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	2015 - 2019
Period Ending	Mar '25 Mar 31, 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	2015 - 2019
Operating Revenue	543,812	535,633	505,634	455,533	369,453	363,655	Upgrade
Other Revenue	119,258	119,144	110,618	97,466	62,280	33,431	Upgrade
Revenue	663,071	654,777	616,252	552,999	431,734	397,086	Upgrade
Revenue Growth (YoY)	6.66%	6.25%	11.44%	28.09%	8.72%	-20.89%	Upgrade
Cost of Revenue	360,585	355,219	339,079	318,062	257,022	245,456	Upgrade
Gross Profit	302,486	299,558	277,173	234,937	174,712	151,631	Upgrade
Selling, General & Admin	93,165	93,165	85,785	69,943	56,600	92,737	Upgrade
Other Operating Expenses	29,812	29,812	26,112	24,953	11,825	-	Upgrade
Operating Expenses	147,275	147,275	134,642	116,637	88,225	92,737	Upgrade
Operating Income	155,211	152,283	142,531	118,300	86,487	58,894	Upgrade
Interest Expense	-23,869	-23,710	-24,085	-21,547	-19,139	-18,415	Upgrade
Interest & Investment Income	4,613	4,577	4,048	3,042	2,203	2,453	Upgrade
Currency Exchange Gain (Loss)	364.63	571.9	328.7	209	790.1	268	Upgrade
Other Non Operating Income (Expenses)	-608.5	-779.75	-392.57	24.13	86.83	-153.06	Upgrade
EBT Excluding Unusual Items	135,711	132,942	122,431	100,028	70,429	43,046	Upgrade
Gain (Loss) on Sale of Investments	-30.43	-30.43	386.34	-577.96	579.68	-1,019	Upgrade
Other Unusual Items	-	-	-	-310.15	-7,358	-	Upgrade
Pretax Income	135,680	132,911	122,817	99,140	63,650	42,026	Upgrade
Income Tax Expense	18,660	18,258	16,632	14,795	9,007	7,201	Upgrade
Earnings From Continuing Operations	117,021	114,653	106,185	84,345	54,644	34,825	Upgrade
Minority Interest in Earnings	-32,751	-32,044	-29,196	-22,692	-14,232	-10,935	Upgrade
Net Income	84,270	82,609	76,989	61,654	40,412	23,890	Upgrade
Net Income to Common	84,270	82,609	76,989	61,654	40,412	23,890	Upgrade
Net Income Growth	7.93%	7.30%	24.87%	52.56%	69.16%	-46.40%	Upgrade
Shares Outstanding (Basic)	1,222	1,222	1,222	1,212	1,205	1,205	Upgrade
Shares Outstanding (Diluted)	1,222	1,222	1,222	1,212	1,205	1,205	Upgrade
Shares Change (YoY)	-0.00%	-	0.84%	0.60%	-	-	Upgrade
EPS (Basic)	68.96	67.60	63.00	50.88	33.55	19.83	Upgrade
EPS (Diluted)	68.96	67.60	63.00	50.88	33.55	19.83	Upgrade
EPS Growth	7.93%	7.30%	23.83%	51.65%	69.16%	-46.40%	Upgrade
Free Cash Flow	98,479	94,901	78,518	75,006	34,449	32,290	Upgrade
Free Cash Flow Per Share	80.59	77.66	64.25	61.89	28.60	26.81	Upgrade
Dividend Per Share	11.000	11.000	9.000	7.500	6.250	4.250	Upgrade
Dividend Growth	22.22%	22.22%	20.00%	20.00%	47.06%	-	Upgrade
Gross Margin	45.62%	45.75%	44.98%	42.48%	40.47%	38.19%	Upgrade
Operating Margin	23.41%	23.26%	23.13%	21.39%	20.03%	14.83%	Upgrade
Profit Margin	12.71%	12.62%	12.49%	11.15%	9.36%	6.02%	Upgrade
Free Cash Flow Margin	14.85%	14.49%	12.74%	13.56%	7.98%	8.13%	Upgrade
EBITDA	173,735	174,622	163,153	141,954	107,424	77,888	Upgrade
EBITDA Margin	26.20%	26.67%	26.47%	25.67%	24.88%	19.61%	Upgrade
D&A For EBITDA	18,524	22,339	20,622	23,654	20,936	18,995	Upgrade
EBIT	155,211	152,283	142,531	118,300	86,487	58,894	Upgrade
EBIT Margin	23.41%	23.26%	23.13%	21.39%	20.03%	14.83%	Upgrade
Effective Tax Rate	13.75%	13.74%	13.54%	14.92%	14.15%	17.14%	Upgrade
Revenue as Reported	663,071	654,777	616,252	552,999	431,734	397,086	Upgrade

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