SMC, SMIC top PH in Fortune Southeast Asia 500

A total of 40 Filipino companies were included in the second annual Fortune Southeast Asia 500 list, which ranked the region's top corporations based on their 2024 revenues.

- BY JAMES A. LOYOLA

Topping the list of Philippine firms are the largest conglomerates, banks, and utilities, with San Miguel Corp. (SMC) leading the pack at No. 9, with revenues of $27.5 billion—the only one to be named among the top 10 highest revenue-generating companies in Southeast Asia.

Next in the list are SM Investments Corp. (#25, $11.43 billion), Manila Electric Co. (#35, $8.21 billion), Ayala Corp. (#47, $6.56 billion), and JG Summit Holdings Inc. (#50, $6.24 billion).

Completing the top 10 Filipino firms in the list are BDO Unibank (#52, $6.11 billion), GT Capital Holdings (#61, $5.61 billion), Aboitiz Equity Ventures (#68, $5.29 billion), Jollibee Foods Corp. (#79, $4.71 billion), and Cosco Capital (#88, $4.14 billion).