Global liquor firm Emperador Inc.’s nine-month net income slowed 2.3 percent to P4.67 billion from P4.78 billion a year ago amid soft overseas sales.
Nine-month revenues slipped by 4.6 percent to P41.2 billion from P43.2 billion, Emperador said a financial statement filed with the Philippine Stock Exchange Thursday.
The company’s brandy business, which generated 64 percent of total sales, returned to growth during the period, led by the Philippine market. A newly-introduced Fundador brand posted double-digit growth.
Revenues and other income for the brandy segment delivered P26.3 billion from January to September this year, up 5 percent year-on-year.
Third-quarter brandy sales declined by 6 percent to P7.84 billion from P8.33 billion in the same quarter a year ago.
The Scotch whisky segment continued to face headwinds from a soft global market, with consumers trading down to lower-priced brands amid weak global demand. Revenues and other income for the Scotch whisky segment declined 18 percent year-on-year to P14.9 billion.
Third-quarter Scotch whiskey sales also decreased by 16.8 percent to P5.17 billion from P6.22 billion in 2024.
The segment, however, posted slight quarter-on-quarter improvement, led by growth in Whyte & Mackay sales and higher sales in North America, the Middle East, Africa and India.
Emperador said its diversified product portfolio, global distribution reach in over 100 markets and deep inventory of aging liquid supported resilience amid challenging global conditions.
The company said it is actively growing its international footprint, focusing on its whisky and brandy portfolio, including Whyte & Mackay and Fundador.
It aims to boost exports and scale up premium product offerings to capture a larger share of the global spirits market.
Emperador is expanding its whisky maturation complex at its Invergordon distillery in Scotland, doubling its footprint from 45.4 hectares to 92 hectares.
The expansion will enable the grain distillery to house an additional 1.5 million casks of maturing whisky, it said.
