SM Investments' Profit Rises 9% in Q1

MT Newswires Live

2025/05/07

SM Prime's (PSE:SMPH) consolidated net profit rose 9% to 20.1 billion Philippine pesos in the first quarter from 18.4 billion pesos a year earlier.

Consolidated revenue rose 6% year over year to 152 billion pesos from 143.7 billion pesos, according to a Wednesday disclosure with the Philippine Stock Exchange.

SM Prime CEO Frederic C. DyBuncio attributed the growth to good consumer confidence in company's products and its favorable positioning to serve in all categories.

SM Prime is the property development arm of the Philippine conglomerate SM Investments (PSE:SM).

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