November 13, 2025 | 12:00am
MANILA, Philippines — Strong operating performance from major business segments bolstered earnings of Cosco Capital Inc. in the nine months ending September.
The listed retail holding firm of Lucio Co reported a 6.6 percent growth in its net income to P10.7 billion in the first three quarters from P10 billion a year ago.
The group’s grocery retailing businesses, Puregold Price Club Inc. and S&R Membership Shopping Club, contributed majority of total net income at 68 percent, followed by the liquor distribution with 22 percent, commercial real estate segment with eight percent and energy and minerals and specialty retail with two percent.
Revenues for the nine-month period expanded by 11.5 percent to P182.9 billion from P164 billion in the same period of 2024.
“The group continued to benefit from the economic recovery amidst the prevailing macroeconomic challenges by way of sustained and stronger revenue growth across all its business segments which indicates the recovering consumer demand,” Cosco said.
In terms of business segments, Cosco’s grocery retail group delivered a net income of P7.3 billion, up by 5.6 percent year-on-year, driven by strong topline growth and complemented by slight increase in gross margins.
Net income for the liquor distribution business through The Keepers Holdings Inc. saw an increase of 12 percent to P2.43 billion as a result of the strong sales performance from the imported brandy segment.
The commercial real estate segment also grew its profit by 10 percent to P838 million despite recording a 2.3-percent dip in rental revenues during the period.