Lucio Co’s Cosco earns P11.9 billion in January-September

MANILA, Philippines — Cosco Capital Inc., the listed retail holding firm of tycoon Lucio Co, saw its profit jump by 11.8 percent to P11.96 billion in the first nine months from P10.7 billion last year.

Cosco’s grocery retailing businesses, Puregold Price Club Inc. and S&R Membership Shopping Club, accounted for 72 percent of total net income, followed by the liquor distribution segment with 19 percent, the commercial real estate segment with eight percent and energy, minerals and specialty retail with one percent.

Strong operating performance from major business segments lifted the group’s consolidated revenues by 10.2 percent to P201.57 billion from last year’s P182.88 billion.

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

The grocery retail segment registered an 18.8 percent year-on-year jump to P8.67 billion, driven by robust topline growth and improvement in gross margins amid sustained supplier support.

Consolidated revenues of the grocery retail segment stood at P187.71 billion for the nine month period up by 11.7 percent from P168.08 billion in the same period of 2025.

Net income of the liquor distribution business through The Keepers Holdings Inc., however, slipped by eight percent to P2.24 billion as a result of higher foreign currency exchange and fuel surcharges.

Revenue for the segment, which was flat at P13.38 billion, was driven principally by Alfonso, the leading imported brandy in the market.

The real estate segment’s net income climbed by 22.3 percent to P1.1 billion, while the energy and minerals business generated a net income of P100.5 million, down by 38 percent year-on-year.For the specialty retailing business segment, Office Warehouse Inc.’s revenues improved by 8.5 percent to P1.75 billion, resulting in a net income of P66.1 million.