SM is one of the biggest companies in the Philippines. It runs many shopping malls, banks, hotels, supermarkets, and other businesses. People across the country visit SM malls to shop, eat, and enjoy with family. But have you ever wondered who owns SM? In this article, we will explain who the real owner is, how the company started, and who manages it now.
SM stands for Shoe Mart. It started as a small shoe store in Manila in 1958. The founder, Henry Sy, had a big dream of making shopping easy and enjoyable for everyone. Over time, his store grew into a big shopping empire known today as SM Investments Corporation (SMIC). The company now has businesses in shopping malls, real estate, banking, and more.
Who is the Current Owner of SM?
The founder of SM was Henry Sy, a Filipino-Chinese businessman who passed away in 2019. After his death, his family took over the company. Now, the Sy family still owns and manages SM.
Today, Teresa Sy-Coson, Henry Sy’s daughter, plays a very important role in the company. She is the Vice Chairperson of SM Investments Corporation. Other members of the Sy family are also part of the company’s board and leadership team.
Ownership Details of SM
| Name | Role | Relation to Henry Sy | Ownership Stake |
|---|---|---|---|
| Sy Family (collective) | Main Shareholders | Family | ~55% (approximate) |
| Teresa Sy-Coson | Vice Chairperson of SMIC | Daughter | Part of Sy family |
| Hans Sy | Director, SM Prime Holdings | Son | Part of Sy family |
| Harley Sy | Director, SM Investments Corp. | Son | Part of Sy family |
| Public Investors | Stockholders via stock exchange | None | ~45% (approximate) |
Note: SM is a public company, which means anyone can buy its shares. But the Sy family still holds the largest share and controls the company.
Is SM a Private or Public Company?
SM is a public company, which means its shares are listed on the Philippine Stock Exchange (PSE). Anyone can invest in SM by buying shares. However, the Sy family still controls most of the shares, so they remain the main owners and decision-makers.
How Did SM Become So Big?
SM grew from a small store into a large business by always focusing on what customers need. The Sy family made smart decisions like building malls in big cities, adding banks, supermarkets, and hotels. They always worked hard and believed in long-term success. Today, SM owns:
- SM Supermalls (over 80 malls in the Philippines and some in China)
- BDO Unibank (one of the biggest banks in the country)
- SMDC (real estate and condos)
- SM Markets (supermarkets and grocery stores)
Is SM Still Owned by the Sy Family in 2025?
Yes, in 2025, SM is still owned and controlled by the Sy family. While shares are also owned by public investors, the Sy family holds the largest portion and continues to manage the business.
SM’s Net Worth and Growth in 2025
SM Investments Corporation is one of the top companies in the Philippines. According to 2025 reports:
- Market Capitalization: Over ₱1.2 trillion PHP
- Revenue (2024): More than ₱600 billion PHP
- Net Income (2024): Around ₱70 billion PHP
- Major Growth Sectors: Real estate, banking (BDO), and retail
SM continues to grow every year. The company is now expanding into digital services and sustainable businesses to match the needs of modern customers.
Why Is SM So Popular?
SM is popular because it makes life easy for Filipinos. People love going to SM malls because they can:
- Shop for clothes, food, and gadgets
- Watch movies
- Eat at their favorite restaurants
- Do banking at BDO
- Live in SMDC condos
It has become a one-stop place for families, friends, and even tourists.
FAQs
Q1. Who is the founder of SM?
A: The founder of SM is Henry Sy, a Filipino-Chinese businessman who started SM in 1958.
Q2. Who owns SM now in 2025?
A: The Sy family owns SM, with Teresa Sy-Coson and other family members playing major roles.
Q3. Is SM a public company?
A: Yes, SM is listed on the Philippine Stock Exchange, but the Sy family owns most of the shares.
Q4. What are the main businesses under SM?
A: SM runs malls (SM Supermalls), banks (BDO), real estate (SMDC), and supermarkets (SM Markets).
Q5. How big is SM in 2025?
A: SM has over 80 malls and remains one of the top companies in the Philippines, worth over ₱1.2 trillion PHP.
SM Investments Corporation (SMIC) Official Website
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