SM Prime Holdings, Inc. has announced a robust financial performance for the year 2025, with net income climbing by seven percent to P48.8 billion, up from P45.6 billion in the previous year. This growth was primarily fueled by increased revenues from commercial properties and a strategic focus on disciplined cost management.
Revenue Breakdown and Key Drivers
Consolidated revenues saw a slight uptick, reaching P141.1 billion compared to P140.4 billion in 2024. The company's mall operations remained the dominant revenue generator, contributing P85.1 billion, which accounts for 60 percent of the total. Residential properties followed with P42.5 billion, while hotels and convention centers added P8.5 billion, and offices and warehouses contributed P5.4 billion.
Commercial Property Surge and Cost Efficiency
Revenues from commercial properties experienced a significant increase of over six percent, totaling P98.6 billion. This growth was complemented by a notable reduction in total costs and expenses, which declined by four percent to P69.4 billion, thereby enhancing profit margins. In the fourth quarter alone, net income held steady at P11.6 billion, despite a seven percent drop in revenues to P37.7 billion, as expenses fell by nearly 12 percent.
Capital Expenditures and Asset Growth
The company invested heavily in capital expenditures, which amounted to P81.9 billion for the year. Total assets expanded by seven percent to P1.1 trillion, with cash and cash equivalents standing at P27.6 billion, reflecting strong financial health and liquidity.
