SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-Q

QUARTERLY REPORT PURSUANT TO SECTION 17 OF THE SECURITIES
REGULATION CODE AND SRC RULE 17(2)(b) THEREUNDER

1. For the quarterly period ended

Jun 30, 2017

2. SEC Identification Number

16342

3. BIR Tax Identification No.

000-169-020-000

4. Exact name of issuer as specified in its charter

SM Investments Corporation

5. Province, country or other jurisdiction of incorporation or organization

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

10th Floor, One E-Com Center, Harbour Drive, Mall of Asia Complex, Pasay City Postal Code 1300

8. Issuer's telephone number, including area code

(632)857-0105

9. Former name or former address, and former fiscal year, if changed since last report

--

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Stock	1,204,582,867

11. Are any or all of registrant's securities listed on a Stock Exchange?

Yes

No

If yes, state the name of such stock exchange and the classes of securities listed therein:

Philippine Stock Exchange - Common Shares

12. Indicate by check mark whether the registrant:

(a) has filed all reports required to be filed by Section 17 of the SRC and SRC Rule 17 thereunder or Sections 11 of the RSA and RSA Rule 11(a)-1 thereunder, and Sections 26 and 141 of the Corporation Code of the Philippines, during the preceding twelve (12) months (or for such shorter period that the registrant was required to file such reports)

Yes

No

(b) has been subject to such filing requirements for the past ninety (90) days

Yes

No

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

SM Investments CorporationSM

PSE Disclosure Form 17-2 - Quarterly Report References: SRC Rule 17 and
Sections 17.2 and 17.8 of the Revised Disclosure Rules

For the period ended	Jun 30, 2017
Currency (indicate units, if applicable)	PhP ('000)

Balance Sheet

	Period Ended	Fiscal Year Ended (Audited)
	Jun 30, 2017	Dec 31, 2016
Current Assets	200,936,532	219,094,155
Total Assets	916,282,798	861,462,381
Current Liabilities	172,194,261	134,834,923
Total Liabilities	488,199,641	446,715,119
Retained Earnings/(Deficit)	212,740,643	205,508,122
Stockholders' Equity	428,083,157	414,747,262
Stockholders' Equity - Parent	309,144,930	300,483,382
Book Value per Share	355.38	344.31

Income Statement

	Current Year (3 Months)	Previous Year (3 Months)	Current Year-To-Date	Previous Year-To-Date
Gross Revenue	97,087,181	91,243,562	181,560,613	169,667,786
Gross Expense	77,517,859	73,533,699	145,124,251	136,526,593
Non-Operating Income	1,143,737	875,312	2,750,256	1,769,940
Non-Operating Expense	3,169,015	2,822,928	6,595,074	5,506,807
Income/(Loss) Before Tax	17,544,044	15,762,247	32,591,544	29,404,326
Income Tax Expense	3,411,427	3,066,514	6,469,481	5,763,251
Net Income/(Loss) After Tax	14,132,617	12,695,733	26,122,063	23,641,075
Net Income Attributable to Parent Equity Holder	8,897,824	8,109,421	16,592,130	15,217,983
Earnings/(Loss) Per Share (Basic)	7.39	6.73	13.77	12.63
Earnings/(Loss) Per Share (Diluted)	7.39	6.73	13.77	12.63

	Current Year (Trailing 12 months)	Previous Year (Trailing 12 months)
Earnings/(Loss) Per Share (Basic)	27.04	25.14
Earnings/(Loss) Per Share (Diluted)	27.04	25.14

Other Relevant Information
Gross Expense includes Cost of Sales amounting to 104,315,037 and 99,286,841 for the six months ended June 30, 2017 and 2016, respectively. Please see attachment.