Emperador Inc. said Wednesday its first-quarter net income inched up 2.1 percent to P1.9 billion on higher sales and improved margins despite continued macroeconomic and geopolitical headwinds.
Revenues grew nearly 10 percent to P13.3 billion. Net profit to equity holders of the parent company also increased 4.5 percent year-on-year, which the company attributed to disciplined cost management, a favorable product mix and operational excellence across its business units.
Combined sales of brandy and whisky increased 6 percent in the first quarter of 2026 compared with the same period last year. The growth was supported by sustained consumer demand, operational efficiencies and steady contributions from both its Philippine and international operations.
“Our first quarter performance demonstrates the resilience of our businesses and the strength of our diversified portfolio,” Emperador president and chief executive Glenn Manlapaz said.
“Despite ongoing geopolitical tensions, supply chain disruptions, fuel price volatility, inflationary pressures and broader macroeconomic headwinds, we remained focused on execution, efficiency and delivering value to stakeholders,” he said.
The company said its operating environment remained challenging in the first three months of the year due to geopolitical conflicts, fuel supply disruptions, elevated energy prices and continued uncertainties affecting international trade and consumer markets.
To mitigate these risks, the firm adopted prudent management strategies to sustain its growth momentum and improve profitability.
Emperador said it remains cautiously optimistic for the remainder of 2026, citing its strong fundamentals, strategic investments and ongoing efforts to enhance operational resilience.
The company operates manufacturing facilities in the Philippines, the UK, Spain and Mexico, and distributes its products across 100 countries. Its portfolio includes Emperador Brandy, Fundador Brandy and single malt whiskies such as The Dalmore, Fettercairn, Jura and Tamnavulin.
