Conquering Currents, Charting Horizons

2024 Annual & Sustainability Report

About the Cover

Despite its numerous challenges in 2024, JG Summit Holdings, Inc. renews its commitment to reaching new heights, constantly discovering innovative ways to overcome obstacles, and forging a brighter future for all.

As it pushes through the crosswinds, including tempered consumer sentiment, industry-wide airline concerns, an oversupply of office and residential spaces, and a prolonged petrochemical downturn, the group remains resilient and steadfast in its mission to provide customers with better choices and shared success for all.

Transforming Trials into Triumphs

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Paving the Road to Prosperity

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Onward to Clearer Skies and a Brighter Tomorrow

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Message to Shareholders

James L. Go

Chairman

Chairman’s Message

Coming into a new year, we have begun addressing the challenges we experienced in 2024 and expect the strategies we have set in place to gain traction as the year progresses. At the parent company, we remain focused on supporting our core business units to drive topline and profit growth.

The lessons we have learned from 2024 have strengthened our resolve to sail forward with confidence, meeting each challenge and embracing the opportunities on the horizon.

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Lance Y. Gokongwei

Director, President and Chief Executive Officer

President and CEO’s Report

After the close of another year, we continue to uphold our purpose, resolute in our commitment to provide our customers with better choices and creating shared success with our stakeholders. We continue to adapt and refine our strategy to better align our course.

We also acknowledge the continued patronage of our customers, as well as the invaluable contributions and support from our employees, business partners, and shareholders, which allow us to carry on as we navigate tides, conquer currents, and chart a path towards brighter horizons for all our stakeholders.

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At a Glance

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FY Revenue

in PHP billion

Cash Dividends

PHP per common share

Current Ratio

Core Net Income

FY 2024
+30% vs SPLY
19.4B
2023
25.1B
2024

Total Assets

in PHP billion