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SM Prime posts P12.8-B Q3 income as malls, convention centers drive growth
Business World Philippines
|November 11, 2025
SY-LED property developer SM Prime Holdings, Inc. (SM Prime) posted an 8% year-on-year increase in third-quarter (Q3) net income to P12.8 billion from P11.8 billion in the same period last year, lifted by contributions from its mall and hotel and convention center businesses.
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"I think we should still be able to grow our Q4 numbers, although it might not be the same level as what we have seen in the past due to slower economic growth in the Philippines," SM Prime President Jeffrey C. Lim said during a briefing on Monday.
"Our malls remain strong anchors for growth," he added. "Their performance was driven by regional expansion, the upgrading of flagship malls, and the introduction of more experiential retail and dining concepts."
Total revenues for Q3 were not disclosed in the press release, and the company has yet to release its full quarterly report.
For the first nine months of 2025, SM Prime’s net income grew 10% to P37.2 billion from P33.9 billion a year earlier, with total revenues rising 4% to P103.4 billion from P99.8 billion.
Dit verhaal komt uit de November 11, 2025-editie van Business World Philippines.
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