SM Investments marks 20 years as listed firm

MANILA, Philippines — SM Investments Corp. (SMIC), the parent company of the SM Group, is setting its sights on creating long-term value for investors over the next two decades of its journey after marking 20 years of transformative growth as a publicly listed company on the Philippine Stock Exchange.

During the company’s listing anniversary bell ringing ceremony yesterday, SMIC president and CEO Frederic DyBuncio said the group’s remarkable growth over the past two decades serves as a testament to the group’s unwavering commitment to the Filipino people and the vision of its founder, Henry Sy Sr.

“Over the past two decades, we’ve consistently created value, delivering steady returns to our investors while expanding opportunities for our people and communities. This legacy of growth and value creation continues to drive us forward,” he said.

For the next 20 years, DyBuncio said that SMIC would continue to expand opportunities for Filipinos in order to provide greater access to modern retail, banking and integrated property developments.

“The next 20 years will see SM continue to lead in retail, property and banking, while expanding into new regions where growth is accelerating, especially in provincial areas,” DyBuncio said.

“As we look to the future, we remain focused on inclusivity and empowerment. Our brand promise, we’ve got it all for you, has served us well for years. But as we move forward, we aim to build an SM for All, one that reaches and benefits every Filipino, ensuring that our growth is shared by all,” he said.

SMIC was listed on March 22, 2005 with an adjusted price of P123.27 per share. Compared to the March 21, 2025 closing price of P800 per share, shares of the company have skyrocketed by 549 percent in the last two decades.

Over the course of 20 years, SM’s assets also surged by 900 percent, delivering a compounded annual growth of 12 percent.

Its total footprint stood at 87 malls, 4,470 retail stores and 2,441 bank branches by end-2024.

SMIC said its growth is rooted in strong governance and responsible practices, with its board composition predominantly composed of independent directors, providing strategic guidance to the direction of the company.

“We continue to invest in green infrastructure, embrace innovation and support communities across the Philippines. At SM, we are focused on building a responsible, sustainable future for the generations to come,” DyBuncio said.