Puregold sets P8.8B capex for expansion

Business & Finance
9 Apr 2026 • 12:11 AM MYT
The Manila Times
The Manila Times

One of the longest-running English broadsheets in the Philippines

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RETAILER Puregold Price Club, Inc. is gearing up for a nationwide expansion this year following a strong financial performance in 2025, allocating P8.8 billion for capital expenditures (capex) to accelerate its retail footprint and strengthen its reach in key provincial markets.

The capex plan, significantly higher than the previous year’s P6.35 billion budget, will fund new store openings, warehouse club formats, quick‑service restaurant models and strategic infrastructure upgrades that aim to boost accessibility and convenience for consumers outside Metro Manila.

“Following record revenues and positive same‑store sales growth in 2025, we are doubling down on expansion in underserved regions to support sustained long‑term growth and improve customer reach,” Puregold President Ferdinand Vincent Co said.

Puregold’s new capex strategy comes on the back of a 10.6-percent rise in consolidated revenues to P242.45 billion and an 8.8-percent increase in net income to P11.3 billion in 2025, underpinned by strong topline performance and profit margin improvement.

As of end‑December 2025, the company operated 784 stores nationwide, including 680 Puregold outlets, 33 S&R Membership Shopping Warehouses and 71 S&R New York Style quick service restaurants. It also acquired 153 Puremart stores during the year.

The expanded capex allocation is expected to support new builds and remodels, logistical upgrades and technology investments that align with the company’s growth targets in fast‑growing provincial areas, responding to rising demand for value grocery offerings and bulk retail formats.

Puregold shares on Wednesday rose P1.20, or 2.95 percent, to close at P41.90 each.