SM Prime Holdings, Inc. (SM Prime) saw its net income expand to P48.8 billion in 2025, a 7-percent jump from P45.6 billion the previous year. Growth was driven by stronger commercial property revenues and disciplined cost management.

Consolidated revenues reached P141.1 billion, slightly higher than the P140.4 billion booked the previous year. The mall segment contributed P85.1 billion, accounting for 60% of total revenues, followed by residential (30%) at P42.5 billion, hotels and convention centers (6%) at P8.5 billion, and offices and warehouses (4%) at P5.4 billion.

Revenue contribution from commercial properties, which include rental establishments, grew by over 6% from P92.6 billion to P98.6 billion.

Total costs and expenses declined by 4% from P72.4 billion to P69.4 billion on lower operating expenses, film rentals, insurance and other expenses.

"2026 will bring its own set of challenges but with disciplined execution and sharper customer focus, we expect to sustain our growth momentum," said SM Prime President Jeffrey C. Lim.