SM Investments Corporation (SMIC) kicked off the first quarter of 2026 with steady growth, posting a consolidated net income of ₱21.5 billion. The 7% year-on-year increase highlights the resilience of the Sy-led conglomerate’s core sectors amid persistent inflationary challenges.
The group’s diversified portfolio—spanning retail, banking, and property—generated total revenues of ₱159.4 billion, marking a 5% increase from the same period last year. Banking continues to be the primary engine of growth, contributing 49% of total profits, followed by property at 28% and retail at 15%.
SM Investments President and CEO Frederic DyBuncio credited the performance to a disciplined focus on operations and consumer demand.
“The first quarter continued to deliver good results for us, especially in retail. We are aware of external challenges and will endeavor to maintain our performance by being disciplined on costs and focused on meeting consumer needs even when their spending is constrained,” DyBuncio said.
The retail division saw a notable 13% jump in net income, reaching ₱4.1 billion, fueled largely by seasonal demand and non-food spending during the graduation season. Meanwhile, the group’s portfolio investments, including 2GO Group and Atlas Consolidated Mining, accounted for 8% of the quarterly earnings.
In a move that signals confidence in its cash flow and financial health, the company announced a significant 31% increase in dividend payments. Shareholders will receive ₱17 per share, up from ₱13 in 2025, bringing the total payout for the year to ₱20.7 billion.
“We intend to provide greater returns to shareholders. Our businesses provide us with strong, diverse and reliable cashflows that enable us to do so while also growing our businesses and maintaining a strong balance sheet,” DyBuncio added.
With total assets valued at ₱1.8 trillion, SMIC maintains a conservative financial stance while continuing its streak of dividend increases for the fifth consecutive year.
Shareholders on record as of May 14 are scheduled to receive their dividends on May 28.