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Puregold, one of the Philippines’ leading multi-format retailers, has been recently recognized by FinanceAsia as one of Asia’s Best Companies for 2024.Puregold Price Club Inc. (PSE: PGOLD), one of the Philippines’ leading multi-format retailers, has been recognized by FinanceAsia as one of Asia’s Best Companies for 2024, earning a Bronze award in the Consumer Staples category. The recognition places Puregold alongside the region’s most respected publicly listed firms, as evaluated by institutional investors and financial analysts.
Now in its 24th year, FinanceAsia’s Asia’s Best Companies poll highlights outstanding corporate performance, governance, and investor engagement across Asia Pacific. This latest distinction underscores Puregold’s reputation for operational excellence and consistent value creation.
“This recognition is a strong affirmation of our focused execution, market discipline, and long-term vision. Puregold remains committed to delivering value to our customers, our partners, and our shareholders,” said Ferdinand Vincent Co, President of Puregold Price Club Inc.
Puregold reported a 21.3% year-on-year increase in consolidated net income to ₱10.4 billion in 2024, up from ₱8.6 billion in 2023. This was fueled by solid revenue growth and a disciplined expansion strategy, particularly in high-growth provincial areas. The company also declared a 7.1% dividend for shareholders, reinforcing its commitment to consistent capital returns.
“Our continued growth is rooted in understanding our customers and the communities we serve,” Vincent said. “We will continue expanding access, supporting small businesses, and building a retail ecosystem that benefits every Filipino consumer.”
The cornerstone of Puregold’s inclusive growth strategy is its continued support for micro, small, and medium enterprises (MSMEs). The company’s flagship Tindahan ni Aling Puring (TNAP) program empowers over 1,000,000 sari-sari stores, karinderyas, and small retailers nationwide by providing access to competitive pricing, tools, and business-building support.
Central to this initiative is the annual Sari-Sari Store Convention, which returns on May 15–17 at the World Trade Center in Pasay City. The event is expected to draw thousands of Aling Puring members, offering exclusive deals and new business opportunities while strengthening Puregold’s grassroots presence.
As of December 2024, PGOLD operates 602 stores nationwide, including 511 Puregold supermarkets, 29 S&R Membership Shopping Warehouses, and 62 S&R New York Style QSRs. With its continued expansion, robust financials, and support for community entrepreneurship, Puregold remains well-positioned to capture further market share and deliver long-term value across its growing ecosystem.
