Sm Prime Holdings, Inc. · PSE:SMPH
Sm Prime — 9M 2025 Earnings Presentation
23 slides from Sm Prime's earnings presentation, Nov 10, 2025
Slide 1: Analyst and Investor Briefing
THIRD QUARTER | NINE MONTHS 2025 ANALYST AND INVESTOR BRIEFING NOVEMBER 10, 2025
Slide 2: Signature Series by SM Residences
The newly launched Signature Series by SM Residences is set to redefine high-end living in the Philippines, backed by a visionary pipeline of upcoming developments. To know more, scan the QR code below. 2
Slide 3: Disclaimer
DISCLAIMER This presentation does not constitute a prospectus or other offering memorandum in whole or in part. This presentation does n ot constitute an offer to sell or the solicitation of an offer to buy any securities of the Company. There shall be no sale of these securities in any state or jur
Slide 4: Outline
OUTLINE HIGHLIGHTS SEGMENTS UPDATES OUTLOOK CLOSING 05 09 19 20 22 4
Slide 5: Financial Highlights
FINANCIAL HIGHLIGHTS 3Q 2025 9M 2025 KEY HIGHLIGHTS +1% +4% • Topline growth in the first nine months of REVENUES 2025 P35.4B P103.4B • Operating income outpaced revenue EBIT +5% +9% momentum on the back of management P17.5B P51.9B discipline and execution strength NET INCOME +8% +10% • Net income r
Slide 6: Key Financial Results
KEY FINANCIAL RESULTS In Php mn, except percentage figures 3Q 2025 3Q2024 2Q 2024 YoY YoY 9M 2025 9M 2024 YoY Revenues 35,359 35,075 1% 103,402 99,764 4% Cost and Expenses 17,880 18,474 -3% 51,498 52,096 -1% Operating Income 17,478 16,601 5% 51,904 47,668 9% Net Income Attributable to Parent 12,785
Slide 7: Revenue Breakdown
REVENUE BREAKDOWN In Php mn, except % figures 3Q 2025 3Q 2024 YoY 9M 2025 9M 2024 YoY Rent 20,455 19,406 5% 60,989 57,237 7% Real Estate Sales 11,184 12,213 -8% 31,200 31,798 -2% Others 3,720 3,457 8% 11,213 10,728 5% Total Revenues 35,359 35,075 1% 103,402 99,764 4% Others Others 10.6% 10.8% Others
Slide 8: Capital Structure
CAPITAL STRUCTURE Our disciplined capital management has resulted in a highly resilient balance sheet at the end of the third quarter. ASSET GROWTH LIQUIDITY POSITION DEBT AND LEVERAGE See Annex for further details +6% Interest-bearing Debt P419.8B 13% Total Liabilities P621.1B FY 9M Net Debt-to-Equ
Slide 9: Revenue Contribution per Segment
REVENUE CONTRIBUTION PER SEGMENT In Php mn, except % figures 3Q 2025 3Q 2024 YoY 9M 2025 9M 2024 YoY Malls 20,533 19,297 6% 61,014 57,265 7% Residences 11,663 12,660 -8% 32,582 33,147 -2% Hotels and CC 1,898 1,820 4% 6,008 5,515 9% Offices and Warehouses 1,317 1,347 -2% 3,994 4,018 -1% Total (net of
Slide 10: Malls Financial Highlights
MALLS FINANCIAL HIGHLIGHTS Our malls business posted solid revenue and operating income growth due to strong organic performance. In Php mn 3Q 2025 3Q 2024 YoY 9M 2025 9M 2024 YoY Revenue 20,533 19,297 6% 61,014 57,265 7% Rental Income PH Malls 14,647 13,896 5% 43,605 40,825 7% Mall-based Offices 1,
Slide 11: Malls Operating Performance
MALLS OPERATING PERFORMANCE for PH malls only 3Q 2025 3Q 2024 YoY 9M 2025 9M 2024 YoY Total GFA (in mn sqm) 0.1 0 - 9.6 9.3 3% Total GLA (in mn sqm) 0.1 0.1 - 5.1 5.0 2% Occupancy Rate (long-term) 95% 93% 2pp 95% 93% 2pp Occupancy Rate (short-term) 93% 93% 0pp 93% 93% 0pp Number of Tenants 164 (84)
Slide 12: Residences Financial Highlights
RESIDENCES FINANCIAL HIGHLIGHTS The residential segment revenue eased by 2 percent due to slower revenue recognition from mid- segment development. This was tempered by macroeconomic conditions, but recovery initiatives are underway. In Php mn 3Q 2025 3Q 2024 YoY 9M 2025 9M 2024 YoY Revenue 11,663 1
Slide 13: Residences Operating Performance
RESIDENCES OPERATING PERFORMANCE CORE AND LEISURE 3Q 2025 3Q 2024 YoY 9M 2025 9M 2024 YoY Reservation Sales (in Php mn) 14,798 8,274 79% 40,670 52,995 -23% Core 14,304 7,908 81% 38,813 51,373 -24% Leisure 493 366 35% 1,857 1,621 15% Units Launched 594 1,366 -57% 2,044 2,277 -10% Cost Value of Unit L
Slide 14: Hotels and Convention Centers Financial Highlights
HOTELS AND CONVENTION CENTERS FINANCIAL HIGHLIGHTS The Hotels and Convention Centers segment delivered strong revenue growth, fueled by sustained MICE bookings. In Php mn 3Q 2025 3Q 2024 YoY 9M 2025 9M 2024 YoY Revenue 1,898 1,820 4% 6,008 5,515 9% Hotels 1,478 1,476 0% 4,829 4,547 6% Convention Cen
Slide 15: Hotels and Convention Centers Operating Performance
HOTELS AND CONVENTION CENTERS OPERATING PERFORMANCE HOTELS 3Q 2025 3Q 2024 YoY 9M 2025 9M 2024 YoY Room Keys - - - 2,602 2,602 0% Occupancy Rate 58% 64% -6pp 63% 66% -3pp Average Daily Rate 5,528 5,450 1% 5,794 5,634 3% CONVENTION CENTERS 3Q 2025 3Q 2024 YoY 9M 2025 9M 2024 YoY GLA - - - 41,940 41,9
Slide 16: Stand-alone Offices and Warehouses Financial Highlights
STAND-ALONE OFFICES AND WAREHOUSES FINANCIAL HIGHLIGHTS The office and warehouse segment continued to provide steady income In Php bn 3Q 2025 3Q 2024 YoY 9M 2025 9M 2024 YoY Revenue 1,317 1,347 -2% 3,994 4,018 -1% EBIT 972 925 5% 2,837 2,698 0% EBITDA 1,194 1,148 4% 3,489 3,440 1% 16
Slide 17: Offices and Warehouses Operating Performance
OFFICES AND WAREHOUSES OPERATING PERFORMANCE CONSOLIDATED OFFICES 3Q 2025 3Q 2024 YoY 9M 2025 9M 2024 YoY GFA (in mn sqm) - - - 1.6 1.6 0% GLA (in mn sqm) - - - 0.8 0.8 0% Occupancy Rate 80% 78% 2pp 80% 78% 2pp WAREHOUSES 3Q 2025 3Q 2024 YoY 9M 2025 9M 2024 YoY GLA (in mn sqm) - - - 0.2 0.2 0% Occup
Slide 18: Pasay 360
PASAY 360 SM Prime’s most transformative integrated property development— an unprecedented urban estate that fuses connectivity, sustainability, livability, tourism and commerce. KEY HIGHLIGHTS • Coastal land expansion is 84% complete • Sand pouring on track for completion by year-end • Land titling
Slide 19: Strategic Updates
STRATEGIC UPDATES We continue to drive MALLS OFFICES & WAREHOUSES organic growth and Opened SM La Union Launched The Core Towers expand into new markets. To open one iconic flagship mall every in Sta. Rosa, Laguna year from 2026 to 2030 RESIDENCES HOTELS & CONVENTION CENTERS Launched SMDC Nature Adv
Slide 20: Outlook
OUTLOOK We remain optimistic as strong consumption, interest rate downcycle and well-contained inflation drive demand across our businesses. HOTELS AND OFFICES AND MALLS RESIDENCES CONVENTION CENTERS WAREHOUSES • Resilient GDP growth • More BSP cuts through 2026 • Weak peso could lift local travel •
Slide 21: SM Prime
SM PRIME 28
Slide 22: Closing Remarks
Closing Remarks JEFFREY C. LIM President
Slide 23: Thank you for attending
INVESTOR RELATIONS T: (02) 8 862-7942 E: INFO@SMPRIME.COM WWW.SMPRIME.COM Thank you for attending. 39