A surge in consumer spending propelled Cosco Capital, Inc. to a 3.4% increase in net income, reaching P15.96 billion by the close of 2025. This growth signifies a strengthening economic recovery, even amidst ongoing global challenges, and points to a renewed confidence in the marketplace.
The company’s consolidated revenue mirrored this positive trend, climbing 10.6% to P262 billion compared to the previous year’s P237 billion. This substantial increase demonstrates the effectiveness of Cosco Capital’s diversified business strategy and its ability to capitalize on emerging opportunities.
Grocery retail, spearheaded by the popular Puregold Price Club and the exclusive S&R Membership Shopping Club, remained the dominant force, contributing a remarkable 68% to the company’s total net income. This segment’s consistent performance underscores its crucial role in meeting the evolving needs of Filipino consumers.
Liquor distribution, through The Keepers Holdings, Inc., secured the second-largest share of net income at 23.5%, showcasing a robust demand for both local and international spirits. Commercial real estate, energy, minerals, and specialty retail rounded out the portfolio, each contributing to the overall success.
The grocery retail business itself experienced an impressive 8.8% jump in net income, reaching P11.3 billion, with revenue climbing to P242.45 billion. This growth was fueled by a combination of increased foot traffic and customers adding more items to their baskets.
Puregold stores saw a 4.1% rise in same-store sales, indicating strong customer loyalty and effective merchandising strategies. S&R Warehouse clubs performed even better, with a 6.1% increase, driven by the appeal of bulk purchases and exclusive offerings.
The Keepers Holdings, Inc. reported a modest but significant 0.8% increase in net income, reaching P3.56 billion, alongside a 9% revenue increase to P20.2 billion. This success was driven by an 8% surge in case volumes, demonstrating a consistent demand for their diverse portfolio of brands.
A particularly strong performer within the liquor segment was Alfonso imported brandy, which experienced heightened demand. Consumers also demonstrated a preference for higher-end products, and a welcome recovery in on-premise sales – at bars and restaurants – further boosted revenue.
The Keepers distributes a prestigious collection of globally recognized liquor brands, including Johnnie Walker, Chivas Regal, Glenfiddich, Suntory, Jinro, Jose Cuervo, Jim Beam, and Penfolds, catering to a wide range of tastes and preferences.
Cosco Capital’s commercial real estate segment also thrived, with a 6% increase in net income to P1.14 billion. This growth was supported by a 2.4% rise in rental revenue, as tenant operations improved and previously adjusted rental rates were fully reinstated.
The energy and minerals segment contributed P186 million in net income and P526 million in revenue, demonstrating a stable performance within this sector. Meanwhile, Office Warehouse, Inc., leading the specialty retail segment, saw a 6.2% increase in net income to P69 million.
Specialty retail revenue rose by 1.8% to P2.11 billion, indicating a steady demand for office supplies and furniture. These results collectively paint a picture of a resilient and adaptable company, poised for continued growth in a dynamic economic landscape.
