Food, fuel units lift San Miguel core earnings 

MANILA, Philippines – Conglomerate San Miguel Corp. (SMC) grew its core net income by 52 percent to P79.6 billion in 2025 on improved operations and cost discipline. The Ramon Ang-led firm reported that net income reached P94.7 billion, helped by gains from the fair valuation of investments and foreign exchange movements. READ: san-miguel-raises-p5-7-b-three-year-peso-notes SMC generated