JG Summit Holdings, Inc.
JGSMY
Other OTC7.57
USD
- -
- -
CIK
0001567172
ISIN
US4661522049
CUSIP
466152204
Return %
Stock
S&P500
1Y
15.93
18.99
3Y
-56.29
64.75
5Y
-65.54
71.84
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Lance Yu Gokongwei
- Full Time Employees
- 31,051
- Sector
- Industrials
- Industry
- Conglomerates
- Address
- Robinsons Equitable Tower Pasig MM Philippines 1600
- IPO Date
- May 29, 2014
- CIK
- 0001567172
- Website
- jgsummit.com.ph
- Similar Companies
- Business
- JG Summit Holdings, Inc. (JGSMY) serves as a holding company for a diversified conglomerate with primary operations in consumer foods, agro-industrial and commodity products, air transportation, real estate and hotels, petrochemicals, and core investments in banking, telecommunications, and power distribution. Through its strategic business units, the company offers branded snack foods, beverages, and value-for-money consumer products via Universal Robina Corporation, the Philippines' largest domestic airline carrier Cebu Pacific Air providing low-cost flights across domestic and international routes in Asia, Australia, and the Middle East, mixed-use property developments including Robinsons Malls, office buildings, hotels such as Go Hotels and Robinsons Hotels & Resorts, residential condominiums, and industrial logistics facilities through Robinsons Land Corporation, and integrated petrochemical manufacturing of polyethylene, polypropylene, and other polymers from naphtha cracking via JG Summit Olefins Corporation; it also maintains significant minority stakes in Philippine Long Distance Telephone Co. (PLDT), Manila Electric Company (Meralco), Bank of the Philippine Islands (BPI), and Singapore Land Group. Founded in 1957 with roots in Universal Corn Products, Inc. and formally incorporated as a holding company on November 23, 1990, JG Summit Holdings, Inc. is headquartered at 43/F Robinsons Equitable Tower, Ortigas Center, Pasig City, Philippines, and conducts business primarily throughout the Philippines in Metro Manila, Luzon, Visayas, and Mindanao, with branded food operations across the ASEAN region and property investments in Singapore. Recent developments include a P7.9 billion gain in 2024 from the merger of Robinsons Bank Corp. with Bank of the Philippine Islands effective January 2024 that boosted core net income 29% to P24.9 billion, a P17.1 billion capital infusion into JG Summit Olefins Corp. in Q4 2024 to meet debt obligations amid an indefinite commercial shutdown starting January 2025 due to unfavorable petrochemical market conditions, expansion of ecosystem plays such as GoTyme Bank's customer acquisition and DHL Summit Solutions' outreach to non-group logistics clients, Cebu Pacific's historic largest aircraft order in Philippine aviation history, and Robinsons Land's launches of residential projects like Mira Towers 1 and 2, LePont 2, Sierra Valley Gardens 5, and industrial facilities including RLX Sierra 2, RLX Calamba 2, and RLX San Fernando 2. The company reported attributable net income of P22 billion for 2024, up 10% year-over-year, with revenue growth of 11% to P379.7 billion driven by travel demand, food sales volumes, and petrochemical resumption, while prioritizing topline acceleration in 2025 amid easing inflation.