SM Investments Income Statement

Financials in millions PHP. Fiscal year is January - December.

Millions PHP. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	554,526	535,633	505,634	455,533	369,453	363,655
Other Revenue	120,079	119,144	110,618	97,466	62,280	33,431
Revenue	674,605	654,777	616,252	552,999	431,734	397,086
Revenue Growth (YoY)	5.68%	6.25%	11.44%	28.09%	8.72%	-20.89%
Cost of Revenue	370,371	355,219	339,079	318,062	257,022	245,456
Gross Profit	304,233	299,558	277,173	234,937	174,712	151,631
Selling, General & Admin	93,165	93,165	85,785	69,943	56,600	92,737
Other Operating Expenses	29,812	29,812	26,112	24,953	11,825	-
Operating Expenses	147,275	147,275	134,642	116,637	88,225	92,737
Operating Income	156,959	152,283	142,531	118,300	86,487	58,894
Interest Expense	-22,514	-23,710	-24,085	-21,547	-19,139	-18,415
Interest & Investment Income	4,359	4,577	4,048	3,042	2,203	2,453
Currency Exchange Gain (Loss)	566.31	571.9	328.7	209	790.1	268
Other Non Operating Income (Expenses)	-600.34	-779.75	-392.57	24.13	86.83	-153.06
EBT Excluding Unusual Items	138,770	132,942	122,431	100,028	70,429	43,046
Gain (Loss) on Sale of Investments	-331.63	-30.43	386.34	-577.96	579.68	-1,019
Other Unusual Items	-	-	-	-310.15	-7,358	-
Pretax Income	138,438	132,911	122,817	99,140	63,650	42,026
Income Tax Expense	19,106	18,258	16,632	14,795	9,007	7,201
Earnings From Continuing Operations	119,332	114,653	106,185	84,345	54,644	34,825
Minority Interest in Earnings	-33,222	-32,044	-29,196	-22,692	-14,232	-10,935
Net Income	86,110	82,609	76,989	61,654	40,412	23,890
Net Income to Common	86,110	82,609	76,989	61,654	40,412	23,890
Net Income Growth	5.02%	7.30%	24.87%	52.56%	69.16%	-46.40%
Shares Outstanding (Basic)	1,221	1,222	1,222	1,212	1,205	1,205
Shares Outstanding (Diluted)	1,221	1,222	1,222	1,212	1,205	1,205
Shares Change (YoY)	-0.05%	-	0.84%	0.60%	-	-
EPS (Basic)	70.50	67.60	63.00	50.88	33.55	19.83
EPS (Diluted)	70.50	67.60	63.00	50.88	33.55	19.83
EPS Growth	5.07%	7.30%	23.83%	51.65%	69.16%	-46.40%
Free Cash Flow	95,362	94,901	78,518	75,006	34,449	32,290
Free Cash Flow Per Share	78.07	77.66	64.25	61.89	28.60	26.81
Dividend Per Share	11.000	11.000	9.000	7.500	6.250	4.250
Dividend Growth	22.22%	22.22%	20.00%	20.00%	47.06%	-
Gross Margin	45.10%	45.75%	44.98%	42.48%	40.47%	38.19%
Operating Margin	23.27%	23.26%	23.13%	21.39%	20.03%	14.83%
Profit Margin	12.76%	12.62%	12.49%	11.15%	9.36%	6.02%
Free Cash Flow Margin	14.14%	14.49%	12.74%	13.56%	7.98%	8.13%
EBITDA	177,188	174,622	163,153	141,954	107,424	77,888
EBITDA Margin	26.27%	26.67%	26.47%	25.67%	24.88%	19.61%
D&A For EBITDA	20,229	22,339	20,622	23,654	20,936	18,995
EBIT	156,959	152,283	142,531	118,300	86,487	58,894
EBIT Margin	23.27%	23.26%	23.13%	21.39%	20.03%	14.83%
Effective Tax Rate	13.80%	13.74%	13.54%	14.92%	14.15%	17.14%
Revenue as Reported	674,605	654,777	616,252	552,999	431,734	397,086

Source: S&P Global Market Intelligence. Standard template. Financial Sources.