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

Mar 31, 2025

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

8. Issuer's telephone number, including area code

0288570100

9. Former name or former address, and former fiscal year, 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	1,228,625,420

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:

Common Shares - The Philippine Stock Exchange, Inc.

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	Mar 31, 2025
Currency (indicate units, if applicable)	Php (in thousands)

Balance Sheet

	Period Ended	Fiscal Year Ended (Audited)
	Mar 31, 2025	Dec 31, 2024
Current Assets	372,683,816	383,800,192
Total Assets	1,715,692,511	1,699,052,182
Current Liabilities	336,266,223	343,167,994
Total Liabilities	824,533,909	832,627,391
Retained Earnings/(Deficit)	571,955,761	551,900,993
Stockholders' Equity	891,158,602	866,424,791
Stockholders' Equity - Parent	647,775,612	627,304,080
Book Value per Share	530.3	513.3

Income Statement

	Current Year (3 Months)	Previous Year (3 Months)	Current Year-To-Date	Previous Year-To-Date
Gross Revenue	152,013,697	143,720,185	152,013,697	143,720,185
Gross Expense	115,959,744	110,594,083	115,959,744	110,594,083
Non-Operating Income	1,278,602	1,449,914	1,278,602	1,449,914
Non-Operating Expense	5,781,713	5,794,351	5,781,713	5,794,351
Income/(Loss) Before Tax	31,550,842	28,781,665	31,550,842	28,781,665
Income Tax Expense	3,945,130	3,543,885	3,945,130	3,543,885
Net Income/(Loss) After Tax	27,605,712	25,237,780	27,605,712	25,237,780
Net Income Attributable to Parent Equity Holder	20,054,768	18,393,682	20,054,768	18,393,682
Earnings/(Loss) Per Share (Basic)	16.41	15.05	16.41	15.05
Earnings/(Loss) Per Share (Diluted)	16.41	15.05	16.41	15.05

	Current Year (Trailing 12 months)	Previous Year (Trailing 12 months)
Earnings/(Loss) Per Share (Basic)	68.97	63.89
Earnings/(Loss) Per Share (Diluted)	68.97	63.89

Other Relevant Information
Operating Expense includes Cost of sales and services.