SM Investments net income rises 10% in 2025

Sy-led SM Investments Corp. (SMIC) on Monday reported a 10% increase in net income for 2025, with its banking businesses—BDO Unibank Inc. and China Banking Corp.—contributing the largest share as loans surpassed P1 trillion for the first time.

SMIC said net income rose to P90.5 billion from P82.6 billion in 2024, with banking contributing 49%, property 27%, retail 18%, and portfolio investments 6%. Consolidated revenues climbed to P681.7 billion from P654.8 billion.

“Our strong fourth-quarter performance reinforced our full-year results. This reflected resilient consumer spending, improved operational efficiencies, and prudent financial management across our core businesses,” SMIC President and CEO Frederic DyBuncio said in a regulatory filing.

BDO Unibank reported a 6% increase in net income to P87.2 billion, while Chinabank posted a 13% rise to P28 billion.

Retail net income grew 1% to P21.2 billion, with revenues rising 5% to P458.1 billion, driven by strong sales in the kids category. Health and beauty, fashion, and home segments also saw growth.

Property unit SM Prime Holdings Inc. recorded a 7% increase in net income to P45.6 billion, supported by stronger commercial property revenues and effective cost management.

“Looking ahead, we remain optimistic about the Philippine growth outlook, supported by easing inflation, steady employment, stable interest rates, and sustained remittance flows that bolster household incomes and provincial market expansion,” DyBuncio said.

“The Group will maintain its expansion strategy and disciplined capital allocation while continuing to strengthen its ecosystem to serve more customers nationwide,” he added.

SMIC Vice Chairman Teresita Sy-Coson in December said the SM Group remains optimistic for 2026, even as political developments and investor caution affect market sentiment.—MCG, GMA Integrated News