SM Investments Corporation (PSE:SM)
Philippines · Delayed Price · Currency is PHP 555.00
-5.00 (-0.89%)
At close: Aug 28, 2026
SM Investments Cash Flow Statement
Financials in millions PHP. Fiscal year is January - December.
Millions PHP. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 93,773 | 90,482 | 82,609 | 76,989 | 61,654 | 40,412 |
Depreciation & Amortization | 28,634 | 27,696 | 26,508 | 24,707 | 23,654 | 20,936 |
Loss (Gain) From Sale of Investments | 419 | 419 | 31 | -386 | 577.96 | -579.68 |
Loss (Gain) on Equity Investments | -57,035 | -54,855 | -50,873 | -45,857 | -37,003 | -27,356 |
Provision & Write-off of Bad Debts | -39 | -39 | 71 | - | - | - |
Other Operating Activities | 55,598 | 54,011 | 57,436 | 54,592 | 47,999 | 27,806 |
Change in Accounts Receivable | -792 | -11,584 | -21,279 | -16,883 | -7,502 | -5,231 |
Change in Inventory | -1,103 | 862 | -2,185 | -24,275 | -40,686 | -37,303 |
Change in Accounts Payable | 3,691 | 2,767 | 9,732 | 14,195 | 34,082 | 36,544 |
Change in Other Net Operating Assets | 288 | 7,204 | 5,599 | 7,797 | 1,909 | -7,493 |
Operating Cash Flow | 123,434 | 116,963 | 107,649 | 90,879 | 84,684 | 47,735 |
Operating Cash Flow Growth | 19.48% | 8.65% | 18.45% | 7.32% | 77.40% | 19.70% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -11,364 | -10,619 | -12,749 | -12,362 | -9,678 | -13,286 |
Sale of Property, Plant & Equipment | 51 | 39 | 318 | 53 | 241.91 | 365.86 |
Cash Acquisitions | - | - | - | - | -88.61 | -5,685 |
Divestitures | 20 | 20 | - | - | - | - |
Sale (Purchase) of Real Estate | -67,968 | -76,825 | -66,963 | -68,131 | -33,906 | -41,241 |
Investment in Securities | 688 | -3,817 | 14,334 | 8,877 | -27,542 | -3,189 |
Other Investing Activities | 8,613 | 15,999 | 19,951 | 30,209 | 19,778 | 22,141 |
Investing Cash Flow | -69,960 | -75,203 | -45,109 | -41,354 | -51,194 | -40,894 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Short-Term Debt Issued | - | 96,643 | 105,535 | 45,600 | 66,878 | 53,296 |
Long-Term Debt Issued | - | 130,292 | 112,876 | 107,591 | 100,257 | 129,529 |
Total Debt Issued | 235,916 | 226,935 | 218,411 | 153,191 | 167,135 | 182,826 |
Short-Term Debt Repaid | - | -100,562 | -94,961 | -52,907 | -73,264 | -53,510 |
Long-Term Debt Repaid | - | -123,875 | -136,961 | -108,563 | -77,484 | -97,317 |
Total Debt Repaid | -245,413 | -224,437 | -231,922 | -161,470 | -150,749 | -150,827 |
Net Debt Issued (Repaid) | -9,497 | 2,498 | -13,511 | -8,279 | 16,387 | 31,999 |
Repurchase of Common Stock | -8,616 | -5,134 | - | - | - | - |
Common Dividends Paid | -32,581 | -29,753 | -20,435 | -17,335 | -12,714 | -9,653 |
Other Financing Activities | -16,223 | -20,071 | -19,820 | -26,709 | -19,910 | -18,413 |
Financing Cash Flow | -66,917 | -52,460 | -53,766 | -52,323 | -16,237 | 3,933 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | 109 | 19 | 8 | -17 | -44.27 | -82.12 |
Net Cash Flow | -13,334 | -10,681 | 8,782 | -2,815 | 17,208 | 10,692 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 112,070 | 106,344 | 94,900 | 78,517 | 75,006 | 34,449 |
Free Cash Flow Growth | 21.24% | 12.06% | 20.87% | 4.68% | 117.73% | 6.69% |
Free Cash Flow Margin | 15.97% | 15.60% | 14.49% | 12.74% | 13.56% | 7.98% |
Free Cash Flow Per Share | 92.24 | 87.17 | 77.66 | 64.25 | 61.89 | 28.60 |
Levered Free Cash Flow | 129,759 | 117,597 | 89,046 | 104,677 | 50,310 | 22,209 |
Unlevered Free Cash Flow | 143,182 | 131,208 | 103,864 | 119,730 | 63,777 | 34,170 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 20,370 | 20,691 | 22,224 | 22,835 | 19,910 | 18,413 |
Cash Income Tax Paid | 18,395 | 18,237 | 16,488 | 15,748 | 13,357 | 7,583 |
Change in Working Capital | 2,084 | -751 | -8,133 | -19,166 | -12,197 | -13,483 |