SM Investments nets P42.6-B in H1 2025

SM Investments Corporation (SM Investments) saw its net income climb to ₱42.6 billion in the first half of 2025 — a 6 percent increase — as favorable economic conditions continued to fuel growth across its key businesses.

In a disclosure to the Philippine Stock Exchange, the conglomerate also reported consolidated revenues of ₱319.2 billion as of end-June.

“We continue to see steady growth across our core businesses, supported by favorable macroeconomic conditions in the Philippines,” said SM Investments President and CEO Frederic DyBuncio during a media briefing last week.

He pointed to the country’s 5.4 percent economic growth in the first quarter and inflation easing to its lowest level since 2019 as factors that helped create a more dynamic environment for both corporations and consumers. 

DyBuncio added that despite global trade uncertainties, the overall sentiment remains positive and the company shares that optimism for the rest of the year.

Banking remained the company’s top income driver, accounting for half of total earnings in the first six months. 

This was largely due to strong bank lending and continued consumer spending in malls and retail stores. Property contributed 28 percent to overall profits, while retail and portfolio investments accounted for 15 percent and 7 percent, respectively.

Net income of SM Retail rose 10 percent to ₱8.4 billion. BDO Unibank Inc. posted a 3 percent increase to ₱40.6 billion, while SM Prime Holdings, Inc. achieved a record ₱24.5 billion, up 11 percent.

With solid performance across banking, property, and retail, SM Investments appears well-positioned to maintain its growth momentum through the rest of 2025.