SM Prime Optimistic on Sustained Growth After Strong 1st Quarter

SM Prime Holdings, the integrated property developer of the SM Group, is looking to sustain a double-digit growth for 2025 after kicking off the year on a high note.

- By RICHMOND MERCURIO

In a media briefing yesterday, SM Prime president Jeffrey Lim said the company is optimistic of sustaining its momentum at the start of the year.

"If you look at the first quarter results, we are confident and optimistic that we can sustain this given the developments that we are planning in the next nine months," Lim said.

"We have a combination of new opening and expansion of existing developments, plus, hopefully we can launch one of our premium residences development before the end of the year. This will add to the growth of the residential development group for 2025," he said.

SM Prime booked a net income of P11.9 billion in the first quarter, 11 percent higher than the P10.7 billion in the same period last year.