Ginebra San Miguel (GSMI) Q4 2025 earnings summary

Executive summary

• Revenue grew 8% year-over-year to ₱67.4 billion, driven by price adjustments and modest volume growth.

• Net income increased 20% to ₱8.68 billion, with improved margins from lower raw material costs and cost efficiencies.

• Gross profit rose 15% to ₱17.5 billion, while operating income and EBITDA also showed strong gains.

• The company maintained its market leadership in gin and Chinese wine, with core brands accounting for 99% of revenues.

Financial highlights

• Sales: ₱67.4B (up 8% YoY); Gross profit: ₱17.5B (up 15% YoY); Net income: ₱8.68B (up 20% YoY).

• Earnings per share: ₱30.30 (up from ₱25.34 in 2024).

• Book value per share: ₱90.85 (up from ₱76.63 in 2024).

• Cash and cash equivalents increased 32% to ₱15.0B.

• Dividends declared: ₱4,581M paid in 2025.

Outlook and guidance

• Management expects continued revenue growth, supported by product innovation, expanded distribution, and cost management.

• Ongoing focus on sustainability, efficiency, and risk mitigation amid volatile raw material prices and regulatory changes.