San Miguel remains only PH firm in Southeast Asia 500 Top 10
SAN MIGUEL CORP. (SMC) President and CEO Ramon S. Ang on Tuesday said the company’s continued presence in the Fortune Southeast Asia 500 Top 10 was “a testament to the hard work and dedication of every San Miguel employee.”
“We are honored to remain in the Top 10, and proud to be representing the Philippines on this list,” Ang said, after Fortune released its annual ranking of the region’s largest corporations. “This is not just about revenues. It’s about resilience, excellence, and a shared commitment to nation-building.”
SMC retained its No. 9 position for the second year in a row, with $27.5 billion in 2024 revenues, an increase of 5.7 percent from the previous year. The Ramon Ang-led conglomerate is still the only Filipino company in the Top 10, joining regional giants such as Trafigura Group (Singapore), PTT (Thailand), and Pertamina (Indonesia).
“This recognition inspires us to do even better,” Ang added. “Let’s continue helping each other and keep aiming higher. When we work together, we can do great things for our country and for one another.”
Ang also cited San Miguel’s strong first quarter in 2025, reporting a 31-percent increase in earnings. “We started the year strong despite many challenges. This wouldn’t have been possible without the trust of our customers, partners, and stakeholders,” he said.
Among other Philippine firms on the list, SM Investments Corp. ranked 25th with $11.43 billion in revenues and stood out as the most profitable, with $1.44 billion in net income—up 4.1 percent year-on-year.
Ayala Corp. placed 47th with $6.46 billion in revenues, up 23.9 percent, and posted $733.6 million in profits, reflecting improved performance in its core real estate, banking, and telecom businesses.
BDO Unibank, the country’s largest bank by assets, ranked 52nd in revenue and posted $1.43 billion in profits—the second-highest net income among Philippine companies on the list.
Other Filipino firms that made it to the 2025 Southeast Asia 500 include Manila Electric Co. (No. 35), JG Summit (No. 50), GT Capital (No. 61), Aboitiz Equity Ventures (No. 68), Jollibee Foods Corp. (No. 79), and Robinsons Retail Holdings (No. 100).
In total, 40 Philippine firms made it to this year’s list, up from 38 last year. Fortune’s Southeast Asia 500 list is based on the companies’ 2024 financial results.