Cash is flowing up the retail empire of ultra bilyonaryo Lucio and Susan Co empire and shareholders are getting a cut on both fronts.
Cosco Capital, Inc. and its liquor arm The Keepers Holdings, Inc. have approved more than ₱4.5 billion in combined cash dividends, reflecting steady earnings from the group’s consumer-driven businesses.
Cosco booked a 3.4% increase in net income to ₱15.96 billion in 2025, as revenues climbed 10.6% to ₱262 billion. The bulk of profits continued to come from grocery retail, led by Puregold Price Club, Inc. and S&R, which together accounted for 68% of total earnings. Liquor distribution, real estate, energy, and specialty retail contributed the rest.
From those earnings, Cosco declared a two-part dividend. Regular dividends will reach ₱1.86 billion, or ₱0.265 per share, payable on May 11 to shareholders on record as of April 17. The company will also issue a special dividend of ₱931.66 million, or ₱0.133 per share, payable on September 14 to shareholders on record as of August 20.
The combined payout of about ₱2.8 billion translates to a 5.77% dividend yield and a 30% payout ratio, funded from unrestricted retained earnings.
The same cash flow strength is evident at Keepers. The liquor unit posted a 0.8% rise in net income to ₱3.56 billion in 2025, while revenues grew 9% to ₱20.2 billion on higher volumes and a recovery in on-premise consumption.
Keepers approved a 50% dividend payout, equivalent to ₱0.12 per share or about ₱1.74 billion in total dividends. The payout, with a 5.55% yield, will go to shareholders on record as of April 17.
Together, the payouts show how the Co group is converting everyday spending into consistent returns. From supermarket aisles to liquor shelves, the business continues to generate cash and pass it on to investors.
