San Miguel Corp ( (SMGBF) ) has released its Q2 earnings. Here is a breakdown of the information San Miguel Corp presented to its investors.
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San Miguel Corporation, a diversified conglomerate in the Philippines, operates across various sectors including food and beverage, packaging, energy, fuel and oil, infrastructure, cement, and real estate. In its latest earnings report for the quarter ending June 30, 2025, San Miguel Corporation showcased a significant improvement in its financial performance compared to the same period last year. The company reported a net income after tax of Php 66,767 million, a substantial increase from Php 13,578 million in the previous year. This growth was driven by a combination of reduced gross expenses and increased non-operating income.
Key financial metrics highlighted in the report include a decrease in total liabilities from Php 2,000,489 million at the end of 2024 to Php 1,879,892 million by mid-2025, alongside an increase in stockholders’ equity from Php 676,441 million to Php 737,894 million. The company’s earnings per share also saw a positive turnaround, with basic and diluted earnings per share rising to 15.1 from a loss of 5.64 in the previous year-to-date period. Additionally, San Miguel’s strategic divestment in its power subsidiaries resulted in a gain of Php 21,933 million, contributing to the overall financial upturn.
San Miguel’s energy segment, despite a decline in external sales, contributed significantly to the company’s profitability, with a segment result of Php 22,120 million. The food and beverage segment also performed well, with external sales reaching Php 201,016 million. The company continues to invest in infrastructure and energy projects, including a notable investment in the Manila International Airport, which underscores its commitment to long-term growth.
Looking forward, San Miguel Corporation remains focused on strengthening its core businesses and exploring new opportunities in the infrastructure and energy sectors. The management’s outlook is optimistic, with expectations of sustained growth driven by strategic investments and operational efficiencies.