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 28, 2024

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

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

10th Floor, OneE-com Center, Harbour Drive, Mall of Asia Complex, Pasay City Postal Code 1300

8. Issuer's telephone number, including area code

(632) 8857-0100

9. Former name or former address, 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	1,222,023,358

11. Indicate the item numbers reported herein

Item 9

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 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Clarification of News Article entitled “SMIC bankrolls P115 billion anew for 2025 capex"

Source	PhilStar.com
Subject of News Report	SMIC bankrolls P115 billion anew for 2025 capex
Date of Publication	Nov 28, 2024

Clarification of News Report
We reply to the request for clarification of The Philippine Stock Exchange, Inc. on the news article entitled “SMIC bankrolls P115 billion anew for 2025 capex” posted in PhilStar.com on November 28, 2024, the pertinent portion of which reads: “MANILA, Philippines — SM Investments Corp. (SMIC), the investment holding company of the Sy family, is expected to spend as much as P115 billion again for its capital expenditures next year to support its growth initiatives. Erwin Pato, executive vice president for treasury, finance and planning at SMIC, said the group is likely to allocate a similar amount of capex for 2025 as it did this year. ‘It will be around the same as this year, more or less,’ he said. SMIC has earmarked up to P115 billion for its capex this year for the continuing expansion of its various businesses. . . . .” We confirm that the projected capital expenditure of the SM Group for 2025 is expected to align closely with that of 2024, though the specific amount for SMIC has not yet been finalized. Thank you.
Other Relevant Information
Please see attachment.