SM Investments profit up by 7% in Q1 2026 to P21.5B

The Sy family’s SM Investments Corporation (SMIC) posted a consolidated net income of P21.5 billion in the first quarter of 2026, up by 7% from P20.1 billion year-on-year.

In a news release on Thursday, SMIC said its first quarter performance reflected steady growth across its business portfolio.

The company saw its revenues grow by 5% to P159.4 billion from P152 billion a year ago.

“The first quarter continued to deliver good results for us, especially in retail,” said Frederic DyBuncio, president and chief executive officer of SM Investments.

“We are aware of external challenges and will endeavor to maintain our performance by being disciplined on costs and focused on meeting consumer needs even when their spending is constrained,” he added. — JMA, GMA News