San Miguel has been growing earnings at an average annual rate of 7.6%, while the Industrials industry saw earnings growing at 10.8% annually. Revenues have been growing at an average rate of 14.7% per year. San Miguel's return on equity is 10.7%, and it has net margins of 1.2%.
Key information
7.65%
Earnings growth rate
7.40%
EPS growth rate
Industrials Industry Growth
6.18%
Revenue growth rate
14.71%
Return on equity
10.68%
Net Margin
1.19%
Last Earnings Update
30 Sep 2025
Recent past performance updates
No updates
Recent updates
Revenue & Expenses Breakdown
How San Miguel makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
PSE:SMC2F Revenue, expenses and earnings (PHP Millions)
Date
Revenue
Earnings
G+A Expenses
R&D Expenses
30 Sep 25
1,486,977
17,624
73,909
89
30 Jun 25
1,504,563
32,875
75,186
89
31 Mar 25
1,543,577
12,738
76,823
89
31 Dec 24
1,575,379
-16,929
76,714
89
30 Sep 24
1,565,136
-4,065
78,295
80
30 Jun 24
1,550,495
-17,471
75,778
80
31 Mar 24
1,492,691
-15,326
73,530
80
31 Dec 23
1,446,703
-5,994
71,134
80
30 Sep 23
1,455,157
-3,567
73,907
45
30 Jun 23
1,480,404
-16,835
69,946
45
31 Mar 23
1,536,551
-16,692
65,707
45
31 Dec 22
1,506,591
-19,418
63,984
45
30 Sep 22
1,403,142
-19,557
63,158
38
30 Jun 22
1,242,485
-7,429
62,092
38
31 Mar 22
1,056,798
3,542
60,324
38
31 Dec 21
941,193
5,919
60,474
38
30 Sep 21
845,236
6,964
54,841
50
30 Jun 21
783,125
15,446
56,506
50
31 Mar 21
712,891
5,641
57,187
50
31 Dec 20
725,797
-3,967
58,861
50
30 Sep 20
793,002
-6,000
59,741
152
30 Jun 20
863,803
-4,752
60,536
152
31 Mar 20
983,644
7,260
66,497
152
31 Dec 19
1,020,502
14,142
66,530
152
30 Sep 19
1,022,404
16,144
70,017
152
30 Jun 19
1,035,438
14,383
70,304
152
31 Mar 19
1,041,520
14,134
68,220
152
31 Dec 18
1,024,943
15,760
66,182
152
30 Sep 18
990,261
19,876
75,668
0
30 Jun 18
931,681
20,721
72,459
0
31 Mar 18
864,671
22,004
69,449
0
31 Dec 17
826,086
20,908
57,157
127
30 Sep 17
784,000
16,942
51,822
103
30 Jun 17
749,551
10,411
53,423
103
31 Mar 17
721,937
8,300
58,476
103
31 Dec 16
685,314
10,632
69,300
0
30 Sep 16
667,253
12,634
72,824
0
30 Jun 16
667,335
9,349
68,416
0
31 Mar 16
674,034
11,554
59,810
0
31 Dec 15
672,243
5,861
46,611
144
30 Sep 15
683,555
2,762
46,823
134
30 Jun 15
706,900
6,105
45,498
134
31 Mar 15
736,160
9,453
44,752
134
31 Dec 14
772,243
9,900
54,111
0
Quality Earnings: SMC2F has a large one-off gain of ₱24.8B impacting its last 12 months of financial results to 30th September, 2025.
Growing Profit Margin: SMC2F became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: SMC2F has become profitable over the past 5 years, growing earnings by 7.6% per year.
Accelerating Growth: SMC2F has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: SMC2F has become profitable in the last year, making it difficult to compare its past year earnings growth to the Industrials industry (7.9%).
Return on Equity
High ROE: SMC2F's Return on Equity (10.7%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
7D
1Y
7D
1Y
7D
1Y
Company Analysis and Financial Data Status
Data
Last Updated (UTC time)
Company Analysis
2025/12/07 01:40
End of Day Share Price
2025/09/09 00:00
Earnings
2025/09/30
Annual Earnings
2024/12/31
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
San Miguel Corporation is covered by 4 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.