SM Investments reports 6% income growth to P64.4 billion in first nine months of 2025

SM Investments Corporation (SMIC) reported a net income of P64.4 billion for the first three quarters of 2025, a 6 percent increase from the same period last year.

Consolidated revenues increased by 4% to P482.3 billion, with banking contributing the largest share to net income at 50%, followed by property at 28%, retail at 15%, and portfolio investments at 7%.

BDO Unibank Inc. saw its net income increase by 4% to P63.1 billion, driven by a 14% rise in gross customer loans to P3.5 trillion.

China Banking Corp. grew its net income by 10% to P20.2 billion, with similar growth in loans and deposits.

SM Prime Holdings grew its profit by 10% to P37.2 billion, with revenues rising 4% to P103.4 billion.

SM Retail, however, sustained a five-percent dip in profit to P12.2 billion due to a shift in school opening dates affecting consumer spending patterns.

SMIC president and CEO Frederic DyBuncio acknowledged the impact of adverse weather conditions and external factors but maintained an optimistic outlook for the fourth quarter.