Ginebra San Miguel Inc. (GSMI), the company that makes alcoholic drinks for San Miguel Corporation, has announced that it continues to do well in the first three months of 2026, building on its excellent performance from last year.

According to the SEC Form 17-C filing dated May 28, 2026, the company is showing strong financial results despite facing some business challenges.

What Happened in Q1 2026?

From January to March 2026, GSMI earned P16.7 billion in total revenues. This is 3% more than what they made during the same period last year. Think of it like getting P103 instead of P100 – a small but steady improvement.

More impressively, their operating income (the money they make from actually running their business) grew 15% to P2.8 billion. Their gross profit, which is the money left after paying for the costs of making their products, jumped 11% to P4.5 billion. This happened because they were able to sell their products at better prices, molasses (a key ingredient in making alcohol) became cheaper, and they found better ways to run their distilleries.

The company’s net income (the actual profit after all expenses) reached P2.3 billion in the first quarter, which is 9% better than the same time last year.

Record-Breaking 2025 Performance

GSMI’s strong start to 2026 follows an impressive 2025. Last year marked the company’s 12th year in a row of selling more products, with a record-breaking 51 million cases sold.

For the full year 2025, the company’s revenues grew 8% to P67.4 billion. This happened because they had good pricing strategies and kept selling steady amounts of products. Their operating income rose 21% to P10.4 billion, while their net income increased 20% to P8.7 billion in 2025, up from P7.3 billion in 2024.

Ramon S. Ang, who is the President and CEO of GSMI, explained that even though there were cost pressures affecting the economy, the company stayed focused and disciplined. This helped them gain more market share and strengthen their position as the leader in the Philippine liquor industry.

What Made Them Successful?

A big reason for GSMI’s 2025 success was their main Ginebra San Miguel marketing campaign called “Kabayani Kita sa One Ginebra Nation,” along with a consumer promotion called “Ginstanalo sa One Ginebra Nation.” These campaigns helped make the brand stronger and sell more products. They also helped the company maintain its leadership in Luzon and grow bigger in the Visayas and Mindanao regions.

Other brands also did well. Vino Kulafu had an award-winning campaign called “Kul-disyon sa Naay Ambisyon.” GSM Blue stayed popular with younger consumers, while Primera Light Brandy attracted more customers.

Investing in the Future

GSMI isn’t just focused on selling more products now. They’re also spending money to improve their operations for the long term. This includes updating their bottling lines (where they put their products into bottles) and expanding their network for washing second-hand bottles.

These investments are meant to help the company keep growing, make their supply chain stronger, connect better with different regions, and create more premium products for customers who want higher-quality options.

About Ginebra San Miguel Inc.

GSMI is the company that makes Ginebra San Miguel, which is the world’s largest-selling gin. They also produce many other alcoholic beverages including GSM Blue Mojito, GSM Blue Lychee Martini, GSM Blue Margarita, GSM Blue Gin Pomelo, GSM Blue Light Gin, Ginebra San Miguel Premium Gin, 1834 Premium Distilled Gin, Archangel Reserve Premium Dry Gin, Antonov Vodka, Freedom Island Light Rum, Primera Light Brandy, Vino Kulafu (the Philippines’ number 1 Chinese wine), and Vamos Tequila Gold.

GSMI trades on the Philippine Stock Exchange under the ticker symbol GSMI and has SEC Registration Number 142312.

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.