Cosco Capital, Inc., the listed retail holding company of businessman Lucio L. Co, reported a 9.3 percent increase in its consolidated net income to P7.6 billion for the first half of 2025, up from P6.97 billion during the same period last year. Consolidated revenues also rose by 12.3 percent to P119.5 billion from P106.4 billion, driven by strong performances across its major business segments.
The company continues to benefit from improving consumer demand despite ongoing macroeconomic challenges, with revenue growth seen across all business units.
The grocery retailing segment, composed of Puregold Price Club, Inc. and S&R Membership Shopping Club, remained the group’s core contributor, accounting for 70 percent of net income. Segment revenues reached P109.9 billion, up 12 percent from P98.5 billion. Same-store sales growth (SSSG) was strong, with Puregold posting a growth of 6.4 percent and S&R at 4.7 percent, driven by higher basket sizes and increased foot traffic. Segment net income rose 7.1 percent to P5.3 billion.
Liquor distribution, through The Keepers Holdings, Inc., saw revenues rise 17 percent to P9.04 billion, fueled by a 22 percent increase in volume, primarily from imported brandy Alfonso. Net income for the segment grew 14 percent to P1.6 billion.
The Commercial Real Estate segment posted P618 million in rental revenues, up 1 percent, while net income increased 15 percent to P559 million.
Cosco’s Energy and Minerals segment recorded P309 million in revenues and P117 million in net income.
Specialty retail arm Office Warehouse, Inc. also saw improvement, with revenues up 4.5 percent to P1.04 billion and net income rising 14 percent to P44.5 million.
Overall, Cosco Capital’s strong first-half performance highlights broad-based growth across its diversified portfolio, reinforcing its position in the retail and distribution sectors.
