Ginebra San Miguel Inc. (GSMI) posted continued growth in the first quarter of 2026 despite tough business conditions. Revenues rose 3% year-on-year to ₱16.7 billion, while operating income went up 15 percent to ₱2.8 billion. Gross profit increased 11 percent to ₱4.5 billion, and net income grew 9 percent to ₱2.3 billion, supported by better pricing, lower raw material costs, and improved production efficiency.
This performance follows a strong 2025, when GSMI marked its 12th straight year of volume growth and sold a record 51 million cases. Full-year 2025 revenues climbed 8 percent to ₱67.4 billion, operating income rose 21 percent to ₱10.4 billion, and net income increased 20 percent to ₱8.7 billion.
President and CEO Ramon S. Ang noted the company expanded its market share and maintained industry leadership despite economic pressures. Successful 2025 campaigns for its flagship brand and other products boosted sales and reach across the Philippines.
In 2026, GSMI plans new marketing drives and investments in facility upgrades and supply chain improvements to sustain growth, expand its premium products, and match changing consumer preferences. GSMI produces the world’s top-selling gin and a wide range of popular spirits and beverages.
