San Miguel Corp., the country’s largest conglomerate, reported a 48 percent jump in first-half consolidated core net income to ₱54.2 billion, driven by robust performance across its power, fuel, and food operations despite the volatile global backdrop, elevated operational costs, and weaker...
San Miguel Corp. affiliate Bank of Commerce (BankCom) reported a 13 percent improvement in net income to ₱2.11 billion in the first half of the year from ₱1.86 billion in the same period last year, driven by continued growth across its revenue streams. In a disclosure to the Philippine Stock...
Diversified conglomerate San Miguel Corp. (SMC) listed ₱30 billion worth of preferred shares on the Philippine Stock Exchange (PSE) on Monday, Aug. 3, following a successful follow-on offering (FOO). PSE President and Chief Executive Officer (CEO) Ramon S. Monzon commended SMC for its successful...
Diversified conglomerate San Miguel Corp. (SMC) has retained the highest PRS Aaa issue credit rating, with a stable outlook, from Philippine Rating Services Corp. (PhilRatings) for its outstanding bonds totaling ₱139.2 billion. Obligations rated PRS Aaa are of the highest quality with minimal...
San Miguel Corp. launched a ₱30 billion preferred share sale on Wednesday, July 15, kicking off a major fundraising drive to bankroll its massive international airport project in Bulacan and refinance looming debt maturities. The diversified conglomerate is offering 266.67 million Series 2...
San Miguel Corp. (SMC) may complete the first runway of its ₱735-billion New Manila International Airport ahead of its 2028 timeline, despite construction bottlenecks caused by supply shortages in Manila Bay. Ramon S. Ang, SMC chairman and chief executive officer, assured shareholders during the...
Diversified conglomerate San Miguel Corp. plans to raise as much as ₱30 billion through the sale of preferred shares to refinance looming debt obligations and bankroll its ambitious aviation infrastructure portfolio. The diversified company filed a registration statement with the Securities and...
Despite a challenging operating environment, San Miguel Corp. 's hard liquor arm, Ginebra San Miguel Inc. (GSMI), sustained its growth momentum in the first quarter of 2026, with net income rising faster than revenues. First-quarter net income reached ₱2.3 billion, up nine percent from the...
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...
Bank of Commerce (BankCom), the banking arm of Ramon Ang’s diversified conglomerate San Miguel Corp., reported a 13 percent increase in first-quarter net income as higher interest rates and robust lending activity offset a slump in trading gains triggered by geopolitical tensions. In a disclosure...
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...
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,...
