San Miguel Corporation (SMC) has once again been named the highest-ranking Philippine company in the 2025 Fortune Southeast Asia 500, securing the 9th spot on this prestigious list of the region’s largest companies by revenue.
Now in its second year, the list highlights the growing role of Southeast Asia — including Indonesia, Thailand, Malaysia, Singapore, Vietnam, Cambodia, and the Philippines — as a key engine of global economic growth and a vital hub for global supply chains.
The companies on this year’s list collectively generated $1.82 trillion in revenue for 2024, up from $1.79 trillion the year before, with the minimum revenue to qualify set at $349.4 million.
SMC, one of Southeast Asia’s most diversified conglomerates, remains the only Philippine company in the top ten for two consecutive years.
Fortune’s list, curated by a team led by list director Ashleigh Nghiem and editor Scott DeCarlo, draws from rigorous reviews of financial reports and third-party data providers, including LSEG, Bloomberg, and S&P Global Market Intelligence.
“Being recognized once again by Fortune inspires us to keep raising the bar,” said SMC Chairman and CEO Ramon S. Ang. “This is a reflection not just of our financial performance, but of our commitment to nation-building and to supporting communities wherever we operate. Our real success is measured by the livelihoods we help sustain, the access we create, and the opportunities we open for Filipinos.”
This is the second time this year that SMC has been cited in regional business rankings, following last February’s release of TIME and Statista’s 2025 Top 500 Companies Shaping Business in the Asia-Pacific region.
In 2024, it earned global recognition when it was named among the World’s Best Companies by TIME and Forbes’ Best Employers, where it was the highest-ranked Philippine firm in the latter’s top 100.
Last year, SMC achieved record consolidated revenues of ₱1.6 trillion, up 9% from the previous year. For the first quarter of 2025, SMC posted earnings of ₱43.4 billion, with core net income rising 31% to ₱19 billion after adjusting for non-recurring gains—reflecting strong performance across its businesses.
The full 2025 Fortune Southeast Asia 500 list is available at fortune.com/asia/ranking/southeast-asia-500/2025.
