SM Prime solidifies lead with all-time high profits

SM Prime Holdings, Inc. (SM Prime), one of the largest integrated property developers in Southeast Asia, reported record high profits as it remains optimistic due to strong consumption, lower interest rates, and continued recovery in retail and tourism.

- By JAMES A. LOYOLA

“With inflation contained and policy easing underway, we expect stronger consumer sentiment to drive demand across our businesses. Our P100 billion capex plan is on track, focused on high-impact developments that will build long-term value,” said SM Prime President Jeffrey C. Lim.

The firm recorded an 11 percent rise in first-half net income to an all-time high of P24.5 billion in 2025 from P22.1 billion last year, driven by higher rental income, real estate sales, and ancillary revenues.

Consolidated revenues improved by five percent during the same period, to P68 billion this year from P64.7 billion in 2024.