SM Investments Corp. marked two decades of transformative growth as a publicly-listed company on the Philippine Stock Exchange.
SM listed on March 22, 2005 with an adjusted price of P123.27 per share.
Compared to the March 21, 2025 closing price of P800 per share, the price of SM grew by 549 percent in the last two decades.
Over the course of 20 years, SM’s assets expanded 900 percent, delivering a compounded annual growth of 12 percent.
SM Investments president and chief executive Frederic DyBuncio said in his remarks during the anniversary ceremony the group’s remarkable growth is a testament to SM’s unwavering commitment to the Filipino people and the vision of its founder Henry Sy Sr.
“Over the past two decades, we’ve consistently created value, delivering steady returns to our investors while expanding opportunities for our people and communities. This legacy of growth and value creation continues to drive us forward,” DyBuncio said.
SM believes its growth is rooted in strong governance and responsible practices with its board composition predominantly composed of independent directors, providing strategic guidance to the direction of the company.
“We continue to invest in green infrastructure, embrace innovation, and support communities across the Philippines. At SM, we are focused on building a responsible, sustainable future for the generations to come,” DyBuncio said.
DyBuncio said SM is focused on creating long-term value for investors.
“The next 20 years will see SM continue to lead in retail, property, and banking, while expanding into new regions where growth is accelerating, especially in provincial areas,” he said.
SM Prime Holdings Inc. is earmarkingP100 billion this year for its malls, residences and hotels, driven by expectations of a sustained growth in consumer demand and corporate activity.
SM Investments announced a $1-billion buyback program, the largest and first in its corporate history.
“Our buyback program is a clear signal of our confidence in the future of both SM and the Philippine market. We believe in our country’s potential and in the enduring value SM will continue to create for its shareholders,” DyBuncio said.
SM expanded by an additional 619 retail stores in 2024, two malls and 73 bank branches, with over 85 percent of its footprint in the provinces.
This brought SM’s total footprint to 87 malls, 4,470 retail stores and 2,441 bank branches by end 2024. As SM expands, it continues to broaden access to different markets and enhance synergies across its businesses.
“We will continue to expand opportunities for Filipinos, providing greater access to modern retail, banking and integrated property developments that will help foster community, innovation, and sustainability for the next generation,” DyBuncio said.
SM founder Henry Sy believed that business growth and social progress went hand in hand. Guided by this principle, and through the SM Foundation, the group granted 6,619 college scholarships, built 110 school buildings, trained 32,359 farmers, served 1,314,118 patients through medical missions, and Improved 216 health and wellness centers to date.
“As we look to the future, we remain focused on inclusivity and empowerment. Our brand promise, ‘We’ve got it all for you’ has served us well for years. But as we move forward, we aim to build an SM for All, one that reaches and benefits every Filipino, ensuring that our growth is shared by all,” he said.