GMA News
SM Investments 9-month net income rises 6% to P64.4B
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.
The banking segment was the largest contributor to net income at 50%, followed by property at 28%, retail at 15%, and portfolio investments at 7%.
BDO Unibank Inc. saw a 4% increase in net income to P60.6 billion, and China Banking Corp. grew by 10% to P20.2 billion.
SM Prime Holdings grew its profit by 10% to P37.2 billion, with revenues rising 4% to P103.4 billion.
SMIC president and CEO Frederic DyBuncio stated that the third-quarter performance met expectations despite adverse weather conditions.
He maintained an optimistic outlook for the fourth quarter, while acknowledging potential external factors that might affect economic growth.
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