SM Investments Income Statement

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

Millions PHP. Fiscal year is Jan - Dec.

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
Operating Revenue	571,826	557,859	535,633	505,635	455,533	369,453
Other Revenue	129,894	123,874	119,144	110,617	97,466	62,280
Revenue	701,720	681,733	654,777	616,252	552,999	431,734
Revenue Growth	4.34%	4.12%	6.25%	11.44%	28.09%	8.72%
Cost of Revenue	384,347	369,375	355,220	339,079	318,062	257,022
Gross Profit	317,373	312,358	299,557	277,173	234,937	174,712
Selling, General & Admin	99,638	99,638	93,165	85,785	69,943	56,600
Other Operating Expenses	26,347	26,347	29,811	26,112	24,953	11,825
Operating Expenses	151,551	151,551	147,274	134,642	116,637	88,225
Operating Income	165,822	160,807	152,283	142,531	118,300	86,487
Interest Expense	-21,477	-21,778	-23,710	-24,085	-21,547	-19,139
Interest & Investment Income	2,996	3,840	4,577	4,048	3,042	2,203
Currency Exchange Gain (Loss)	563.8	563.8	571.9	328.7	209	790.1
Other Non Operating Income (Expenses)	-828.8	-250.8	-779.9	-391.7	24.13	86.83
EBT Excluding Unusual Items	147,076	143,182	132,942	122,431	100,028	70,429
Gain (Loss) on Sale of Investments	-419	-419	-31	386	-577.96	579.68
Other Unusual Items	-	-	-	-	-310.15	-7,358
Pretax Income	146,657	142,763	132,911	122,817	99,140	63,650
Income Tax Expense	19,314	18,991	18,258	16,632	14,795	9,007
Earnings From Continuing Operations	127,343	123,772	114,653	106,185	84,345	54,644
Minority Interest in Earnings	-33,570	-33,290	-32,044	-29,196	-22,692	-14,232
Net Income	93,773	90,482	82,609	76,989	61,654	40,412
Net Income to Common	93,773	90,482	82,609	76,989	61,654	40,412
Net Income Growth	10.36%	9.53%	7.30%	24.87%	52.56%	69.16%
Shares Outstanding (Basic)	1,215	1,220	1,222	1,222	1,212	1,205
Shares Outstanding (Diluted)	1,215	1,220	1,222	1,222	1,212	1,205
Shares Change	-0.57%	-0.16%	-	0.84%	0.60%	-
EPS (Basic)	77.18	74.17	67.60	63.00	50.88	33.55
EPS (Diluted)	77.16	74.17	67.60	63.00	50.88	33.55
EPS Growth	10.96%	9.71%	7.30%	23.84%	51.65%	69.16%

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
Free Cash Flow	112,070	106,344	94,900	78,517	75,006	34,449
Free Cash Flow Per Share	92.24	87.17	77.66	64.25	61.89	28.60
Dividend Per Share	17.000	17.000	11.000	9.000	7.500	6.250
Dividend Growth	54.55%	54.55%	22.22%	20.00%	20.00%	47.06%
Gross Margin	45.23%	45.82%	45.75%	44.98%	42.48%	40.47%
Operating Margin	23.63%	23.59%	23.26%	23.13%	21.39%	20.03%
Profit Margin	13.36%	13.27%	12.62%	12.49%	11.15%	9.36%
Free Cash Flow Margin	15.97%	15.60%	14.49%	12.74%	13.56%	7.98%
EBITDA	188,051	184,286	174,622	167,238	141,954	107,424
EBITDA Margin	26.80%	27.03%	26.67%	27.14%	25.67%	24.88%
D&A For EBITDA	22,229	23,479	22,339	24,707	23,654	20,936
EBIT	165,822	160,807	152,283	142,531	118,300	86,487
EBIT Margin	23.63%	23.59%	23.26%	23.13%	21.39%	20.03%
Effective Tax Rate	13.17%	13.30%	13.74%	13.54%	14.92%	14.15%
Revenue as Reported	701,720	681,733	654,777	616,252	552,999	431,734