SM Prime Holdings 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	Sep '26 Sep 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
Rental Revenue	88,534	83,567	78,674	72,114	58,244	34,694
Other Revenue	52,233	57,540	61,717	55,984	47,542	47,621
Total Revenue	140,766	141,107	140,391	128,098	105,786	82,315
Revenue Growth (YoY	-2.27%	0.51%	9.60%	21.09%	28.51%	0.51%
Property Expenses	21,100	21,800	23,564	20,656	19,970	19,786
Selling, General & Administrative	21,158	22,384	24,289	24,507	17,861	13,413
Depreciation & Amortization	16,482	15,536	15,038	13,657	12,488	10,817
Other Operating Expenses	10,438	9,657	9,463	7,999	6,224	5,885
Total Operating Expenses	69,178	69,376	72,354	66,818	56,542	49,901
Operating Income	71,589	71,731	68,037	61,279	49,243	32,415
Interest Expense	-14,551	-14,130	-15,096	-14,329	-11,903	-9,762
Interest & Investment Income	1,752	2,392	2,229	2,185	1,776	1,025
Income (Loss) on Equity Investments	2,778	2,785	2,043	2,163	1,720	1,187
Other Non-Operating Income	-2,464	-1,812	-395.27	-1,310	-2,017	2,316
EBT Excluding Unusual Items	59,103	60,966	56,818	49,988	38,820	27,182
Gain (Loss) on Sale of Assets	-35.15	32.26	24.56	-148.14	-105.7	551.97
Pretax Income	59,068	60,998	56,842	49,840	38,714	27,734
Income Tax Expense	11,034	11,271	10,303	8,976	7,971	5,822
Earnings From Continuing Operations	48,033	49,727	46,539	40,864	30,743	21,911
Minority Interest in Earnings	-1,015	-878.8	-907.67	-853.34	-643.33	-124.89
Net Income	47,018	48,848	45,632	40,011	30,100	21,787
Net Income to Common	47,018	48,848	45,632	40,011	30,100	21,787
Net Income Growth	-4.03%	7.05%	14.05%	32.93%	38.16%	20.99%
Basic Shares Outstanding	28,701	28,844	28,856	28,856	28,856	28,856
Diluted Shares Outstanding	28,701	28,844	28,856	28,856	28,856	28,856
Shares Change	-0.53%	-0.04%	-	-	-	-
EPS (Basic)	1.64	1.69	1.58	1.39	1.04	0.75
EPS (Diluted)	1.64	1.69	1.58	1.39	1.04	0.75
EPS Growth	-3.53%	7.09%	14.05%	32.93%	38.16%	20.99%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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
Dividend Per Share	0.420	0.420	0.480	0.346	0.237	0.097
Dividend Growth	-12.50%	-12.50%	38.73%	45.99%	144.33%	18.29%
Operating Margin	50.86%	50.83%	48.46%	47.84%	46.55%	39.38%
Profit Margin	33.40%	34.62%	32.50%	31.23%	28.45%	26.47%
EBITDA	86,564	86,449	82,244	74,177	60,912	43,231
EBITDA Margin	61.49%	61.27%	58.58%	57.91%	57.58%	52.52%
D&A For Ebitda	14,975	14,718	14,207	12,897	11,669	10,816
EBIT	71,589	71,731	68,037	61,279	49,243	32,415
EBIT Margin	50.86%	50.83%	48.46%	47.84%	46.55%	39.38%
Effective Tax Rate	18.68%	18.48%	18.13%	18.01%	20.59%	20.99%
Revenue as Reported	140,766	141,107	140,391	128,098	105,786	82,315