Mindanao-based LPG distributor Pryce Corporation reported a modest increase in first-quarter earnings for 2026, supported by steady demand in its core liquefied petroleum gas (LPG) business and continued expansion in industrial gases.

In a disclosure today, the company said consolidated net income reached PHP 1.084 billion for the period ending March 31, 2026, slightly higher than the PHP 1.062 billion recorded in the same period last year. Total revenues rose 3.39% to PHP 5.98 billion from PHP 5.79 billion year-on-year.

The bulk of revenues continued to come from LPG, which contributed PHP 5.45 billion during the quarter. Meanwhile, the industrial gas segment posted the fastest growth, increasing by 39% to PHP 376.11 million.

Smaller business units also contributed incremental gains. Real estate and memorial park operations generated PHP 98.42 million, while pharmaceutical products added PHP 17.79 million to total revenues.

Net income attributable to equity holders of the parent company stood at PHP 992.01 million, translating to earnings per share of PHP 0.5275. Income tax expense for the quarter was PHP 278.49 million.

The company expects its industrial gas segment to contribute more to future growth, alongside ongoing efficiency measures across its operations.

“PPC is continuing the construction of its air separation plant in Davao, which is expected to be completed in the first quarter of 2027,” the company said in its disclosure statement. “This strategic investment is anticipated to further strengthen the industrial gas segment and reinforce PPC’s market leadership in the energy and industrial sectors in the Philippines.”

The planned facility underscores Pryce’s push to deepen its presence in industrial gases—an area increasingly tied to manufacturing, healthcare, and energy-related applications—while maintaining its LPG distribution business.

Pryce Corporation is part of the Pryce Group of Companies founded by businessman Salvador “Buddy” Zamora II, with core interests spanning LPG distribution, industrial gases, real estate, and memorial parks.  

What impact could Pryce’s expanding industrial gas capacity have on supply dynamics and pricing in the Philippine energy and manufacturing sectors? Share your insights.

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