SM Investments Corp. and six other publicly-listed Philippine companies have been included in Forbes Magazine’s 23rd Global 2000 list, which ranks the world’s largest public companies.
SM Investments Corp. was the highest-ranked Philippine company at No. 811. It has $10.56 billion in sales, $1.44 billion in profit, $29.4 billion in assets and a market capitalization of $18.67 billion, according to Forbes data.
Forbes’ Global 2000 ranks companies based on four metrics: sales, profits, assets, and market value. The latest 12 months of financial data as of April 25, 2025, were used for the calculations.
Following SM Investments, BDO Unibank was ranked 846 globally, with $6.31 billion in revenue and $1.43 billion in profit. Top Frontier Investment Holdings Inc., the main shareholder in San Miguel Corp., was at No. 1,116 with $27.53 billion in revenue.
Other Philippine companies on the list include Metropolitan Bank & Trust Co. (Metrobank) at No. 1,317, with $3.61 billion in revenue and $840.2 million in profit; Manila Electric Company (Meralco) at No. 1,530, with $8.21 billion in revenue and $800.5 million in profit; Ayala Corp. at No. 1,644, with $5.69 billion in revenue and $733.4 million in profit; and International Container Terminal Services, Inc. (ICTSI) at No. 1,702 with $2.91 billion in revenue and $830 million in profit.
Ayala Corp. said it is proud to be part of the Forbes Global 2000. “This recognition inspires us to carry on with our mission to build businesses that help people thrive,” it said.
“Coming from our strongest year yet in 2024, we continue to strengthen our core businesses and nurture our emerging ventures, all while harnessing the power of a more connected Ayala Group to create greater stakeholder value and sustain growth. We also celebrate the inclusion of other Filipino companies in the list. This reflects the growing global competitiveness of Philippine enterprises,” Ayala said.
The 2,000 companies on the 2025 list collectively generated $52.9 trillion in annual revenue, $4.9 trillion in profit, $242.2 trillion in assets, and $91.3 trillion in market capitalization, Forbes said.
JPMorgan held the top spot for the third consecutive year, leading 612 U.S.-based companies on the list. It was followed by Berkshire Hathaway. Amazon and Microsoft, along with international giants Saudi Aramco and the Industrial and Commercial Bank of China, remained in the top 10. Nvidia continued its rapid ascent, reaching 47th place this year.
