GINEBRA SAN MIGUEL, Inc. (GSMI) said its first-quarter net income rose 9% to P2.3 billion in 2026 from P2.1 billion a yr earlier, driven by improved margins and lower raw material costs.
In a press release on Thursday, the corporate said consolidated revenues for the January-to-March period increased 3% to P16.7 billion from P16.3 billion in the identical period last yr.
Gross profit rose 11% to P4.5 billion, which the corporate attributed to higher selling prices, lower molasses costs, and improved distillery efficiencies.
“Even with cost pressures affecting the broader economy, we stayed focused and disciplined in execution, ultimately expanding our market share and further reinforcing our leadership within the domestic industry,” GSMI President and Chief Executive Officer Ramon S. Ang said.
The corporate said the first-quarter performance followed its 2025 results, when it posted its 12th consecutive yr of volume growth and sold a record 51 million cases.
In 2025, GSMI’s net income increased 20% to P8.7 billion from P7.3 billion in 2024. Revenues rose 8% to P67.4 billion, while operating income climbed 21% to P10.4 billion.
The corporate said the “Kabayani Kita sa One Ginebra Nation” campaign and the “Ginstanalo sa One Ginebra Nation” consumer promotion helped support sales volumes and market share in Luzon, Visayas, and Mindanao in 2025.
In line with the corporate, brands resembling Vino Kulafu, GSM Blue, and Primera Light Brandy also posted growth throughout the period.
GSMI said it plans to proceed launching campaigns in 2026 to support brand relevance and consumption growth.
The corporate said additionally it is investing in operational improvements, including the modernization of bottling lines and the expansion of its bottle-washing network.
“These investments are aimed toward sustaining growth, strengthening its supply chain, deepening regional engagement, and expanding our premium portfolio to capture evolving consumer preferences,” it said.
Shares in GSMI fell 0.81% to shut at P270.80 each on Thursday. — Alexandria Grace C. Magno