
SM Prime’s First Half 2026 Earnings: What the P24.5 Billion Net Income Means
SM Prime Holdings, Inc., one of the biggest mall and property developers in the Philippines, announced on August 10, 2026, that it earned P24.5 billion
SM Prime Holdings, Inc. is a Filipino integrated property developer and a public subsidiary of SM Investments Corporation. SM Prime Holdings, Inc. was incorporated in the Philippines in 1994 and started as a mall developer and operator, growing to become the biggest retail shopping center developer and operator in the Philippines.
The company operates through four primary business segments. SM Supermalls operates a chain of shopping malls with a total of 98 malls, 89 of which are in the Philippines and 9 in China, attracting an average foot traffic of 3.5 million daily with over 5,000 tenant partners. SM Development Corporation (SMDC), SM Prime’s wholly-owned residential developer, is a trailblazer in the middle market residential condominiums that develops primary homes for customers looking for conveniently located, aspirational, yet affordable residences. The Commercial Properties Group (CPG) is engaged in the development and leasing of office buildings in Metro Manila. Its Hotels and Convention Centers business unit develops and manages various hotel and convention centers across the country.
SM Prime’s primary activities include the development of malls, residences, offices, hotels, and convention centers, and it carries out the development and operation of properties in the Philippines and China. SM Prime is one of the largest integrated property developers in Southeast Asia that offers innovative and sustainable lifestyle cities with the development of malls, residences, offices, hotels, and convention centers. The company remains committed to creating modern, integrated communities that serve diverse market segments while contributing to economic development across the region.

SM Prime Holdings, Inc., one of the biggest mall and property developers in the Philippines, announced on August 10, 2026, that it earned P24.5 billion

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