42 PHL companies make Fortune Southeast Asia 500

FORTY-TWO Philippine companies were included in Fortune magazine’s 2026 Southeast Asia 500 list, with Philippine conglomerates among the highest-ranked firms from the country.

Top Frontier Investment Holdings, Inc., the majority shareholder of San Miguel Corp. (SMC), emerged as the highest-ranked Philippine company at 10^th place after posting $25.89 billion in revenue in fiscal year 2025.

It was followed by SM Investments Corp. (28^th), Manila Electric Co. (36^th), Ayala Corp. (51^st), BDO Unibank, Inc. (52^nd), GT Capital Holdings, Inc. (57^th), JG Summit Holdings, Inc. (63^rd), Aboitiz Equity Ventures, Inc. (69^th), Jollibee Foods Corp. (71^st), and Bank of the Philippine Islands (85^th).

Other Philippine companies on the list included Cosco Capital, Inc. (86^th), Metropolitan Bank & Trust Co. (95^th), PLDT Inc. (96^th), Robinsons Retail Holdings, Inc. (100^th), Alliance Global Group, Inc. (112^th), International Container Terminal Services, Inc. (113^th), PAL Holdings, Inc. (115^th), Globe Telecom, Inc. (119^th), LT Group, Inc. (149^th), China Banking Corp. (161^st), DMCI Holdings, Inc. (174^th), Filinvest Development Corp. (176^th), and Union Bank of the Philippines (182^nd).

Rounding out the Philippine contingent were Security Bank Corp. (202^nd), Rizal Commercial Banking Corp. (204^th), Monde Nissin Corp. (209^th), Synergy Grid & Development Phils., Inc. (211^th), Lopez Holdings Corp. (214^th), DigiPlus Interactive Corp. (215^th), Metro Pacific Investments Corp. (216^th), Century Pacific Food, Inc. (217^th), Prime Infra Capital, Inc. (246^th), and D&L Industries, Inc. (289^th).

Also included in the ranking were Bloomberry Resorts Corp. (303^rd), Basic Energy Corp. (304^th), Converge Information and Communications Technology Solutions, Inc. (343^rd), SteelAsia Manufacturing Corp. (356^th), Metro Retail Stores Group, Inc. (359^th), Wilcon Depot, Inc. (403^rd), SSI Group, Inc. (437^th), Nickel Asia Corp. (453^rd), and Asia United Bank Corp. (457^th).

Several Philippine companies maintained their presence on the Fortune Southeast Asia 500 for a third consecutive year.

SM Investments Corp. (SMIC), together with banking subsidiaries BDO Unibank, Inc. (BDO) and China Banking Corp. (China Bank), remained on the list for the third straight year.

Among Philippine companies on this year’s list, SMIC ranked second while BDO placed fifth.

“This recognition reflects the dedication of our people, the trust of our customers, and the valuable contributions of our partners and tenants. It also underscores the important role that businesses play in advancing inclusive growth and strengthening Southeast Asia’s economic development and trade landscape,” SMIC President and Chief Executive Officer Frederic C. DyBuncio said in a statement on Tuesday.

DigiPlus Interactive Corp. also secured its third consecutive appearance on the ranking, rising to 215^th place from 223^rd last year.

DigiPlus Chairman Eusebio H. Tanco said the latest inclusion reflects the company’s continued growth and performance.

“Making the list for the third straight year and moving up the ranks reflects the scale we have built and the consistency of our performance. We celebrate how far DigiPlus has come and remain committed to building a world-class technology and entertainment company,” he said.

Aboitiz Equity Ventures, Inc. (AEV) likewise retained its place on the Fortune Southeast Asia 500 for a third consecutive year. UnionBank, the banking arm of the Aboitiz Group, also appeared on the 2026 list.

“More than a recognition of size, this distinction reflects our ability to evolve, adapt, and create meaningful impact,” AEV President and Chief Executive Officer Sabin M. Aboitiz said in a statement.

“As a portfolio manager, we are focused on strengthening our businesses today while investing in the opportunities of tomorrow. Guided by innovation and a long-term perspective, we remain committed to helping build a better and more sustainable future for the Philippines and the region,” he added.

AEV said its portfolio companies continued to pursue expansion and investment initiatives in 2025, including AboitizPower’s acquisition of the Caliraya-Botocan-Kalayaan hydroelectric power complex and Aboitiz Foods’ acquisition of Singapore-based Diasham Resources.

Fortune said commodity and energy companies, which have dominated the ranking since its launch in 2024, are growing more slowly, although they still account for a large share of the list’s revenue and profits.

The top five companies overall were Singapore’s Trafigura Group, Thailand’s PTT Public Co. Ltd., Indonesia’s PT Pertamina, and Singapore-based Wilmar International Ltd. and Olam Group. — Alexandria Grace C. Magno