Revenues rose 10.5 percent to P237 billion, reflecting the continued recovery in consumer demand despite macroeconomic headwinds, a stock exchange filing on Monday showed.
The board declared a total of P2.79 billion in cash dividends—comprising a 20 percent regular payout and 10 percent special payout—translating to a 7.45 percent dividend yield. These will be paid in May and September 2025.
Cosco’s grocery business, led by Puregold and S&R, is the backbone of its retail empire
• Puregold and S&R, Cosco’s core grocery chains, made up 68 percent of total net income in 2024.
• Segment revenues rose 10.1 percent to P219.17 billion, with strong same-store sales growth from both brands.
• Net income jumped 21.3 percent to P10.4 billion, driven by higher traffic, larger basket sizes, and better S&R margins.
Liquor volumes surge as Alfonso brandy hits new highs
Liquor distribution, handled by The Keepers Holdings, brought in P18.5 billion in revenue, up 13.6 percent, as case volumes climbed 14 percent.
Alfonso brandy led the growth, surpassing pre-pandemic sales. Segment net income rose 21.3 percent to P3.54 billion, accounting for 23.5 percent of group profits.
Real estate earnings rebound as rental collections normalize
Commercial real estate posted P2.05 billion in rental revenue, up 5.2 percent, as tenant activity improved and rental contracts resumed.
Net income grew 20.6 percent to P1.13 billion, making up 7 percent of Cosco’s total earnings.
Energy gains, office retail dips
The energy and minerals segment earned P492 million in revenue, with net income at P177 million.
Specialty retail, via Office Warehouse, saw revenue decline 3.4 percent to P2.08 billion, pulling net income down 16.8 percent to P65 million.
Cosco’s diverse portfolio softened the impact of weaker office retail results, the filing showed.
