Cosco Capital posts 11.8 per cent rise in nine-month profit
Grocery retailing contributed 72 per cent of net income, while liquor distribution earnings fell as currency and fuel costs increased.
Philippine retail holding company Cosco Capital Inc. reported a profit of ₱11.96 billion for the first nine months of 2026, an increase of 11.8 per cent from ₱10.7 billion a year earlier. Group revenue reached ₱201.57 billion, up 10.2 per cent from ₱182.88 billion.
The Lucio Co-led company attributed revenue growth across its main businesses to resilient consumer demand despite macroeconomic challenges. Its grocery operations, Puregold Price Club Inc. and S&R Membership Shopping Club, contributed 72 per cent of total net income.
Grocery earnings increased by 18.8 per cent to ₱8.67 billion, supported by sales growth, improved gross margins and continued supplier support. Revenue from the segment rose 11.7 per cent to ₱187.71 billion from ₱168.08 billion in the corresponding period of 2025.
Liquor distribution through The Keepers Holdings Inc. recorded net income of ₱2.24 billion, down eight per cent because of higher foreign-exchange costs and fuel surcharges. Segment revenue was unchanged at ₱13.38 billion, with Alfonso brandy the main contributor.
Real estate net income rose 22.3 per cent to ₱1.1 billion. Energy and minerals earnings fell 38 per cent to ₱100.5 million. Specialty retailer Office Warehouse Inc. posted revenue of ₱1.75 billion, an increase of 8.5 per cent, and net income of ₱66.1 million.
