Cosco Capital Inc., the investment holding firm led by retail tycoon Lucio Co, reported a robust financial performance for the first quarter of 2026, with consolidated net income leaping 21.6% to ₱4.47 billion.
The company’s total revenue climbed 11.3%, reaching ₱63.1 billion compared to the ₱56.7 billion recorded during the same timeframe in 2025. This growth follows a strong previous year, where the company saw its consolidated net income reach ₱15.96 billion.
The conglomerate’s retail giants, Puregold and S&R, remained the primary drivers of growth, generating a combined revenue of ₱58.78 billion, a 12.1% increase year-on-year.
Puregold recorded a 5.4% rise in same-store sales, attributed to larger “basket sizes” per transaction. Meanwhile, S&R Membership Shopping saw a 12% jump in sales, fueled by a growing customer base.
The liquor distribution segment, managed by The Keepers Holdings, also saw positive momentum:
- Revenue: Increased 6.1% to ₱4.3 billion.
- Performance: Growth was driven by higher sales volume, with imported brandy Alfonso maintaining its position as the top seller.
- Portfolio: The group continues to distribute global brands such as Johnnie Walker, Chivas Regal, Suntory, Jinro, Jose Cuervo, and Red Bull.
Additionally, the group’s specialty retail arm, Office Warehouse Inc., contributed to the bottom line with a 4.3% expansion in net income, totaling ₱565 million.