SM Investments Corp. posted a consolidated net income of P42.6 billion in the first half of 2025, up 6 percent from P40.2 billion a year ago, driven by broad-based growth in banking, retail, and property.
Revenues rose 6 percent to P319.2 billion on the back of strong consumer spending, robust bank lending and stable economic conditions.
Banking remained the top contributor, accounting for 50 percent of earnings. BDO Unibank earned P40.6 billion (up three percent), while China Bank posted P13 billion (up 14 percent) on loan growth and improved asset quality.
Retail contributed 15 percent of earnings, with net income up 10 percent to P8.4 billion and revenues rising 8 percent to P211.8 billion, supported by school-related and food retail sales.
Property arm SM Prime earned P24.5 billion, up 11 percent, led by mall rental income amid new openings and higher occupancy.
Residential and office segments also posted gains. / KOC