SM Investments 9-month net income rises 6% to P64.4B

Sy-led SM Investments Corp. (SMIC) has maintained an optimistic outlook for the last quarter of 2025, as the diversified conglomerate on Wednesday reported a 6% increase in its bottom line for the first nine months of the year.

SMIC said its nine-month consolidated net income grew to P64.4 billion, with the banking unit accounting for the largest share with 50%, followed by property with 28%, retail with 15%, and portfolio investments with 7%. Consolidated revenues increased by 4% to P482.3 billion.

“The third quarter performance remained within our expectations. Despite the challenges brought about by adverse weather and flooding, we continued to see resilient financial performance across our businesses,” SMIC president and chief executive officer Frederic DyBuncio said in a regulatory filing.

“While external factors may temper overall economic growth, we maintain an optimistic outlook as we move into the fourth quarter,” he added.

BDO Unibank Inc. saw a 4% increase in its net income to P60.6 billion, while China Banking Corp. delivered a 10% growth to P20.2 billion.

SM Prime Holdings grew its profit 10% to P37.2 billion, as revenues rose 4% to P103.4 billion. The residential segment contributed P32.6 billion, hotels and convention centers with P6.0 billion, and offices and warehouses at P4.0 billion.

In April, SMIC said it would focus on remaining agile and financial discipline, amid the global tensions brought about by the tariffs announced by US President Donald Trump. —VBL, GMA Integrated News