SM Investments Boosts Shareholder Dividends by 31% to PHP 17 Per Share

SM Investments Increases Dividends by 31%

SM Investments Corporation (SM), the parent entity of the SM Group in the Philippines, recently declared a remarkable dividend increase of 31%, raising the payout to PHP 17 per share from PHP 13 in the previous year. This increase reflects the company’s confidence in its robust cash-generating capabilities while continuing to invest substantially for future growth.

As of December 31, 2025, this adjustment translates into a dividend yield of 2.4%, which is a significant return for shareholders. The total dividend payout surged from PHP 16 billion last year to PHP 20.7 billion, highlighting the company's commitment to enhancing shareholder value. This is the fifth consecutive year that SM has ramped up its dividend payments, building on the previously reported 44% increase per share in the last year.

In the last five years, dividends paid by SM have skyrocketed from PHP 5 billion in 2021 to PHP 16 billion in 2025, marking an impressive compound annual growth rate of over 32%. Since the company's listing in 2005, cumulative dividends returned to shareholders amount to PHP 148.9 billion as of the end of 2025.

Frederic C. DyBuncio, President and CEO of SM Investments, emphasized the company's commitment to offering higher returns to its shareholders. He stated, "Our businesses provide us with strong, diverse, and reliable cash flows that enable us to do so while also growing our businesses and maintaining a strong balance sheet."

Shareholders who are on record as of May 14, 2026, will receive their dividend payments on May 28, 2026. The company highlights that its significant scale, consistent income streams, and engagement with the consumption-driven Philippine economy allow it to maintain robust cash flows and allocate capital wisely for long-term value creation.

"Our approach remains consistent: reinvesting in high-quality businesses and consistently returning capital to shareholders," DyBuncio added.

The strength of SM's financial backbone is underpinned by its market-leading positions in various sectors, with 90% of its earnings derived from recurring sources including retail, banking, and property investments. This recurring revenue supports both capital returns to shareholders and investments for growth. Furthermore, a conservative leverage approach enables SM to endure various economic cycles and provides flexibility for capital allocation.

About SM Investments Corporation

SM Investments Corporation is a market leader in the Philippines with a diverse portfolio spanning retail, banking, and property sectors, coupled with investments in promising opportunities within the Philippine economy. The retail operations are the largest and most varied nationwide, led by the property arm, SM Prime Holdings, Inc., which is recognized as the country's foremost integrated property developer. Additionally, SM’s banking interests include BDO Unibank, Inc. - the largest bank in the Philippines - alongside China Banking Corporation, one of the top private domestic banks in the country.

To learn more about SM Investments and its financial initiatives, please visit www.sminvestments.com.