SM Prime Nine-Month Net Income Rises 10% to P37.2 Billion

SM Prime Holdings, Inc. (SM Prime) reported an 8 percent year-on-year increase in third-quarter net income to P12.8 billion from P11.8 billion, lifting nine-month profit to P37.2 billion, up 10 percent from P33.9 billion a year earlier. The growth was driven by higher contributions from the mall and convention center segments.

Mall of Asia Complex: SM Prime’s Flagship Integrated Property Development.

“Our malls remain strong anchors for growth,” said SM Prime President Jeffrey C. Lim. “Their performance was driven by regional expansion, the upgrading of flagship malls, and the introduction of more experiential retail and dining concepts.”

Total revenues from January to September rose 4 percent to P103.4 billion from P99.8 billion. Malls accounted for 59 percent of consolidated revenues, increasing 7 percent to P61.0 billion from P57.3 billion due to the addition of leasable space and tenants.

The residential segment, covering both core and leisure projects, contributed over 31 percent of total revenues, easing 2 percent to P32.6 billion from P33.1 billion due to slower revenue recognition from mid-segment developments.

Hotels and Convention Centers registered the strongest growth at 9 percent, rising to P6.0 billion from P5.5 billion on the back of higher MICE bookings. The segment contributed nearly 6 percent to consolidated revenues.

Revenues from Offices and Warehouses, which represented almost 4 percent of the total, remained steady at P4.0 billion, reflecting temporary tenant relocations during renovation works in two warehouses.

“The residential and office segments were tempered by macroeconomic conditions, but recovery initiatives are underway,” Lim added.

Capital expenditures reached P59.3 billion in the first nine months, an 11 percent increase from the same period last year, driven by ongoing mall and residential projects. The remainder went to estate, hotel and convention center developments.

SM Prime ended the period with a net debt-to-equity ratio of 46:54 and an interest coverage ratio of 7.1x. Total assets reached P1.08 trillion, with investment properties accounting for 60 percent, while cash and cash equivalents stood at P33.2 billion. (SM PRIME)

SM City Mindpro Joins Nationwide Simultaneous Earthquake Drill

In support of the government’s efforts to strengthen disaster preparedness and resilience, SM City Mindpro actively participated in the Nationwide Simultaneous Earthquake Drill (NSED) held yesterday, November 6, at 9:00 AM.

 

The activity was joined by mall employees, tenants, and affiliates, all of whom took part in the evacuation drill to ensure readiness in the event of an actual earthquake. The Emergency Response Team (ERT) of SM City Mindpro was also activated, demonstrating proper emergency protocols and coordination during the exercise.

 

The drill simulated earthquake conditions, prompting a smooth and orderly evacuation of participants to the designated open area in Campaner Street. This initiative forms part of SM’s continuing commitment to safety, preparedness, and community resilience, aligning with its long-standing partnership with the Office of Civil Defense (OCD) and the National Disaster Risk Reduction and Management Council (NDRRMC).

 

“Through regular participation in these nationwide drills, we ensure that our employees, tenants, and customers are well-informed and ready to respond effectively during emergencies,” said Engr. Rommel Bellen, Assistant Mall Manager of SM City Mindpro.

 

SM Supermalls upholds its advocacy on safety and sustainability, continuously enhancing emergency response protocols and disaster readiness measures across all its malls nationwide.

First-Ever Sensory Lab Opening Soon at SM Supermalls

In line with its mission to create a mall for all, SM Supermalls, through its corporate social responsibility arm SM Cares, will soon open the first-ever SM Sensory Lab at SM Mall of Asia. This dedicated space is designed to provide a calm and comfortable environment for individuals with sensory sensitivities, including those with autism spectrum disorder (ASD), sensory processing disorder (SPD), and anxiety disorder.

Partners unite to bring the SM Sensory Lab to life — creating inclusive spaces that empower persons with special needs and enrich the community.

The SM Sensory Lab: Calming Corner is part of SM Cares’ advocacy for Persons with Disabilities, taking the next major steps to making every mall visit welcoming, inclusive, and compassionate. The space aims to offer visitors a moment of rest from overstimulating environments and ensure that every Filipino can enjoy a great malling experience.

The SM Sensory Lab supports the unique needs of individuals with sensory sensitivities — fostering comfort and meaningful engagement in public spaces.

Developed in partnership with the Department of Social Welfare and Development (DSWD), the National Council on Disability Affairs (NCDA), and the Autism Society Philippines (ASP), this initiative reflects SM’s leadership in promoting accessibility and empathy across its malls.

“The SM Sensory Lab represents our vision of inclusivity and care,” said Mr. Steven Tan, President of SM Supermalls. “Through this calming space, we hope to create an environment where every visitor—especially those with sensory sensitivities—feels safe, supported, and truly welcome.”

Creating a Calming Experience for All

The SM Sensory Lab features a thoughtfully designed environment aimed at reducing sensory overload and providing comfort for individuals with sensory sensitivities. The space is equipped with soft lighting to minimize visual overstimulation and a quiet atmosphere to help reduce auditory triggers. Visitors can relax in comfortable seating areas furnished with soft chairs and cushions, while sensory tools such as calming toys and blankets offer tactile comfort.

The SM Sensory Lab features soft lights, tactile panels, and a calming atmosphere — thoughtfully designed to support the sensory needs of individuals.

Admission to the Sensory Lab is free of charge and open to children and adults with sensory sensitivities, accompanied by a guardian or caregiver. To support ease of navigation and emotional regulation, the space also includes visual supports and schedules to help visitors feel more at ease. The overall layout is organized and clutter-free, maintaining a peaceful setting that promotes calm and safety.

Designed for inclusivity, the SM Sensory Lab offers features that create a comforting and accessible malling experience.

Redefining Malling with Care and Inclusion

“SM Mall of Asia is proud to lead this effort toward more inclusive malling experiences,” Mr. Steven Tan continued. “We believe that true hospitality means ensuring everyone—regardless of their needs—has a place where they can feel comfortable and cared for.”

As the first SM Supermall set to open a Sensory Lab, SM Mall of Asia reinforces its role as a pioneer in inclusive and compassionate mall design, setting the foundation for similar spaces to be rolled out across other SM malls nationwide.

Celebrating 40 Super Years of Evolving With Every You, SM Supermalls—one of Southeast Asia’s largest mall developers with 89 malls in the Philippines—marks four decades of growing with Filipinos and becoming a trusted space where diverse lifestyles and generations connect, while continuously evolving to redefine the malling experience through sustainability, innovation, and a deep commitment to shaping the future of retail and urban life with inclusive and meaningful experiences. (SM PRIME)