Cosco Capital reports 9.3% profit increase

Cosco Capital Inc., led by tycoon Lucio Co, reported higher profits in the first half of 2025 due to strong revenue growth across all business segments.

Net income increased by 9.3% to P7.6 billion from P6.97 billion in the same period last year.

Puregold Price Club Inc. and S&R Membership Shopping Club, Cosco's grocery retailing businesses, contributed 70% of total earnings, followed by liquor distribution with 22%.

Total revenues grew by 12.3% to P119.5 billion from P106.4 billion in the same period last year.

Cosco attributed its success to sustained revenue growth across all segments despite macroeconomic challenges, indicating a recovering consumer demand.

The company plans to invest P7 billion this year for capital expenditures, primarily for expanding grocery retail stores and real estate projects.