Sm Prime Holdings, Inc. · PSE:SMPH
Sm Prime — FY2025 Earnings Presentation
22 slides from Sm Prime's earnings presentation, Feb 16, 2026
Slide 1: Fourth Quarter | Full Year 2025 Analyst and Investor Briefing
FOURTH QUARTER | FULL YEAR 2025 ANALYST AND INVESTOR BRIEFING 1 FEBRUARY 16, 2026
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 2
Slide 3: Disclaimer
DISCLAIMER This presentation does not constitute a prospectus or other offering memorandum in whole or in part. This presentation does not 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 juri
Slide 4: Outline
OUTLINE 4 HIGHLIGHTS SEGMENTS UPDATES Q&A CLOSING 05 09 19 20 21 4
Slide 5: Financial Highlights
FINANCIAL HIGHLIGHTS 4Q 2025 FY 2025 KEY HIGHLIGHTS REVENUES -7% 1% • Topline for full year of 2025 reflected P37.7B P141.1B steady gains in rental and other income • Operating income outpaced revenue EBIT -3% 5% momentum on the back of management P19.8B P71.7B discipline and execution strength NET
Slide 6: Key Financial Results
KEY FINANCIAL RESULTS In Php mn, except percentage figures 4Q 2025 4Q 2024 YoY FY 2025 FY 2024 YoY Revenues 37,705 40,627 -7% 141,107 140,391 1% Cost and Expenses 17,878 20,258 -12% 69,376 72,354 -4% Operating Income 19,827 20,369 -3% 71,731 68,037 5% Net Income Attributable to Parent 11,607 11,754
Slide 7: Revenue Breakdown
REVENUE BREAKDOWN In Php mn, except percentage figures 4Q 2025 4Q 2024 YoY FY 2025 FY 2024 YoY Rent 22,577 21,436 5% 83,567 78,674 6% Real Estate Sales 9,433 14,106 -33% 40,633 45,905 -11% Others 5,695 5,084 12% 16,908 15,812 7% Total Revenues 37,705 40,627 -7% 141,107 140,391 1% Others Others 15.1%
Slide 8: Capital Structure
CAPITAL STRUCTURE Our disciplined capital management has resulted in a highly resilient balance sheet in 2025. ASSET GROWTH LIQUIDITY POSITION DEBT AND LEVERAGE See Annex for further details +7% Interest-bearing Debt P422.8B Total Liabilities 13% P624.8B FY FY Net Debt-to-Equity Ratio 2024 2025 46:5
Slide 9: Revenue Contribution per Segment
REVENUE CONTRIBUTION PER SEGMENT In Php mn, except percentage figures 4Q 2025 4Q 2024 YoY FY 2025 FY 2024 YoY Malls 24,041 22,388 7% 85,055 79,653 7% Residences 9,938 14,617 -32% 42,520 47,764 -11% Hotels and CC (H&CC) 2,448 2,268 8% 8,456 7,783 9% Offices and Warehouses (O&W) 1,360 1,432 -5% 5,354
Slide 10: Malls Financial Highlights
MALLS FINANCIAL HIGHLIGHTS Our malls business maintained solid revenue contributing P85.1 billion in revenues, 60% of the total revenues In Php mn (except percentage figures) 4Q 2025 4Q 2024 YoY FY 2025 FY 2024 YoY Revenue 24,041 22,388 7% 85,055 79,653 7% Rental Income PH Malls 16,240 15,295 6% 59,
Slide 11: Malls Operating Performance
MALLS OPERATING PERFORMANCE for PH Malls only 4Q 2025 4Q 2024 YoY FY 2025 FY 2024 YoY Total GFA (in mn sqm) 0.1 0.1 0% 9.7 9.4 3% Total GLA (in mn sqm) - - - 5.1 5.0 2% Occupancy Rate (long-term) 96% 93% 3pp 96% 93% 3pp Occupancy Rate (short-term) 94% 94% 0pp 94% 94% 0pp Number of Tenants 593 719 22
Slide 12: Residences Financial Highlights
RESIDENCES FINANCIAL HIGHLIGHTS The residential segment contributed P42.5 billion, accounting for 30% of total revenues In Php mn (except percentage figures) 4Q 2025 4Q 2024 YoY FY 2025 FY 2024 YoY Revenue 9,938 14,617 -32% 42,520 47,764 -11% Core 9,039 14,030 -36% 39,943 46,093 -13% Leisure 899 587
Slide 13: Residences Operating Performance
RESIDENCES OPERATING PERFORMANCE CORE AND LEISURE 4Q 2025 4Q 2024 YoY FY 2025 FY 2024 YoY Reservation Sales (in Php mn) 8,247 9,975 -17% 48,918 62,969 -22% Core 7,911 9,422 -16% 46,724 60,795 -23% Leisure 336 553 -39% 2,194 2,174 1% Units Launched 111 707 -84% 2,155 2,984 -28% Cost Value of Unit Lau
Slide 14: Hotels and Convention Centers Financial Highlights
HOTELS AND CONVENTION CENTERS FINANCIAL HIGHLIGHTS The Hotels and Convention Centers segment delivered strong revenue growth driven by increased in occupancy of convention centers. In Php mn (except percentage figures) 4Q 2025 4Q 2024 YoY FY 2025 FY 2024 YoY Revenue 2,448 2,268 8% 8,456 7,783 9% Hot
Slide 15: Hotels and Convention Centers Operating Performance
HOTELS AND CONVENTION CENTERS OPERATING PERFORMANCE HOTELS 4Q 2025 4Q 2024 YoY FY 2025 FY 2024 YoY Room Keys - - - 2,602 2,602 0% Occupancy Rate 65% 68% -3pp 63% 67% -4pp Average Daily Rate 6,032 6,020 0% 5,857 5,753 2% CONVENTION CENTERS 4Q 2025 4Q 2024 YoY FY 2025 FY 2024 YoY GLA - - - 41,940 41,9
Slide 16: Stand-alone Offices and Warehouses Financial Highlights
STAND-ALONE OFFICES AND WAREHOUSES FINANCIAL HIGHLIGHTS Stand-alone office and warehouse segment contributed P5.4 billion, which account for 4% of the total revenues In Php mn (except percentage figures) 4Q 2025 4Q 2024 YoY FY 2025 FY 2024 YoY Revenue 1,360 1,432 -5% 5,354 5,450 -2% EBIT 802 896 -10
Slide 17: Offices and Warehouses Operating Performance
OFFICES AND WAREHOUSES OPERATING PERFORMANCE CONSOLIDATED OFFICES 4Q 2025 4Q 2024 YoY FY 2025 FY 2024 YoY GFA (in mn sqm) - - - 1.6 1.6 0% Occupancy Rate 81% 80% 1pp 81% 80% 1pp WAREHOUSES 4Q 2025 4Q 2024 YoY FY 2025 FY 2024 YoY GLA (in mn sqm) - - - 0.2 0.2 0% Occupancy Rate 90% 100% -10pp 90% 100%
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 86% complete • Sand pouring and delivery were completed as per target • Land t
Slide 19: Strategic Updates
STRATEGIC UPDATES MALLS OFFICES & WAREHOUSES We continue to drive - Set to open SM City Zamboanga in 1Q 2026, - On schedule in completing SixE-Com Center in organic growth and followed by 2-3 new malls in 2H 2026. MOA Complex; Scheduled to open in 2026 expand into new markets. RESIDENCES HOTELS & CO
Slide 20: Q&A
SM PRIME Q&A 20
Slide 21: Closing Remarks
Closing Remarks JEFFREY C. LIM President 21
Slide 22: Thank you for attending
INVESTOR RELATIONS T: (02) 8 862-7942 E: INFO@SMPRIME.COM Thank you for attending. WWW.SMPRIME.COM 22