SM Prime books 11% income growth in Q1, hits pause on REIT plans

MANILA, Philippines – SM Prime Holdings Incorporated is off to a good start this year.

The mall giant scored an 11% income growth to P11.9 billion in the first three months of 2025, up from P10.7 billion booked in the same period last year. Net income attributable to equity holders also grew 11% to P11.7 billion, while total revenues went up 7% to P30.7 billion from P32.8 billion.

“Our portfolio is off to a strong and promising start this year,” SM Prime President Jeffrey Lim said on Tuesday, April 29.