SMC puts P1.43 trillion, or 95% of 2025 revenues, back into PH economy

July 1, 2026
4:24PM PHT

Conglomerate San Miguel Corp. (SMC) said P1.43 trillion, or about 95 percent of the P1.5 trillion it generated in revenue last year, flowed back into the Philippine economy, according to its latest Sustainability Report.

Most of the money went to suppliers and government taxes, showing how the conglomerate’s revenues circulated beyond its own operations.

“At San Miguel, creating value goes well beyond financial performance. Our job is not just to provide quality food and beverage products, and access to everyday necessities such as power, fuel and infrastructure. Our bigger mission is to help sustain our economy and create the conditions needed to ensure more Filipinos have jobs and opportunities that can uplift and sustainably improve their lives,” SMC chair and CEO Ramon S. Ang said in the report. 

Where the money flowed 

  • P995 billion: Suppliers and operating expenses
  • P221 billion: Taxes and other government payments
  • P153 billion: Investors and providers of capital
  • P58 billion: Employee salaries and benefits
  • P560 million: Community development programs

SMC also reported P79.6 billion in core net income, providing resources for future investments.

SMC chair and CEO Ramon S. Ang with president John Paul Ang. 

Industrial footprint

The report said SMC operates 5,710 megawatts of power capacity, 225 kilometers of expressways, a refinery capable of processing 180,000 barrels of fuel a day and cement plants with annual capacity of 17.5 million metric tons.

Environment

SMC said it has planted 8.14 million trees, saved 58 billion liters of water since 2017 and removed 8.95 million tons of silt and waste from rivers through its Better Rivers PH program.

People and governance

Its workforce grew to 59,117 employees in 2025, with about 64 percent based outside Metro Manila, while volunteer programs reached more than 200,000 people during the year.

The company also said it completed climate risk assessments across major assets, screened nearly 200 suppliers for ESG performance, earned 282 international certifications and recorded zero data breaches in 2025.

—Edited by Miguel R. Camus 

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