The liquor maker has earmarked P2.4 billion for 2026 capital expenditures, down from about P4 billion last year, as several large-scale investments move from construction to operation.
More than half of the budget will be directed toward the whisky business for new warehouses, maturation sites and facility upgrades, with the remainder allocated to improving brandy production and distribution facilities.
The lower spending reflects a shift from building capacity to maximizing returns from assets that have recently come online, particularly in its premium whisky portfolio.
Whisky expansion completed
Among the projects recently completed is the expansion of the Dalmore distillery in Scotland, which doubled production capacity and was accompanied by the construction of additional warehouses needed to mature the increased whisky output.
The company said the expanded facilities position the brand to support future growth while meeting rising demand for aged single malt whiskies.
Sustainability projects online
Emperador has also completed a biomass boiler in Jura and a bioenergy center in Invergordon, both aimed at reducing the environmental footprint of its whisky operations.
In the Philippines, the company installed an air emissions treatment plant at its glass manufacturing facility to improve air quality around the site.
Focus turns to returns
With several major projects now operational, Emperador’s investment strategy is shifting from heavy capital deployment toward optimizing production, distribution and aging infrastructure across its global portfolio.
The company owns a stable of international spirits brands, including Emperador and Fundador brandies, as well as single malt whisky brands The Dalmore, Jura, Fettercairn and Tamnavulin.
—Edited by Miguel R. Camus
