LBC Express Holdings, Inc., one of the Philippines’ leading logistics and money services companies, is experiencing a significant uptrend in its financial performance as it approaches its 75th year of operations in 2025. The company’s operating income has shown remarkable growth in recent years, reflecting its ability to adapt to changing market demands and economic challenges.
In 2023, LBC Express reported an impressive increase of over 500% in operating income compared to 2021. The company’s operating income surged to PHP555 million in 2023, up from PHP99 million in 2021. The upward trajectory continued in the first half of 2024, with unaudited financials revealing an operating income of PHP332 million. This steady growth is largely attributed to the company’s operating subsidiaries enhancing their efficiencies, leading to significant improvements in productivity.
Despite facing economic challenges, including inevitable cost increases, LBC Express managed to boost its productivity by 15% in 2024. The company has been proactive in expanding its services, including the introduction of a complimentary pick-up service for parcels and packages, available through the LBC website and mobile application. This service enhancement aims to provide greater convenience for customers, allowing them to easily access LBC’s services from anywhere.
To further streamline its operations and better serve its customers, LBC has undertaken an enterprise-wide restructuring of its systems and processes. This includes significant investments in digital infrastructure and the adoption of emerging technologies, ensuring that the company remains at the forefront of innovation in the logistics industry.
As LBC Express looks toward its 75th anniversary, the company remains optimistic about its future growth prospects. With its robust infrastructure, commitment to customer service, and ability to navigate internal and external challenges, LBC is well-positioned to continue its legacy of serving Filipinos worldwide with the reliability and care that have made it a trusted household name.