Cosco bottom line rose 9.2% in January-June period

MANILA, Philippines — Cosco Capital Inc. grew its consolidated net income by 9.2 percent in the first half of 2026, thanks to stronger contributions from its grocery retail and liquor businesses.

The retail holding firm said on Friday it booked a consolidated net income of P8.31 billion from January to June, up from P7.61 billion in the same period last year.

READ: Cosco March quarter income jumped 21.6%

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Net income attributable to equity holders of the parent company rose 8.5 percent to P4.90 billion from P4.52 billion.

Consolidated revenues likewise climbed 9.5 percent to P130.91 billion from P119.54 billion, as the group recorded growth across its major business segments.

“The group continued to benefit from the economic recovery amidst the prevailing macroeconomic challenges by way of sustained and stronger revenue growth across all its major business segments which indicates the recovering consumer demand,” the company said.

Liquor distribution contributed 21 percent, followed by commercial real estate at 8 percent.

Grocery retail revenues rose 10.6 percent to P121.48 billion from P109.88 billion.

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Same-store sales growth reached 3.7 percent for Puregold stores, driven by higher basket sizes.

READ: Puregold sales growth lifts H1 profit to P5.87B

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S&R warehouse clubs posted 12.8-percent growth on increased traffic.

The segment’s consolidated net income increased by 10.8 percent to P5.87 billion from P5.3 billion, supported by top-line growth and improved gross margins.

Cosco’s liquor distribution arm, The Keepers Holdings Inc., booked a 7.2-percent increase in first-half net income to P1.74 billion from P1.62 billion.

Consolidated net sales rose 2 percent to P9.22 billion from P9.04 billion.

Keepers attributed the performance to strong sales volumes from its imported brandy and spirits segment.

Alfonso, its leading imported brandy, has already surpassed pre-pandemic levels, while the company also benefited from a “premiumizing” market and a rebound in the on-premise channel. INQ