Cosco Capital, Inc., a company owned by businessman Lucio L. Co that invests in retail businesses, announced strong financial results for the first three months of 2026. According to their report filed with the Securities and Exchange Commission (SEC) on May 7, 2026, the company made significantly more money compared to last year.

What Did Cosco Capital Earn?

Think of net income as the actual money a company gets to keep after paying all its bills and expenses. Cosco Capital’s net income reached PHP 4.47 billion in the first quarter of 2026. This is 21.6% higher than the PHP 3.68 billion they earned during the same period in 2025.

The company’s total revenues (all the money coming in from selling products and services) also increased by 11.3%, growing from PHP 56.7 billion in early 2025 to PHP 63.1 billion in early 2026. That’s an increase of PHP 6.42 billion!

What Does Cosco Capital Do?

Cosco Capital is like a parent company that owns different types of businesses. Here’s how each business performed:

1. Grocery Stores (72% of profit)

This is their biggest money-maker. Cosco Capital owns Puregold Price Club and S&R Membership Shopping—stores where people buy food and household items. These grocery businesses earned PHP 58.78 billion in sales, which is 12.1% more than last year’s PHP 52.42 billion.

The grocery segment’s profit jumped 23.7% to PHP 3.26 billion from PHP 2.64 billion. According to the company, Puregold stores saw customers buying more items per visit (a 5.4% increase), while S&R had more shoppers visiting their stores (a 12% increase).

2. Liquor Distribution (18% of profit)

Through The Keepers Holdings Inc., Cosco Capital distributes alcoholic beverages like Alfonso brandy. This business made PHP 4.3 billion in sales, up 6.1% from last year. They sold 4% more cases of liquor compared to 2025.

Profit from liquor distribution grew 17.6% to PHP 811 million from PHP 690 million, as restaurants and bars continued recovering and more people bought premium brands.

3. Commercial Real Estate (8% of profit)

Cosco Capital rents out space in shopping centers and commercial buildings. Rental income increased 22.1% to PHP 612 million because more businesses are operating and paying full rent again. Profit from real estate grew 28.1% to PHP 350 million from PHP 273 million.

4. Specialty Retail (2% of profit)

Office Warehouse, Inc., which sells office supplies and equipment, earned PHP 565 million in sales—a 4.3% increase from PHP 541 million. Profit grew slightly by 2.2% to PHP 30.5 million.

5. Energy and Minerals (2% of profit)

This was the only segment that declined. Revenue dropped 34% to PHP 97 million from PHP 146 million, and profit decreased 13% to PHP 50 million from PHP 58 million in 2025.

What’s Driving the Growth?

According to the company’s report, Cosco Capital benefited from the continuing economic recovery in the Philippines. More people are shopping and spending money despite economic challenges, which helped all their major businesses grow.

Important Details

Cosco Capital has 7,029,524,664 common shares outstanding as of this report. The company’s Board of Directors approved these first quarter 2026 financial results during their regular meeting on May 7, 2026. The company is required to submit its complete quarterly report (SEC Form 17-Q) by May 15, 2026.

This article is based on the company’s official press release and disclosures filed with the Philippine Stock Exchange’s Electronic Disclosure Generation Technology (PSE EDGE) system. For the complete and official version of the announcement, readers may visit the PSE EDGE website and search for the company’s filing directly.