COSCO Capital, Inc., the retail holding company of Lucio Co, on Wednesday reported a 3.4-percent increase in 2025 consolidated net income to P15.96 billion from P15.4 billion a year earlier, driven by strong revenues across the group led by the grocery retail segment.
In a disclosure, the company said consolidated revenues rose 10.6 percent to P262 billion from P237 billion, benefiting from recovering consumer demand despite prevailing macroeconomic challenges.
“The group continued to benefit from the economic recovery amidst the prevailing economic challenges by way of sustained and stronger revenue growth across all its business segments, which indicates recovering consumer demand,” Cosco said.
The company’s board approved a 20-percent regular dividend equivalent to P0.265 per share, totaling P1.86 billion, for shareholders of record as of April 17, 2026.
It also declared a 10-percent special dividend of P0.133 per share, amounting to P931 million for shareholders of record as of Aug. 20, 2026.
Combined, the total dividend payout amounts to about P2.8 billion, reflecting a dividend yield of 5.77 percent, to be sourced from unrestricted retained earnings as of Dec. 31, 2025.
Cosco said its grocery retailing segment, led by Puregold Price Club, Inc. and S&R Membership Shopping Club, remained the largest contributor, accounting for 68 percent of total net income.
Liquor distribution followed with 23.5 percent while commercial real estate, energy and minerals, and specialty retail contributed 7 percent, 1 percent and 0.5 percent, respectively.
The grocery retail business posted revenues of P242.45 billion, up 10.6 percent from P219.17 billion, supported by same-store sales growth of 4.1 percent for Puregold and 6.1 percent for S&R.
Net income from the segment rose 8.8 percent to P11.3 billion, driven by higher sales and improved margins.
The liquor distribution business through The Keepers Holdings Inc. recorded revenues of P20.2 billion, up 9 percent year on year, buoyed by an 8-percent increase in case volumes.
Net income for the segment inched up by 0.8 percent to P3.56 billion, driven by strong demand for Alfonso brandy, recovery in on-premise channels and continued premiumization.
The Keepers board also approved a 50-percent regular dividend payout equivalent to P0.12 per share, totaling P1.74 billion, payable to shareholders of record as of April 17, 2026, reflecting a dividend yield of 5.55 percent. The payout will come from the company’s unrestricted retained earnings as of Dec. 31, 2025.
The commercial real estate segment posted rental revenues of P2.13 billion, up 2.4 percent, as tenant operations improved alongside increased economic activity and the full resumption of contractual rental rates, resulting in net income rising 6 percent to P1.14 billion.
Meanwhile, the energy and minerals segment saw revenues jump 63 percent to P526 million for a net income of P186 million, up by 5 percent, while specialty retail unit Office Warehouse Inc. recorded a 1.8-percent increase in revenues to P2.11 billion, with net income rising 6.2 percent to P69 million.
Cosco Capital shares on Wednesday jumped P0.16, or 2.32 percent, to close at P7.06 each, while The Keepers shares slipped P0.06, or 2.78 percent, to P2.10 each amid a 0.84-percent rise for the benchmark Philippine Stock Exchange index.