Lucio L. Co-led by Cosco Capital, Inc. said its net income rose 3.4% to P15.96 billion in 2025 from P15.4 billion a year earlier, driven by its grocery and liquor sectors.
In a regulatory filing on Wednesday, the company said consolidated revenues rose 10.6% to P262 billion in 2024 from P237 billion.
PureGold Price Club, Inc. And the grocery retail segment's share in total net income stood at 68%, led by S&R Membership Shopping Club. This was followed by liquor distribution at 23.5%, commercial real estate at 7%, energy and minerals at 1% and specialty retail distribution at 0.5%.
“The group continued to benefit from the economic recovery amid ongoing macroeconomic challenges through sustained and strong revenue growth across all its business segments, indicating improving consumer demand,” Cosco Capital said.
For 2025, the grocery retail business's net income increased by 8.8% to P11.3 billion, while revenue increased by 10.6% to P242.45 billion.
PureGold stores reported a 4.1% increase in same-store sales, while S&R Warehouse Clubs reported a 6.1% increase, driven by higher foot traffic and larger basket sizes.
The Keepers Holdings, Inc. The liquor distribution segment reported a 0.8% increase in net income to P3.56 billion, led by .
Revenue rose 9% to P20.2 billion, supported by an 8% increase in case volumes.
The company attributed the growth to the strong performance of Alphonso imported brandy, shift towards higher-end products and improvement in on-premise sales.
Keepers distributes liquor brands including Johnnie Walker, Chivas Regal, Glenfiddich, Suntory, Genaro, Jose Cuervo, Jim Beam and Penfolds.
Net income of the commercial real estate segment rose 6% to P1.14 billion.
Rental revenue increased 2.4% to P2.13 billion, supported by improvement in tenant operations and full restoration of contractual rental rates.
The energy and minerals segment generated P186 million in net income and P526 million in revenue.
Meanwhile, Office Warehouse, Inc. The specialty retail segment reported a 6.2% increase in net income to P69 million, while revenue rose 1.8% to P2.11 billion. — Alexandria Grace C. Magno