Below are the financial statements of SM Investments, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of PHP | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenues | — | — | — |
| Sales | — | — | — |
| Merchandise | 421,756.98a | 401,725.53a | 367,318.58a |
| Real estate | 45,910.2a | 42,124.09a | 39,046.51a |
| Rent | 67,965.72a | 61,784.74a | 49,167.57a |
| Equity in net earnings of associate companies and joint ventures | 50,001.8a | 44,945.11a | 35,825.73a |
| Others | 69,142.3a | 65,672.42a | 61,640.19a |
| Revenues | 654,777a | 616,251.89a | 552,998.58a |
| Costs and expenses | -502,951.23a | -474,083.86a | -435,430.93a |
| Operating income | 151,825.77a | 142,168.02a | 117,567.65a |
| Other income (charges) | — | — | — |
| Interest expense | -23,710.24a | -24,084.74a | -21,547.07a |
| Interest income | 4,576.76a | 4,048.28a | 3,042.37a |
| Gain (loss) from fair value changes on derivatives - net | -480.04a | -30.73a | 866.5a |
| Impairment reversal (provision) | -475.72a | 320.21a | -787.17a |
| Foreign exchange gain (loss) - net and others | 1,174.76a | 396.17a | -2.09a |
| Other income (charges) | -18,914.49a | -19,350.82a | -18,427.46a |
| Income before income tax | 132,911.28a | 122,817.21a | 99,140.19a |
| Provision for income tax | — | — | — |
| Current | -16,928.77a | -16,209.03a | -14,248.18a |
| Deferred | -1,329.6a | -423.12a | -546.64a |
| Provision for income tax | -18,258.38a | -16,632.14a | -14,794.82a |
| Net income | 114,652.91a | 106,185.06a | 84,345.37a |
| Attributable to owners of the parent | 82,608.71a | 76,989.04a | 61,653.67a |
| Non-controlling interests | 32,044.2a | 29,196.02a | 22,691.71a |
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