)
San Miguel (SMC) investor relations material
San Miguel Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Philippine GDP growth slowed to 4.4% in 2025, but resilient performance was achieved through margin expansion and profitability, led by Food, Hard Liquor, Power, and Infrastructure segments.
Sustainability initiatives advanced, including climate risk assessment, Net Zero roadmap, and ESG integration into capital investments.
Financial highlights
Core net income rose 52% to P79.6 billion; reported net income surged 158% to P94.7 billion year-over-year.
EBITDA increased 16% to P262.0 billion; operating income up 13% to P181.6 billion.
Net sales grew 6% to P1.58 trillion compared to FY2024.
Total assets reached P2.7 trillion; total equity at P747 billion as of December 31, 2025.
Outlook and guidance
Focus on expanding renewable energy, automating sustainability data, and aligning disclosures with IFRS S1 and S2.
Ongoing infrastructure projects and energy transition initiatives expected to drive growth in 2026.
Disciplined operational and financial strategies to navigate economic and geopolitical uncertainties.
- Net income rose 112% on one-off gains and margin expansion, despite a 7% revenue drop.SMC
Q3 202519 Nov 2025 - Sales up 15% but net income down 42% as forex losses offset strong operating gains.SMC
Q2 202415 Aug 2025 - Nine-month sales rose 11% and net income 19%, with major infrastructure and energy investments completed.SMC
Q4 202415 Aug 2025 - Net income up 19% to P37.1B on 11% sales growth, led by energy and food segments.SMC
Q3 202415 Aug 2025 - Net income soared 388% year-over-year on a one-time gain, despite an 8% sales decline.SMC
Q1 202514 Aug 2025 - Net income surged 392% year-over-year, offsetting a 9% revenue decline from fuel and energy.SMC
Q2 202514 Aug 2025
Next San Miguel earnings date
Next San Miguel earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Explore our global coverage
)
)