GINEBRA San Miguel Inc. reported an 8.5-percent increase in earnings in the first quarter, supported by firmer revenues and improved pricing.
In a report to the stock exchange, the liquor unit of San Miguel Corp. said net income rose to about P2.3 billion from January to March 2026 versus P2.1 billion in the same period last year.
Revenues rose 2.8 percent to around P16.73 billion from P16.27 billion previously on sustained demand for its products, with price adjustments of its products also boosting the top line.
The company said the stronger top line helped offset cost pressures, allowing it to post improved operating results for the quarter.
Ginebra San Miguel, known for its flagship gin brands, continues to benefit from its dominant position in the local spirits market, with demand holding up despite a still challenging consumer environment.
The latest performance follows the firm’s steady growth trajectory in recent years, supported by volume expansion and pricing initiatives.
The company ended the first quarter with total assets of roughly P39.2 billion and total liabilities of P12 billion, both higher compared to end-2025 levels.
It reported retained earnings of P28.7 billion at the end of March this year, up from P27.5 billion as of end-2025.
Stockholders’ equity, meanwhile, improved to P27.16 billion versus P26 billion at the end of last year, resulting in an improved book value per share of P94.85 from P90.85 three months prior.
Ginebra San Miguel shares closed up P9.20, or 3.44 percent, to P276.60 each on Thursday.
