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SM Q1 net income grows 7% to PHP21.5 billion
Banking and property lifted first-quarter results as SM Retail posted 13% net income growth and portfolio investments added incremental gains.
- On Sunday, May 3, 2026, Investments Corporation reported consolidated net income of PHP21.5 billion for the first quarter, a 7% increase from PHP20.1 billion in the same period last year.
- A diversified earnings base underpinned performance, with banking contributing 49% of reported net earnings, followed by property at 28%, retail at 15%, and portfolio investments at 8%.
- Consolidated revenues rose 5% to PHP159.4 billion during the January to March period, while Retail reported net income of PHP4.1 billion, a 13% increase year-on-year from resilient consumer activity.
- President and Chief Executive Officer Frederic DyBuncio stated Investments Corporation will maintain performance by exercising cost discipline and focusing on consumer needs, supported by total assets valued at PHP1.8 trillion.
- Banking interests, including BDO Unibank and China Banking Corporation, remain central to the Group's scale, enabling Investments Corporation to generate cash across economic cycles while allocating capital toward long-term value creation.
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SM Q1 net income grows 7% to PHP21.5 billion
PASAY CITY, Philippines, May 3, 2026 /PRNewswire/ -- SM Investments Corporation (SM), the parent company of the SM group, reported consolidated net income of PHP21.5 billion in the first quarter, up 7% from PHP20.1 billion in the same period last…
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Total News Sources41
Leaning Left6Leaning Right3Center15Last UpdatedBias Distribution63% Center
Bias Distribution
- 63% of the sources are Center
63% Center
L 25%
C 63%
12%
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