Insider Spotlight:
The Ramon Ang-led conglomerate is the only Filipino company in the top 10, joining the ranks of regional giants such as Trafigura Group, PTT, and Pertamina.
Last year, San Miguel posted $27.5 billion in revenues, representing a 5.7-percent increase.
SM Investments Corp., the Sy family’s holding company, ranked 25th in the region with $11.43 billion in revenues, but stood out as the most profitable Philippine firm in the list.
It reported $1.44 billion in net income, a 4.1-percent increase from the previous year, outperforming other conglomerates on both absolute and margin-based profit metrics.
Ayala Corp., the oldest conglomerate in the country, ranked 47th with $6.46 billion in revenues—one of the fastest-growing among its peers at 23.9 percent. It posted $733.6 million in profits, up 7.1 percent, highlighting the group’s recovery momentum across core businesses in real estate, banking, and telco.
BDO Unibank also featured prominently, generating $1.43 billion in profits—the second-highest among all listed Philippine companies—while ranking 52nd in revenue. The bank remains the country’s largest by assets.
Other key Filipino entries were Manila Electric Co. (ranked 35th), JG Summit (50th), GT Capital (61st), Aboitiz Equity Ventures (68th), Jollibee Foods (79th), and Robinsons Retail Holdings (100th), each showing varying degrees of revenue and profitability performance.
Overall, there were 40 Filipino corporate giants in this year’s Fortune 500 list for the region, two more than in last year’s edition.
The Fortune Southeast Asia 500 list ranks the top regional corporations based on their 2024 financial results. It is part of the global publisher’s expanded coverage of emerging markets in Asia.
