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SM Group leverages strong PH economy
Manila Bulletin
|August 07 2025
Sy family-led SM Investments Corp. (SMIC) is optimistic about the second semester after it posted a six-percent improvement in consolidated net income to P42.6 billion in the first half of 2025 from P40.2 billion in the same period last year as its business benefited from the growing economy.
Consolidated revenues for the January to June period also grew six percent to P319.2 billion, up from P301.4 billion in the first half of 2024.
“We continue to see steady growth across our core businesses, supported by favorable macroeconomic conditions in the Philippines. Bank lending remains strong, and consumer spending in our malls and retail stores continues to rise,” said SMIC President and Chief Executive Officer (CEO) Frederic C. DyBuncio.
He noted that, “The Philippine economy was steady at 5.4-percent growth in the first quarter, while inflation has eased to its lowest level since 2019, creating a more supportive environment for both corporates and consumers.
“Despite global trade uncertainties, overall sentiment remains positive, and we share that optimism for the remainder of the year.”
This story is from the August 07 2025 edition of Manila Bulletin.
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