San Miguel Corporation (SMC) distributed ₱1.43 trillion to suppliers, employees, investors, communities, and the government in 2025, equivalent to about 95% of the ₱1.5 trillion in revenue it generated during the year, according to its latest Sustainability Report.
The disclosure underscores the scale of the conglomerate’s economic footprint, with spending on suppliers, wages, taxes, and capital providers accounting for the bulk of the value generated by its operations.
Supplier payments and operating expenses accounted for the largest share at about ₱995 billion, supporting businesses across SMC’s nationwide supply chain and helping sustain operations, generate income, and create employment.
The company also paid ₱221 billion in taxes and other government remittances, while ₱153 billion went to providers of capital, including investors and shareholders. Employee salaries and benefits totaled ₱58 billion, and SMC allocated ₱560 million to community development programs.
SMC reported core net income of ₱79.6 billion for 2025, which it said would support future growth and investments.
SMC chairman and chief executive Ramon Ang said: “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.”
Originally established as a brewery in 1890, SMC has grown into one of the Philippines’ largest and most diversified conglomerates. Its businesses span food and beverages, packaging, fuel and oil refining, power generation, infrastructure, cement, and banking, making it one of the country’s largest employers and investors. The company said the breadth of its operations enables it to contribute to economic activity across multiple industries while providing products and services that support households, businesses, and national development.
Reflecting the scale of those operations, the sustainability report also highlighted progress across the company’s infrastructure, environmental, workforce, community, and governance initiatives.
SMC said its operating footprint includes 5,710 megawatts of installed energy capacity, 225 kilometers of expressways, a fuel refinery in Bataan with capacity of 180,000 barrels per day, and annual cement production capacity of 17.5 million metric tons.
On the environmental front, the company said it has planted 8.14 million trees through reforestation programs nationwide and conserved 58 billion liters of water since 2017 through desalination, conservation, recycling, reuse, and rainwater harvesting initiatives. Since launching its Better Rivers PH program in 2020, SMC said it has removed 8.95 million tons of silt and waste from major rivers and river systems.
The report said SMC’s volunteer programs reached more than 200,000 people nationwide. A total of 4,298 employee volunteers contributed 65,415 hours across about 600 activities.
SMC’s workforce grew to 59,117 employees in 2025, with about 64% based outside Metro Manila.
The report also outlined governance initiatives implemented during the year, including corporate governance training for all directors and officers, climate risk assessments across major operating assets, the attainment of 282 internationally recognized certifications, zero reported data breaches, and ESG (environmental, social, and governance) screening of nearly 200 suppliers.
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