SMC redefinesr resilience

The best is yet to come. For San Miguel Corp., for its owners, for the customers it serves and for Filipinos in general.

That is the strong message delivered by SMC chair and CEO Ramon S. Ang when he addressed Tuesday, June 9, 2026 the company’s stockholders during their annual meeting conducted online.

RSA, 72, painted years of robust future SMC growth, thanks to heavy investments in key sectors of the economy, and “years of disciplined investments and execution.”

SMC has seven major businesses – food and beverage, packaging, energy, fuel and oil, infrastructure, cement and real estate and other businesses. In six of these seven, SMC is No. 1, without peer.

For RSA, however, SMC’s main business is nation-building. Or making life better for most Filipinos.

Food is half of the consumer basket, especially for the poor. Energy accounts for 20 percent of household expenditure. We have among the highest priced electricity in the world. Transportation (if you can get it) is another 20 percent of household costs. Provide those and you feel great.

Even if you can get a bus, jeepney or train ride, the service is not guaranteed reliability. There are not enough roads and bridges. Without fail, the roads and bridges done by the Department of Public Works and Highways are either accompanied by massive corruption or massive incompetence or often, both. Thanks to corrupt DPWH engineers, corrupt private contractors and even more corrupt senators and congressmen who are immune from shame and accountability.

RSA has identified current and future sources of explosive growth. “Energy security, transportation connectivity, food security and sustainability remain our main priorities while continuing to create long-term value for our shareholders and contribute meaningfully to national development,” he told stockholders.

“We are expanding our power capacities and pushing ahead with investments in hydro and solar,” he revealed. At the same time, major SMC projects – the Bulacan Airport, MRT-7 and the South Luzon Expressway Toll Road 4 are in advanced stages of execution and or completion.

SMC achieved its unmatched business leadership, thanks to the visioning of Ramon Ang, today the best and boldest CEO of the land. In 2007, RSA uncorked a massive diversification program that remade San Miguel – unrivalled in revenues (P1.7 trillion this year), portfolio of businesses, diversity of products and services, contribution to GDP (5.3 percent) and in making a profound impact on the country and on the daily life of Filipinos.

The Philippines’ largest and most diversified conglomerate (with P2.726-trillion assets) is focused on expanding its renewable energy portfolio and infrastructure projects while aggressively refinancing debt maturities to maintain financial stability amid ongoing market volatility, deteriorating peso rate and geopolitical tensions.

SMC achieved its peerless business dominance despite current seeming political instability with corrupt, murderous and dynastic senators converting their Senate into a playhouse of daily drama and a now notorious vice president, Sara Duterte, impeached twice, facing the trial of the century and disqualification for a presidential run in 2028.

SMC is the Philippines’ biggest power company. It is also the biggest infrastructure company. That is on top of being the biggest brewery, beverage and food company; the biggest cement company; the biggest packaging company, among its biggest-in-business bragging rights.

SMC has power generation capacity of 5,678 megawatts (MW). That’s 20 percent of the national grid of 28,390 megawatts. By region, SMC supplies 25 percent of the Luzon grid, five percent of the Visayas grid and nine percent of the Mindanao grid.

In toll roads, SMC is also the leader. It has 1,162.52 kms of toll roads under management and or under construction, 76.36 percent of total roads operating or being constructed.

Of course, SMC is also the biggest in airports under management – the old NAIA, the new P750-billion Manila International Airport in Bulacan and the Boracay airport in Caticlan.

Already, with NAIA and Caticlan airports, SMC currently services 60 percent of the local and foreign air passenger market.

In its traditional business, SMC has 95 percent of the beer market, powered by Red Horse Beer, 65.1 percent market share; San Miguel Pale Pilsen and Light, 24 percent and Gold Eagle, 5.6 percent.

“Despite global and local operational headwinds, the iconic brands have remained resilient, supported by strong local demand and world-class production facilities, some of which are operating globally,” says San Miguel Food and Beverage Inc. SMC beer and products are sold in 471,000 retail outlets.

“Many of the major projects we invested in over the past few years are now operational and are generating significant value for our company,” RSA enthused.

“Across our businesses, these investments are improving efficiency, expanding capacity, strengthening market positions and creating new opportunities for growth.”

Bulacan’s New MIA first runway will be rolled out in 2028, enabling President Ferdinand R. Marcos Jr., whose six-year term ends on June 30, 2028, to claim he inaugurated Asia’s most modern airport, at least its first runway. “New MIA will be a game changer for national development,” exults Ang.

In February 2026, at the OECD workshop in Paris, San Miguel Aerocity, project proponent, led by Cecile L. Ang, director for corporate relations and special projects, presented the New MIA “as a case study on how major infrastructure projects can align with international environmental and social standards.” No flooding.

At the old NAIA, RSA has executed what looks like a miracle, 20 months after taking over its operation and management. Checking in for flights and getting out of the airport upon arrival are now possible in just 15 minutes. NAIA was once denounced as one of the world’s worst airports.

With a 15-year concession, RSA is repurposing NAIA into a world-class hub. His overarching vision includes expanding total passenger capacity, introducing advanced biometric technology and heavily improving infrastructure.

Plans include a new passenger terminal to increase capacity from 43 million to 62 million passengers yearly. NAIA was originally designed for 35 million passengers only.

In Asia, the Philippines had the worst aviation infrastructure – until San Miguel.

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