C07158-2024

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
Nov 11, 2024
2. SEC Identification Number
AS094-000088
3. BIR Tax Identification No.
003-058-789
4. Exact name of issuer as specified in its charter
SM PRIME HOLDINGS, INC.
5. Province, country or other jurisdiction of incorporation
PHILIPPINES
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
7/F MOA Square, Seashell Lane cor. Coral Way, Mall of Asia Complex, Brgy. 76 Zone 10, CBP 1-A, Pasay City, Metro Manila, Philippines Postal Code 1300
8. Issuer's telephone number, including area code
(632) 8831-1000
9. Former name or former address, if changed since last report
N/A
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, P1 PAR VALUE 28,879,231,694
DEBT SECURITIES – RETAIL BOND 137,831,040,000
11. Indicate the item numbers reported herein
ITEM # 9, LETTER B.

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 Prime Holdings, Inc.SMPH

PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

PRESS RELEASE
SM Prime Net Income Rises by 12% in 9M 2024
Background/Description of the Disclosure

(November 11, 2024, Pasay City, Philippines) - SM Prime Holdings, Inc. (SM Prime), one of the leading integrated property developers in Southeast Asia, recorded PHP33.9 billion consolidated net income in the first three quarters of 2024, 12% higher from PHP30.1 billion in the same period being reviewed in 2023. Consolidated revenues reached PHP99.8 billion, 8% higher than PHP92.6 billion. Consolidated operating income grew by 7% to PHP47.7 billion from PHP44.5 billion.

SM Prime recorded PHP11.8 billion consolidated net income in the third quarter of 2024, 11% higher than the same period in 2023. This is supported by PHP35.1 billion consolidated revenues, up by 7%. Consolidated operating income reached PHP16.6 billion.

"Our 30th anniversary is shaping up to be a milestone year, with results indicating we’re on track to finish with yet another banner year," said SM Prime President Jeffrey Lim. "For the remainder of the year, we anticipate continued growth due to the recent opening of SM City J Mall and the upcoming holiday season,” he added.

In 2023, SM Prime reported a consolidated full year net income of PHP40 billion, the highest annual figure in its history.

SM Prime’s mall business, which accounts for 57% of the Company’s consolidated revenues, reported PHP56.5 billion in total revenues in the first nine months of 2024, 8% higher than of the same period last year. Mall rental income grew by 8% to PHP48.5 billion, while cinemas, event ticket sales, and other revenues increased by 4% to PHP8.0 billion.

SM Prime’s primary residential business reached PHP31.2 billion in revenues in the first three quarters of 2024, 9% higher than in the same period last year. SMDC posted PHP47.0 billion in reservation sales.

SM Prime’s other key businesses, which include offices, hotels, and convention centers, has reached PHP11.0 billion in revenues in the first nine months of 2024, 11% higher than PHP9.9 billion in the first nine months of 2023. The two business segments posted PHP5.5 billion revenues each.

SM Prime remains committed to its role as a catalyst for economic growth, delivering innovative and sustainable lifestyle cities, thereby enriching the quality of life of millions of people.

###
Other Relevant Information

For further information, please contact:
Alexander Pomento
Vice President, Investor Relations
SM Prime Holdings, Inc.
E-mail: [email protected]
Tel. no.: +632 8862 7940


Forward-looking Statement
This document may contain forward-looking statements and forward-looking information that are subject to significant risks and uncertainties including, without limitation, statements relating to known and unknown risks; uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from expected future results; performance or achievements expressed or implied by forward-looking statements; our overall future business, financial condition, and results of operations, including, but not limited to financial position or cash flow; our goals for or estimates of future operational performance or results; and changes in the regulatory environment including, but not limited to, policies, decisions, and determinations of governmental or regulatory authorities. Although: (1) SM Prime Holdings, Inc. has extensive experience; and (2) the forward-looking statements may be reasonable, nothing herein should be relied upon as a commitment from SM Prime Holdings, Inc. as we cannot guarantee future events, performance or events due to various risks and uncertainties.
Filed on behalf by:
Name Alexander Pomento
Designation Vice President