SM Investments Corporation reported consolidated net income of P64.4 billion for the nine months of 2025, up 6 percent from P60.9 billion year-on-year. Consolidated revenues increased 4 percent to P482.3 billion from P462.5 billion.
“Despite challenges from adverse weather and flooding, we continued to see resilient financial performance across our businesses,” said President and CEO Frederic C. DyBuncio. “We maintain an optimistic outlook moving into the fourth quarter.”
Banking contributed 50 percent of net income, followed by property (28 percent), retail (15 percent), and portfolio investments (7 percent).
Retail posted P12.2 billion net income with revenues growing 5 percent to P318.1 billion. Food retail revenues increased 7 percent while department stores grew 3 percent in fashion and kids segments.
Banking showed strong results with BDO recording P63.1 billion net income (up 4 percent) and China Bank posting P20.2 billion (up 10 percent). BDO’s gross customer loans climbed 14 percent to P3.5 trillion with stable asset quality.
Property saw SM Prime’s profit rise 10 percent to P37.2 billion. Mall revenues increased 7 percent while hotels and convention centers registered the strongest growth at 9 percent, driven by higher MICE bookings.
Portfolio investments were led by Philippine Geothermal Production Company, NEO, and 2GO, with 2GO revenues up 6 percent and net income surging 65 percent.
SM Investments’ total assets reached P1.8 trillion with a conservative gearing ratio of 31 percent debt to 69 percent equity.
SM Investments Corporation reported consolidated net income of P64.4 billion for the nine months of 2025, up 6 percent from P60.9 billion year-on-year. Consolidated revenues increased 4 percent to P482.3 billion from P462.5 billion.
“Despite challenges from adverse weather and flooding, we continued to see resilient financial performance across our businesses,” said President and CEO Frederic C. DyBuncio. “We maintain an optimistic outlook moving into the fourth quarter.”
Banking contributed 50 percent of net income, followed by property (28 percent), retail (15 percent), and portfolio investments (7 percent).
Retail posted P12.2 billion net income with revenues growing 5 percent to P318.1 billion. Food retail revenues increased 7 percent while department stores grew 3 percent in fashion and kids segments.
Banking showed strong results with BDO recording P63.1 billion net income (up 4 percent) and China Bank posting P20.2 billion (up 10 percent). BDO’s gross customer loans climbed 14 percent to P3.5 trillion with stable asset quality.
Property saw SM Prime’s profit rise 10 percent to P37.2 billion. Mall revenues increased 7 percent while hotels and convention centers registered the strongest growth at 9 percent, driven by higher MICE bookings.
Portfolio investments were led by Philippine Geothermal Production Company, NEO, and 2GO, with 2GO revenues up 6 percent and net income surging 65 percent.
SM Investments’ total assets reached P1.8 trillion with a conservative gearing ratio of 31 percent debt to 69 percent equity.