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Strong LPG Sales Drive Pryce Corp's P1 Billion Profit in Q1

Business
April 28, 2026 · 1:24 PM
Strong LPG Sales Drive Pryce Corp's P1 Billion Profit in Q1

Pryce Corp. sustained its profitability in the first quarter of 2026, reporting a net income of P1.084 billion, buoyed by robust liquefied petroleum gas (LPG) sales.

The January-to-March profit was marginally higher than the P1.062 billion recorded a year earlier, according to a company statement. Revenues climbed 3.39% to P5.98 billion from P5.79 billion.

LPG remained the firm's primary revenue driver, contributing P5.45 billion. Industrial gases also posted strong growth, surging 39% to P376.11 million. Real estate and memorial park operations added P98.42 million, while pharmaceutical products chipped in P17.79 million.

The company said its LPG business continues to be the cornerstone of its earnings, supported by steady demand across its customer base.