SM Prime posts record 2024 net profit of P45.6B

By Earl John Alfaro

Feb 18, 2025 12:28 am

SY-LED integrated property developer SM Prime Holdings Inc. (SMPH) on Monday said that consolidated net income had hit a record P45.6 billion last year, 14 percent higher than 2023's and driven by higher contributions across all its businesses.

In a disclosure, SM Prime said that consolidated revenues also hit an all-time high of P140.4 billion from 2023's P128.1 billion due to higher rental income, real estate sales and revenues from services and experiential offerings.

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