SM Investments Corp. reported a consolidated net income of P64.4 billion for the first nine months of 2025, up 6 percent from P60.9 billion a year ago, with revenues rising 4 percent to P482.3 billion.
Banking remained the largest contributor, with BDO Unibank posting P63.1 billion, up 4 percent, and China Banking Corp. earning P20.2 billion, up 10 percent, driven by strong loan growth and stable asset quality. SM Prime Holdings’ net income rose 10 percent to P37.2 billion, supported by higher mall and convention center revenues, while SM Retail saw net income slightly decline to P12.2 billion despite a 5 percent revenue increase. Portfolio investments, led by Philippine Geothermal, NEO, and 2GO, also contributed to overall growth, with 2GO’s net income up 65 percent.
Total assets reached P1.8 trillion, with a conservative net debt-to-equity ratio of 31:69. CEO Frederic DyBuncio said the company maintained resilient performance despite adverse weather and remains optimistic for the fourth quarter.
