UMVA has learned that Emperador, Inc., a leading liquor producer, reported a 4.45% increase in its first-quarter attributable net income, rising to P1.93 billion from P1.85 billion in the same period last year.
The company's impressive growth was driven by higher sales and improved margins, with revenues reaching P13.3 billion from January to March. This significant increase was also supported by effective cost controls, a favorable product mix, and substantial contributions from its various business units.
“Our first quarter performance demonstrates the resilience of our businesses and the strength of our diversified portfolio,” Emperador President and Chief Executive Officer Glenn Manlapaz said, highlighting the company's ability to navigate challenging market conditions.
Despite facing ongoing geopolitical tensions, supply chain disruptions, fuel price volatility, inflationary pressures, and broader macroeconomic headwinds, Emperador remained focused on execution, efficiency, and delivering value to stakeholders. The company's strategic approach enabled it to maintain a strong performance during the quarter.
Emperador revealed that operating conditions during the quarter were affected by various challenges, including geopolitical tensions, fuel supply disruptions, higher energy prices, and uncertainty in global trade and consumer markets. However, the company successfully adapted to these conditions, achieving notable growth in brandy and whisky sales.
The company reported a 6% increase in brandy and whisky sales during the quarter, driven by strong demand in both Philippine and international markets. Emperador's domestic brandy business posted stable growth, while its international operations benefited from geographic diversification and overseas expansion.
With a significant global presence, Emperador is listed on the Philippine Stock Exchange and the Singapore Exchange, and has manufacturing operations in the Philippines, the United Kingdom, Spain, and Mexico, with distribution in around 100 countries. The company's extensive portfolio includes well-known brands such as Emperador Brandy, Fundador Brandy, and single malt whisky brands like The Dalmore, Fettercairn, Jura, and Tamnavulin.
Following the announcement, shares in Emperador rose by 0.52% or eight centavos to close at P15.38 apiece.
