SM Investments FY 2025 Net Income Up 10% to PHP90.5 billion

About this update from Sm Investments Corporation

PASAY CITY, Philippines, March 3, 2026 /PRNewswire/ -- SM Investments Corporation (SM Investments), the holding company of the SM group, reported a 10% increase in its consolidated net income to PHP90.5 billion in 2025 from PHP82.6 billion last year. Consolidated revenues also grew 4% to PHP681.7 billion from PHP654.8 billion last year. "Our strong fourth quarter performance reinforced our full year results," said Frederic C. DyBuncio, President and Chief Executive Officer of SM Investments. "This reflected resilient consumer spending, improved operational efficiencies and prudent financial management across our core businesses." Banking contributed the largest share of consolidated net income at 49%, followed by property at 27%, retail at 18% and portfolio investments at 6%. "Looking ahead, we remain optimistic about the Philippine growth outlook, supported by easing inflation, steady employment, stable interest rates and sustained remittance flows that underpin household incomes and provincial market expansion. The Group will maintain its expansion strategy and disciplined capital allocation, while continuing to strengthen its ecosystem to serve more customers across the country," Mr. DyBuncio added. Retail SM Retail reported net income was slightly up 1% to PHP21.1 billion. Retail revenues grew 5% to PHP458.1 billion from PHP434.5 billion last year. "Department store growth remained steady, driven by strong performance in the kids category in the fourth quarter. Food retail benefitted from sustained spending on essential items. Specialty retail spending saw growth across health and beauty, fashion, kids and home categories, while the stationery section performed well due to increased gadget purchases," Mr. DyBuncio observed. Department store revenues grew 3% while food retail revenues increased 7%. Specialty retail revenues rose 4%. Banking BDO Unibank, Inc. (BDO) delivered a record net income of PHP87.2 billion, an increase by 6% from PHP82.0 billion last year driven by the solid performance of its core businesses. Net interest income grew by 9% as gross customer loans climbed by 13% to PHP3.7 trillion, supported by double-digit growth across all market segments. Total deposits expanded by 10%, with a Current Account/Savings Account (CASA) ratio of 68%. Asset quality improved, with Non-Performing Loan (NPL) rati...

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