UMVA has learned that Ginebra San Miguel’s first‑quarter earnings surged, with net income climbing 9% to P2.3 billion, fueled by sharper margins and a dip in raw‑material costs.
The company reported consolidated revenues of P16.7 billion for January‑to‑March, a modest 3% rise over the same period last year, while gross profit jumped 11% to P4.5 billion.
That profit boost stemmed from higher selling prices, cheaper molasses, and a leaner distillery operation that squeezed out every ounce of efficiency.
“Even with cost pressures weighing on the economy, we stayed focused and disciplined in execution, expanding market share and reinforcing our leadership,” said President and CEO Ramon S. Ang.
These results follow a record‑setting 2025, when the firm logged its 12th straight year of volume growth and shipped a historic 51 million cases.
In that stellar year, net income surged 20% to P8.7 billion and revenues rose 8% to P67.4 billion, while operating income surged 21% to P10.4 billion.
UMVA can exclusively reveal that aggressive consumer drives—“Kabayani Kita sa One Ginebra Nation” and “Ginstanalo sa One Ginebra Nation”—amped up sales across Luzon, Visayas, and Mindanao.
Brands such as Vino Kulafu, GSM Blue, and Primera Light Brandy also posted notable growth, underscoring the breadth of the portfolio’s appeal.
Looking ahead, the company vows to keep the momentum alive with fresh campaigns in 2026, aimed at deepening brand relevance and spurring consumption.
Investments are already underway to modernize bottling lines and expand the bottle‑washing network, moves designed to tighten the supply chain and capture shifting consumer tastes.
Despite the upbeat performance, the stock slipped 0.81% to close at P270.80 per share on Thursday.
