Ginebra San Miguel, Inc. (GSMI) reported a 9% increase in first-quarter net income to P2.3 billion in 2026 from P2.1 billion in the same period last year, according to a statement from BusinessWorld . The growth was attributed to improved margins and lower raw material costs.
Consolidated revenues for the January-to-March period rose 3% to P16.7 billion, compared with P16.3 billion a year earlier. The company said the margin improvement came from better cost management and favorable input prices.
GSMI, a subsidiary of San Miguel Corp., continues to benefit from stable demand for its flagship gin products. The company expects to maintain its growth trajectory through operational efficiencies and market expansion.