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SM Prime expects strong recurring business as it tracks steady profit

SM Prime Holdings logoSM Prime Holdings
Sig1.90Sen+2.40Env0.00Soc0.00Gov0.00

SM Prime president Jeffrey Lim said malls and other recurring businesses should hold up in the second half, helping offset continued weakness in the residential property market. The company reported net income of P24.5 billion in the first half of 2026, steady year on year, and aims for P30 billion to P35 billion in reservation sales while accelerating project completions.

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