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Malls drive 7% profit increase at SM Prime

Manila Bulletin

|

February 17, 2026

SM Prime Holdings Inc., the integrated property developer led by the billionaire

- By JAMES A. LOYOLA

Sy family, posted a seven percent increase in full-year consolidated net income as recovery in commercial property and rigorous cost-cutting measures shielded the bottom line from a slowdown in residential sales.The firm disclosed to the Philippine Stock Exchange that the developer’s net income for 2025 was P48.8 billion, up from P45.6 billion a year earlier.

While consolidated revenues rose marginally to P141.1 billion from P140.4 billion, the company relied heavily on its dominant mall business to sustain growth.

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