SM Investments Corp. (SMIC), the conglomerate controlled by the Sy family, has delivered significant value to its shareholders over the past two decades, following its listing on the Philippine Stock Exchange (PSE) in March 2005. SMIC’s shares have grown by over six times, trading at approximately P795 per share, up from the initial price of P123.27. The company’s assets have also increased tenfold, delivering a compounded annual growth of 12 percent.
Frederic C. DyBuncio, SMIC president and CEO, credited the company’s growth to its commitment to the Filipino people and the vision of the late founder, Henry Sy Sr. He said SMIC will continue investing in sustainable initiatives, such as green infrastructure, and expanding its reach, particularly in provincial areas where growth is accelerating.
In addition, SMIC announced its largest-ever buyback program, valued at USD1 billion, signaling the company’s confidence in both its future and the potential of the Philippine market.
As part of its long-term growth strategy, SM Prime Holdings, the group’s property arm, plans to invest P100 billion this year in malls, residences, and hotels, betting on sustained consumer demand and corporate activity. By 2024, the group plans to expand its footprint with 619 new retail stores, two malls, and 73 additional bank branches, with over 85 percent of this growth focused on provincial areas.
SMIC remains dedicated to its founder’s belief that business growth and social progress go hand in hand, continuing its philanthropic efforts through the SM Foundation, which has supported education, healthcare, and community development initiatives.
Looking ahead, SMIC aims to continue leading in retail, property, and banking while creating a more inclusive future for all Filipinos.
