Latest news with #SMInvestments
Yahoo
13 hours ago
- Business
- Yahoo
SM companies among Top 5 in ASEAN good governance
PASAY CITY, Philippines, Aug. 19, 2025 /PRNewswire/ -- The Association of Southeast Asian Nations (ASEAN) Capital Market Forum (ACMF) recognized SM Investments Corporation, the parent firm of the SM group, and its property arm, SM Prime Holdings, Inc. among the Top 5 Philippine publicly listed companies (PLCs) and Top 50 ASEAN PLCs. SM's banking arm, BDO Unibank, Inc. ranked among the Top 50 ASEAN PLCs. Among the six Philippine PLCs awarded, three were from the SM group. BDO was the only Philippine bank to earn a spot on the Top 50 list. In addition, China Banking Corporation (Chinabank), another financial institution under the SM group, was also named to the ASEAN Asset Class of publicly listed companies, an honor given to firms that have achieved consistently high scores under the ASEAN Corporate Governance Scorecard (ACGS). Anchored on the 2024 ACGS Regional Assessment, this is the second time the organization affirmed SM's corporate governance standards at par with internationally-accepted best practices after both SM Investments and SM Prime secured the top 5 spots in the Philippine Asset class and top 20 ASEAN Publicly Listed Companies in the 2022 awarding ceremony. "Good governance is essential to long-term value creation. We continue to align our governance practices with global standards to help build trust and deliver sustainable outcomes for our stakeholders and the communities we serve." said Frederic C. DyBuncio, President and Chief Executive Officer of SM Investments Corporation. "Our recognition at this year's ACGS Awards validates our commitment to building sustainable and resilient communities," said Jeffrey C. Lim, President of SM Prime Holdings. "It affirms our belief that good governance goes hand in hand with long-term value creation for shareholders and stakeholders alike." "BDO's corporate governance principles are about effective oversight, strict compliance with regulations, and sustainable value creation to promote the best interest of its various stakeholders. We value this recognition which affirms our deepest commitment to the highest standards of corporate governance practices," Nestor V. Tan, BDO Unibank, Inc. President said. "This recognition reaffirms Chinabank's steadfast commitment to responsible corporate governance that goes beyond compliance while embedding ethical stewardship into our culture," said Chinabank President and CEO Romeo D. Uyan, Jr. "We are driven by our goal to always create long-term value for our stakeholders." The ACGS evaluated 569 large-market-cap PLCs across the region, recognizing companies that uphold the highest standards of corporate governance aligned with international best practices. About SM Investments Corporation SM Investments Corporation is one of the leading Philippine companies that is invested in market-leading businesses in retail, banking, and property. It also invests in ventures that capture high growth opportunities in the emerging Philippine economy. For more information, please visit View original content to download multimedia: SOURCE SM Investments Corporation Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Malaysian Reserve
6 days ago
- Business
- Malaysian Reserve
SM Investments H1 net income rises 6% to PHP42.6 billion
PASAY CITY, Philippines, Aug. 14, 2025 /PRNewswire/ — SM Investments Corporation (SM Investments) posted a consolidated net income of PHP42.6 billion in the first half of 2025, a 6% increase from PHP40.2 billion in the same period last year. Consolidated revenues for the January to June period rose 6% to PHP319.2 billion, up from PHP301.4 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,' said Frederic C. DyBuncio, President and Chief Executive Officer of SM Investments Corporation. 'Bank lending remains strong, and consumer spending in our malls and retail stores continues to rise. 'The Philippine economy was steady at 5.4% 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.' Banking accounted for 50% of reported net earnings, followed by property at 28%, retail at 15% and portfolio investments at 7%. Retail SM Retail net income grew 10% to PHP8.4 billion from PHP7.6 billion in the same period last year. Revenues were up 8% to PHP211.8 billion from PHP196.3 billion. In non-food retail, revenues of the department store grew by 11%, marked by a shift in the school opening to the second quarter. Revenues for specialty retail grew 5%, fueled by spending on stationery or back-to-school items, fashion as well as health and beauty categories. Food retail revenues increased 8% to PHP127.1 billion due to store expansion and volume growth. Banking BDO Unibank, Inc. reported net income increased to PHP40.6 billion, up 3% from PHP39.4 billion in the same period last year supported by strong performance from its core businesses. China Banking Corporation posted PHP13.0 billion in net income, up 14% on the back of strong core business growth. Net interest income increased by 15% to PHP34.9 billion on higher asset yields and loan volume. Property SM Prime Holdings, Inc. (SM Prime) reported first-half net income rose 11% growth to an all-time high of PHP24.5 billion, driven by higher rental income, real estate sales and ancillary revenues. Portfolio Investments In the first half, the portfolio investments' performance was driven by Philippine Geothermal Production Company which contributed 35% of total portfolio income, followed by NEO with 30% and 2GO with 16%. Balance Sheet Total assets of SM Investments stood at PHP1.7 trillion, up 2%. Gearing ratio remained conservative at 32% net debt to 68% equity. About SM Investments Corporation SM Investments Corporation is one of the leading Philippine companies that is invested in market-leading businesses in retail, banking, and property. It also invests in ventures that capture high growth opportunities in the emerging Philippine economy. SM's retail operations are the country's largest and most diversified, consisting of grocery stores, department stores and specialty retail stores. SM's property arm, SM Prime Holdings, Inc., is the largest integrated property developer in the Philippines with interests in malls, residences, offices, hotels, and convention centers as well as tourism-related property developments. SM's interests in banking are in BDO Unibank, Inc., the country's largest bank, and China Banking Corporation, the fourth largest private domestic bank. For more information, please visit
Yahoo
6 days ago
- Business
- Yahoo
SM Investments H1 net income rises 6% to PHP42.6 billion
PASAY CITY, Philippines, Aug. 14, 2025 /PRNewswire/ -- SM Investments Corporation (SM Investments) posted a consolidated net income of PHP42.6 billion in the first half of 2025, a 6% increase from PHP40.2 billion in the same period last year. Consolidated revenues for the January to June period rose 6% to PHP319.2 billion, up from PHP301.4 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," said Frederic C. DyBuncio, President and Chief Executive Officer of SM Investments Corporation. "Bank lending remains strong, and consumer spending in our malls and retail stores continues to rise. "The Philippine economy was steady at 5.4% 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." Banking accounted for 50% of reported net earnings, followed by property at 28%, retail at 15% and portfolio investments at 7%. Retail SM Retail net income grew 10% to PHP8.4 billion from PHP7.6 billion in the same period last year. Revenues were up 8% to PHP211.8 billion from PHP196.3 billion. In non-food retail, revenues of the department store grew by 11%, marked by a shift in the school opening to the second quarter. Revenues for specialty retail grew 5%, fueled by spending on stationery or back-to-school items, fashion as well as health and beauty categories. Food retail revenues increased 8% to PHP127.1 billion due to store expansion and volume growth. Banking BDO Unibank, Inc. reported net income increased to PHP40.6 billion, up 3% from PHP39.4 billion in the same period last year supported by strong performance from its core businesses. China Banking Corporation posted PHP13.0 billion in net income, up 14% on the back of strong core business growth. Net interest income increased by 15% to PHP34.9 billion on higher asset yields and loan volume. Property SM Prime Holdings, Inc. (SM Prime) reported first-half net income rose 11% growth to an all-time high of PHP24.5 billion, driven by higher rental income, real estate sales and ancillary revenues. Portfolio Investments In the first half, the portfolio investments' performance was driven by Philippine Geothermal Production Company which contributed 35% of total portfolio income, followed by NEO with 30% and 2GO with 16%. Balance Sheet Total assets of SM Investments stood at PHP1.7 trillion, up 2%. Gearing ratio remained conservative at 32% net debt to 68% equity. About SM Investments Corporation SM Investments Corporation is one of the leading Philippine companies that is invested in market-leading businesses in retail, banking, and property. It also invests in ventures that capture high growth opportunities in the emerging Philippine economy. SM's retail operations are the country's largest and most diversified, consisting of grocery stores, department stores and specialty retail stores. SM's property arm, SM Prime Holdings, Inc., is the largest integrated property developer in the Philippines with interests in malls, residences, offices, hotels, and convention centers as well as tourism-related property developments. SM's interests in banking are in BDO Unibank, Inc., the country's largest bank, and China Banking Corporation, the fourth largest private domestic bank. For more information, please visit View original content to download multimedia: SOURCE SM Investments Corporation Sign in to access your portfolio
Yahoo
29-06-2025
- Business
- Yahoo
SM: Enabling Resilient and Sustainable Development
PASAY CITY, Philippines, June 29, 2025 /PRNewswire/ -- In Southeast Asia's dynamic growth story, the Philippines emerges as a compelling chapter, buoyed by its young population, robust consumer market, and enduring economic resilience. SM Investments Corporation, the parent company of the SM group, remains optimistic about the Philippines' growth trajectory, actively supporting the nation's resilient economy. "We are encouraged by strong consumer confidence, and our businesses are well-positioned to serve in all categories," said Frederic C. DyBuncio, President and CEO of SM Investments. "Positive sentiment is supported by modest inflation and the resilience of Filipino communities." Global institutions view the Philippines as a "bright spot" in the region. With a thriving domestic market, strategic economic reforms, and increasing investor confidence, the country offers fertile ground for inclusive and sustainable growth. The country's growth strategy includes significant investments in human capital through enhanced education and robust job creation. The SM group is aligned through its educational institutions—Asia Pacific College and National University—and the extensive scholarship programs of SM Foundation, equipping a future-ready generation with relevant skills and opportunities. As part of its social investments, SM has granted over 16,000 scholarships across the group to date. In 2024, SM Foundation awarded more than 1,000 scholarships, marking the largest batch of recipients. Through its corporate foundation and other companies, the SM group also renovated 415 health centers, built 2,850 schools, and trained over 49,000 farmers to date, thus promoting access to quality education, well-being and helping attain food security. Micro, Small, and Medium Enterprises (MSMEs) form the backbone of the Philippine economy. SM actively nurtures a vast network of over 100,000 MSME tenants and suppliers across its expansive retail and property portfolio. SM's banking segments, BDO Unibank, Inc. and China Banking Corporation have provided PHP72 billion in loans to MSMEs. Such initiatives foster local entrepreneurship and contribute significantly to economic diversification. SM's dedication to business resilience extends to its partners that ultimately strengthens the entire ecosystem. A Business Continuity Planning (BCP) program was launched in 2024 for MSME mall tenants, providing capacity-building and secure digital storage for critical documents, ensuring operational continuity even in the face of disruptions. SM has long embedded disaster-resilient design into its property developments and invests in environmental infrastructure that helps mitigate risks. This proactive approach includes significant investments in infrastructure such as 41 water catchments and 108 water recycling facilities nationwide. Sustainability financing is also critical. The group's banking units has funded over PHP1 trillion projects under its Sustainable Energy Finance (SEF) program through BDO. China Bank has allocated PHP147 billion under its Sustainable Finance Portfolio, with products targeting renewable energy, clean transport, and green infrastructure. SM's retail segment offers green lifestyle choices with over 20,000 eco-friendly products under the Green Finds program. SM Stores implement energy-saving systems and eco-bag campaigns. Brands like Kultura champion local products – highlighting heritage, eco-friendliness, and social entrepreneurship, including upcycled goods and community-sourced crafts. "As SM continues to navigate the evolving business landscape, we ensure the group's advocacies uplift not just our company, but the lives and potential of the communities we operate in," Mr. DyBuncio said. "These initiatives support the current economic momentum while also contributing to a more resilient and future-proof Philippine economy for generations to come." View original content to download multimedia: SOURCE SM Investments Corporation Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-06-2025
- Business
- Yahoo
SM: Enabling Resilient and Sustainable Development
PASAY CITY, Philippines, June 29, 2025 /PRNewswire/ -- In Southeast Asia's dynamic growth story, the Philippines emerges as a compelling chapter, buoyed by its young population, robust consumer market, and enduring economic resilience. SM Investments Corporation, the parent company of the SM group, remains optimistic about the Philippines' growth trajectory, actively supporting the nation's resilient economy. "We are encouraged by strong consumer confidence, and our businesses are well-positioned to serve in all categories," said Frederic C. DyBuncio, President and CEO of SM Investments. "Positive sentiment is supported by modest inflation and the resilience of Filipino communities." Global institutions view the Philippines as a "bright spot" in the region. With a thriving domestic market, strategic economic reforms, and increasing investor confidence, the country offers fertile ground for inclusive and sustainable growth. The country's growth strategy includes significant investments in human capital through enhanced education and robust job creation. The SM group is aligned through its educational institutions—Asia Pacific College and National University—and the extensive scholarship programs of SM Foundation, equipping a future-ready generation with relevant skills and opportunities. As part of its social investments, SM has granted over 16,000 scholarships across the group to date. In 2024, SM Foundation awarded more than 1,000 scholarships, marking the largest batch of recipients. Through its corporate foundation and other companies, the SM group also renovated 415 health centers, built 2,850 schools, and trained over 49,000 farmers to date, thus promoting access to quality education, well-being and helping attain food security. Micro, Small, and Medium Enterprises (MSMEs) form the backbone of the Philippine economy. SM actively nurtures a vast network of over 100,000 MSME tenants and suppliers across its expansive retail and property portfolio. SM's banking segments, BDO Unibank, Inc. and China Banking Corporation have provided PHP72 billion in loans to MSMEs. Such initiatives foster local entrepreneurship and contribute significantly to economic diversification. SM's dedication to business resilience extends to its partners that ultimately strengthens the entire ecosystem. A Business Continuity Planning (BCP) program was launched in 2024 for MSME mall tenants, providing capacity-building and secure digital storage for critical documents, ensuring operational continuity even in the face of disruptions. SM has long embedded disaster-resilient design into its property developments and invests in environmental infrastructure that helps mitigate risks. This proactive approach includes significant investments in infrastructure such as 41 water catchments and 108 water recycling facilities nationwide. Sustainability financing is also critical. The group's banking units has funded over PHP1 trillion projects under its Sustainable Energy Finance (SEF) program through BDO. China Bank has allocated PHP147 billion under its Sustainable Finance Portfolio, with products targeting renewable energy, clean transport, and green infrastructure. SM's retail segment offers green lifestyle choices with over 20,000 eco-friendly products under the Green Finds program. SM Stores implement energy-saving systems and eco-bag campaigns. Brands like Kultura champion local products – highlighting heritage, eco-friendliness, and social entrepreneurship, including upcycled goods and community-sourced crafts. "As SM continues to navigate the evolving business landscape, we ensure the group's advocacies uplift not just our company, but the lives and potential of the communities we operate in," Mr. DyBuncio said. "These initiatives support the current economic momentum while also contributing to a more resilient and future-proof Philippine economy for generations to come." View original content to download multimedia: SOURCE SM Investments Corporation Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
