SM Investments Corporation (SM Investments) reported a 10 percent rise in consolidated net income to P90.5 billion in 2025 from P82.6 billion a year earlier, lifted by strong fourth-quarter performance and steady consumer demand.
Consolidated revenues grew 4 percent to P681.7 billion.
Banking remained the biggest earnings driver, contributing 49 percent of total net income. Property accounted for 27 percent, retail 18 percent, and portfolio investments 6 percent.
BDO Unibank, Inc. posted a record net income of P87.2 billion, up 6 percent, as loans expanded 13 percent to P3.7 trillion and deposits rose 10 percent. Asset quality improved, with its non-performing loan ratio easing to 1.68 percent.
China Banking Corporation recorded a 13 percent increase in net income to P28 billion, driven by loan growth of 13 percent to P1.1 trillion. Deposits climbed 9 percent to P1.4 trillion.
Property arm SM Prime Holdings, Inc. grew net income 7 percent to P48.8 billion, with malls contributing 60 percent of property revenues.
Retail operations posted a 1 percent rise in net income to P21.1 billion, while revenues increased 5 percent to P458.1 billion, supported by steady department store and food sales.
Total assets rose 7 percent to P1.8 trillion, with a conservative net debt-to-equity ratio of 30:70.
SM Investments said it remains optimistic about Philippine economic growth and will continue expanding while maintaining disciplined capital management.
