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A turnaround story for the country’s logistics giant
Good news for one of the Philippines’ most trusted logistics brands—LBC Express Holdings Inc. (LBC) has bounced back to profitability in the first half of 2025. The company reported a ₱181.3 million net income, a sharp turnaround from last year’s ₱190.9 million net loss in the same period.
The milestone comes just as LBC celebrates its 75th anniversary, proving that even in a challenging economic landscape, the courier and remittance giant remains resilient and forward-looking.
Stronger operations despite revenue dip
In its disclosure to the stock exchange, LBC shared that service revenues reached ₱6.98 billion from January to June 2025, slightly lower than the ₱7.13 billion recorded in 2024.
But behind the modest decline in revenues lies a stronger bottom line:
- Gross profit climbed 6% to ₱1.63 billion, thanks to reduced service costs.
- Operating income improved by 19% to ₱393.8 million.
- EBITDA (earnings before interest, taxes, depreciation, and amortization) rose 3% to ₱562.4 million.
- Operating expenses only grew by 3% to ₱1.24 billion.
For Q2 alone, LBC registered a ₱132.6 million profit, overturning last year’s ₱131.4 million loss. Revenues reached ₱3.58 billion, with gross profit rising to ₱683.5 million.
Logistics remains LBC’s backbone
The bulk of LBC’s performance continues to come from its logistics business, which accounted for 97% of first-half revenues (₱6.75 billion). Breaking it down further:
- Retail services delivered 67% of revenues
- Corporate solutions contributed 30%
- Money services added 3% (₱232 million)
In terms of geography:
- Domestic operations generated 61% of revenues
- International network provided 39%
This strong reliance on logistics reflects how Filipinos—whether sending balikbayan boxes abroad, online shopping parcels locally, or remittances to loved ones—continue to trust the “Hari ng Padala.”
Building momentum for the future
LBC’s Chief Finance Officer, Enrique V. Rey Jr., expressed confidence in the company’s direction, saying the results prove their strategy is working. He highlighted that after 75 years in the business, LBC remains steadfast in its commitment to serve communities.
“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,” Rey said.
The company also revealed its plans to invest further in technology, service expansion, and international reach, ensuring its position as a global logistics and remittance leader.
LBC’s return to profitability is more than just a financial recovery—it’s a sign of renewed confidence in the logistics sector, which plays a vital role in supporting e-commerce, OFWs, and everyday Filipinos who rely on reliable deliveries.
If you’re looking for a logistics partner that has stood the test of time, LBC’s 75 years of service proves it’s a brand built on trust and resilience.