Diversified conglomerate San Miguel Corp. reported a 48 percent decline in first-quarter net income after the absence of a massive one-time gain from the previous year masked an otherwise robust operational performance across its energy and infrastructure portfolios. In a statement, the firm said...
San Miguel Food and Beverage Inc. (SMFB), the food and drinks arm of San Miguel Corp., reported a two percent increase in first-quarter net income as growth in its food and spirits units offset a flat performance in its core beer business. Net income rose to ₱11.8 billion in the three months...
Petron Corp., the country’s only remaining oil refiner, reported a 56 percent drop in first-quarter net income as escalating Middle East tensions and unplanned refinery shutdowns weighed on its bottom line. In a statement on Tuesday, May 5, Petron said its net income in January to March fell to...
Leading online gaming firm DigiPlus Interactive Corp. is weighing an expansion of its physical casino footprint through the potential acquisition of the Manila Diamond Hotel from billionaire Ramon S. Ang. In a disclosure to the Philippine Stock Exchange, DigiPlus confirmed InsiderPH’s report...
San Miguel Holdings Corp. (SMHC), the infrastructure arm of diversified conglomerate San Miguel Corp. (SMC), has been awarded the ₱7.78-billion Boracay Bridge Project by the Department of Public Works and Highways (DPWH). In a March 30 notice of award (NOA) addressed to SMHC Chairman and...
Petron Corp., the only remaining oil refinery in the country, is once again open to a government takeover, potentially through a partnership with the state-run Maharlika Investment Corp. (MIC). The move comes as the Ramon Ang-led company seeks to address volatile fuel costs, though economists...
Billionaire Ramon S. Ang is reviving a proposal to sell Petron Corp. back to the government, framing the move as a way to bolster energy security while the nation grapples with a declared national energy emergency. The offer from the San Miguel Corp. chairman and chief executive officer comes as...
San Miguel Corp., the Philippines’ largest conglomerate by sales, reported a 52 percent surge in full-year core net income as improved margins and aggressive cost discipline across its diverse portfolio offset a slight dip in consolidated revenue. Core net income reached ₱79.6 billion in 2025,...
San Miguel Food and Beverage Inc. (SMFB), a core subsidiary of diversified conglomerate San Miguel Corp. (SMC), reported a 13-percent increase in consolidated net income to ₱46.3 billion last year. In a disclosure to the Philippine Stock Exchange (PSE) on Tuesday, March 10, the firm said growth...
Diversified conglomerate San Miguel Corp. (SMC) expects a stronger performance this year as its portfolio of businesses maintains a trajectory of profitability despite global economic headwinds. SMC Chairman and Chief Executive Officer Ramon S. Ang said in a recent interview that every unit within...
Diversified conglomerate San Miguel Corp. (SMC) expects the holiday season to perk up its already high earnings growth rate in the first nine months of 2025. “Despite factors outside our control, we delivered strong results and continued making steady progress on our major projects,” SMC...
San Miguel Food and Beverage Inc. (SMFB), a core unit of diversified conglomerate San Miguel Corp., reported an 11 percent growth in consolidated net income to ₱33.7 billion for the first nine months of 2025, driven by strong performances across its food, beer, and spirits divisions. Consolidated...
