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Manila Bulletin devider Business devider The Stock Market devider San Miguel breaks Top 10 as 40 PH firms land on Fortune Southeast Asia 500

San Miguel breaks Top 10 as 40 PH firms land on Fortune Southeast Asia 500

Published Jun 17, 2025 03:41 pm
A total of 40 Filipino companies were included in the second annual Fortune Southeast Asia 500 list, which ranked the region’s top corporations based on their 2024 revenues.
Topping the list of Philippine firms are the largest conglomerates, banks, and utilities, with San Miguel Corporation leading the pack at number 9 with revenues of $27.5 billion, the only one to be named among the top 10 highest revenue-generating companies in Southeast Asia.
Next in the list are SM Investments Corporation (#25, $11.43 billion), Manila Electric Company (#35, $8.21 billion), Ayala Corporation (#47, $6.56 billion), and JG Summit Holdings Inc. (#50, $6.24 billion).
Completing the top 10 Filipino firms in the list are BDO Unibank (#52, $6.11 billion), GT Capital Holdings (#61, $5.61 billion), Aboitiz Equity Ventures (#68, $5.29 billion), Jollibee Foods Corporation (#79, $4.71 billion), and Cosco Capital (#88, $4.14 billion).
“The second annual Fortune Southeast Asia 500 provides a snapshot of a region ready to take advantage of global supply chain shifts and booming industries like mining, EVs, and AI,” Fortune said.
It noted that, “The seven countries in last year’s inaugural Southeast Asia 500 list—Indonesia, Thailand, Malaysia, Singapore, Vietnam, the Philippines, and Cambodia—return in 2025 and continue to make their mark on the region’s economy.
“Together, the Southeast Asia 500 companies are playing an increasingly important role in global supply chains—capturing manufacturing capacity shifting from China, which is drawing significant capital flows and reshaping global trade dynamics.”
SM Investments Corporation President and CEO Frederic C. DyBuncio said “We are grateful to be included once again in this year’s Southeast Asia Fortune 500, and to be recognized as one of the top-ranked Philippine companies. This reflects the continued efforts of our teams across the SM group, and the trust of the customers, communities, and partners we serve.
It’s encouraging to see how businesses across the region, amid ongoing uncertainties, are contributing to Southeast Asia’s growth and vibrancy. At SM, we remain committed to enabling progress that is purposeful, inclusive, and sustainable,” he added.
The Ayala Group said it celebrates its rankings in the 2025 Fortune Southeast Asia 500, with three companies taking spots on the index.
Ayala Corporation jumped to 47th this year, a rise of 23 spots from 70th in the inaugural index last year, Bank of the Philippine Islands took the 90th spot, while Globe placed 114th.
“The Ayala Group’s rankings in the Fortune 2025 Southeast Asia 500 is a testament to its sustained momentum and affirms its strategic presence in key growth sectors. This recognition serves as an inspiration for Ayala to continue investing in businesses that contribute to nation-building and help Filipinos thrive,” the conglomerate said.
DigiPlus Interactive Corporation secured the 223rd spot in the prestigious Fortune Southeast Asia 500 list, marking its second consecutive year as one of the region’s largest and fastest-growing companies by revenue.
The digital entertainment leader moved up more than 259 notches from last year, reflecting sustained growth in its 2024 financial performance and solidifying its status as a leading force in the Philippine gaming and entertainment landscape.
“Being part of Fortune’s list is a reflection of the trust we’ve earned and the impact we deliver,” said DigiPlus Chairman Eusebio Tanco.
He added that, “From building world-class gaming platforms, to pioneering self-exclusion tools, we are shaping a safer, more vibrant digital entertainment industry.”
Bloomberry Resorts Corporation, developer and operator of Solaire resorts, was ranked 289th in the list, jumping 18 places from rank 307 in the 2024 list as revenues were lifted by the contribution of Solaire Resort North.
Recording revenue of $921 million in 2024, Bloomberry was the 32nd largest by revenue among Philippine names.
Landing on the list for the first time is D&L Industries Inc., the country’s top specialty food ingredients and oleochemicals producer, at number 355 with revenues of $710 million.

Related Tags

San Miguel Corporation SM Investments Corporation Ayala Corporation Digiplus Interactive Corporation Bloomberry Resorts Corporation D&L Industries Inc. Fortune
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