SMC eyes NAIA, tollway projects to boost revenues

San Miguel Corporation expects its growth projections for the first quarter of 2025 to be sustained by new revenue streams.

During the firm’s annual stockholders’ meeting, SMC Chairman and CEO Ramon S. Ang said the conglomerate’s performance will improve due to additional revenues generated from SMC’s operations at the Ninoy Aquino International Airport.

He added that the 66-kilometer tollway from Sto. Tomas, Batangas to Lucena, Quezon, will also be completed by next year, providing new revenue source.

Ang said, “We are also preparing to build South Luzon expressway toll road No. 5, which is a 420-kilometer tollway, stretching from Lucena, Quezon, all the way to Matnog, Sorsogon.”

“We are also starting a lot of new businesses while our existing businesses are very stable,” said Ang.

He noted the company’s primary focus is to finish the massive $15 billion Bulacan airport which will be a game changer, allowing the country to generate more revenues from tourism and reduce its dependence of overseas workers and the business process outsourcing industry.

Ang said SMC continues to expand its existing tollways to add more capacity while its power generation business is adding new renewable energy sources such as solar and hydropower.

“Most of our 1,000-megawatt battery storage is now energized, helping stabilize the grid while supporting the integration of renewables, solar and wind.

“We will build several hydro facilities, including a 2,000-megawatt pump hydro project in San Roque, Pangasinan, providing clean and reliable energy. We are also expanding our solar project to deliver clean power that helps meet demand across many industries,” he said.

He also said Petron Corporation is doing well “despite the turbulence in international crude prices” because management has been adept at hedging supply to lock in favorable prices.

“Petron is investing in more service stations and fuel depots, while improving logistics for greater efficiency,” Ang added.