SM Supermalls posts 8% revenue growth in H1 2026

SM Supermalls reported an 8 percent increase in revenue to P41.8 billion in the first half of 2026, from P38.6 billion a year earlier, driven by higher leasable space, tenant sign-ups and steady mall traffic.

Its gross leasable area grew 3 percent to 5.1 million square meters, while the number of tenants increased 4 percent to 23,174. Average daily foot traffic remained steady at 3.7 million.

The mall operator said it is expanding beyond traditional retail by adding sports, leisure and entertainment offerings. It added 41 pickleball courts in the first half, bringing its total to 102 courts across 32 properties.

SM also increased its rooftop solar capacity to 122 megawatts peak (MWp) and reached full coverage of free electric vehicle charging stations across its 90 malls, with 203 charging stations.

The company said it will continue its “My SM” transformation program focused on adapting malls to the changing needs and lifestyles of Filipino communities.

SM Supermalls is also set to open its 91st mall, SM Nuvali, in South Luzon.