduction in non-operating charges, and income tax deferred recognized for the period
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Revenue from the logistics segment was down 1% to P10.126 billion while revenue from money transfer services dropped 2% to P346.372 million
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For the third quarter alone, LBC’s net income grew more than six-fold to P528.12 million due to the recognized benefit from income tax for the quarter
LBC Express Holdings, Inc. returned to profit in the first nine months of 2025, reporting a net income of P709.42 million from a net loss of P121.72 million in the same period last year.
The turnaround was due to improvement in operating income by 12%, the reduction in non-operating charges by 31% and income tax deferred recognized for the period, LBC said in a regulatory disclosure.
Service revenue decreased slightly by 1% to P10.472 billion from P10.583 billion, mainly from the 9% decline in revenue in the retail segment, balanced out by the improvement in revenue from the corporate segment by 25%.
The logistics segment earned P10.126 billion during the nine-month period, down 1% from P10.229 billion year-on-year.
Revenue from the money transfer services likewise dropped 2% to P346.372 million from P354.135 million.
LBC’s cost of services went down by 2% to P8.102 billion, mainly from lower facilities costs, utilities and depreciation equivalent to a 4% decrease in aggregate. These were countered by 16% increase in repairs and maintenance which are mostly related to vehicles and transportation and travel costs.
READ: LBC back in the black in first semester 2025
For the third quarter alone, LBC’s net income grew more than six-fold to P528.12 million from P69.22 million in the same quarter last year, due to the recognized benefit from income tax for the quarter.
Service revenue during the quarter increased by 1% to P3.494 billion as there was a 9% decline in the retail segment, which was cushioned by the improvement in the corporate segment by 31%.
Founded in 1950, LBC is one of the country’s largest logistics, freight, and remittance networks. The company said it will continue to invest in technology, expand its reach, and strengthen its service portfolio as part of its vision to serve communities worldwide for decades to come.
