Top 30 Biggest Companies in the Philippines in 2024

Size is king. The bigger the company, the more powerful it will become. Great size also comes with great responsibility. A giant company always faces the greatest obstacles and overcomes extreme challenges.

Today, we share the top companies in the Philippines in terms of market capitalization. Whether you want to be employed or invest in these conglomerates, you should know who the largest corporations are.

According to the World Bank updated outlook, the Philippine economy is projected to grow by 5.8% in 2024.

Local companies in the Philippines contribute to the recovery and stability of the nation amidst global inflation and market sentiments. These giant firms are crucial to the growth and progress of our country.

Table of Contents:

Top 30 Biggest Companies in the Philippines

The following are the largest companies in the Philippines in terms of market capitalization as of January 15, 2024.

SM Investments Corporation – P1.1 Trillion
SM Prime Holdings, Inc. – P968 Billion
BDO Unibank, Inc. – P732 Billion
Bank of the Philippine Islands – P562 Billion
Ayala Land, Inc. – P508 Billion
International Container Terminal Services, Inc. – P499 Billion
Manila Electric Company – P428 Billion
Ayala Corporation – P421 Billion
Emperador Inc. – P328 Billion
JG Summit Holdings, Inc. – P302 Billion
Jollibee Foods Corporation – P296 Billion
San Miguel Corporation – P288 Billion
PLDT Inc. – P278 Billion
Aboitiz Equity Ventures, Inc. – P273 Billion
Universal Robina Corporation – P264 Billion
Metropolitan Bank & Trust Company – P258 Billion
Globe Telecom, Inc. – P246 Billion
ACEN Corporation – P171 Billion
Monde Nissin Corporation – P151 Billion
DMCI Holdings, Inc. – P133.8 Billion
GT Capital Holdings, Inc. – P133.04 Billion
Semirara Mining and Power Corporation – P132 Billion
Century Pacific Food, Inc. – P119 Billion
Bloomberry Resorts Corporation – P113 Billion
Alliance Global Group, Inc. – P103 Billion
LT Group, Inc. – P97 Billion
Wilcon Depot, Inc. – P95 Billion
Puregold Price Club, Inc. – P82 Billion
Nickel Asia Corporation – P69 Billion
Converge ICT Solutions, Inc. – P68 Billion

1. SM Investments Corporation (SM)

SM Investments Corp. is the largest conglomerate in the Philippines in terms of market cap. With over P1.1 Trillion, the giant firm also owns famous powerhouses in the country, including BDO and SM Prime Holdings. SM makes money from its retail, property, banking, and portfolio investment businesses.

2. SM Prime Holdings, Inc. (SMPH)

SM Prime Holdings is the biggest real estate company in the Philippines. It is the property segment of the SM group of companies. SMPH generates profit from its malls, residential properties, commercial buildings, hotels, and convention centers. SMPH reported its nine-month consolidated net income of P30.13 billion in 2023.

3. BDO Unibank, Inc. (BDO)

BDO Unibank is the largest bank in the Philippines. The SM group also owns it. BDO reported P3.4 billion in deposits in 3Q 2023 and P4.1 trillion in total assets. It has 1,700 bank branches, including foreign branches in Hong Kong and Singapore.

4. Bank of the Philippine Islands (BPI)

BPI is the banking business segment of the Ayala group of companies. With over P562 billion market capitalization, BPI has proven its resilience since it was founded in 1851. BPI is proud to be the first bank in the country and the Southeast Asian region. It has a network of 1,173 banks and representative offices in Tokyo, Hong Kong, and Dubai.

5. Ayala Land, Inc. (ALI)

Ayala Land is the second biggest real estate developer in the Philippines. It has a diversified portfolio of residential, commercial, shopping malls, office buildings, hotels, and resorts. Its total revenue grew 15% (P98.9 billion) in the first nine months of 2023. Likewise, it recorded an impressive net income growth of 38% (P18.4 billion) in the first nine months of 2023.

6. International Container Terminal Services, Inc. (ICT)

International Container Terminal Services was founded in 1987 and is now among the fastest-growing companies in the Philippines. ICT makes ports here and abroad. It now has 33 terminals in nineteen countries across six continents. ICT has over a P499 billion market cap.

7. Manila Electric Company (MER)

Manila Electric Company, also known as Meralco, is the oldest and largest electric power distribution company in the Philippines. It was established in 1903. It provides power to 7.75 million customers. Meralco made a consolidated core net income of P30 billion for the first nine months of 2023.

8. Ayala Corporation (AC)

Ayala Corporation is among the strongest and most profitable holding firms in the Philippines. Four of its subsidiaries – Ayala Land, BPI, Globe, and ACEN are among the most established companies in the country. Being the oldest conglomerate, Ayala Corp. now has over P1.3 trillion in total assets.

9. Emperador Inc. (EMI)

Emperador Inc. is among the top holding companies in the Philippines, which manufactures, bottles, and distributes beverages from the Philippines and Europe. EMI is now a global company after acquiring recognized brands Whyte and Mackay, and Bodegas Fundador. Emperador joined the ranks of the leading stocks on the Philippine Stock Exchange.

10. JG Summit Holdings, Inc. (JGS)

JG Summit Holdings is the giant conglomerate founded by business tycoon John I. Gokongwei Jr. JG Summit has major stakes in successful corporations, including Universal Robina Corp., Cebu Air (formerly Cebu Pacific), Robinsons Land Corp., DHL Summit Solutions, Meralco, PLDT, and Singapore Land Group.

11. Jollibee Foods Corporation (JFC)

Jollibee is a giant food chain company founded in 1975 by Dr. Tony Tan Caktiong. Aside from the famous Filipino fast food chain Jollibee, JFC has significant equity and ownership of other favorite restaurants such as Greenwich, Mang Inasal, Red Ribbon, and Chowking. Jollibee also holds the Philippine franchise of Burger King and signed a joint venture to expand Dunkin’ in China.

12. San Miguel Corporation (SMC)

San Miguel Corp. was founded in 1890 and is the creator of the iconic brands of beers: San Miguel Pale Pilsen, San Mig Light, and Red Horse. SMC’s diversified business portfolio operates in food and beverage, fuel and oil, power, and infrastructure.

13. PLDT Inc. (TEL)

PLDT is the oldest and largest diversified telecommunications company in the Philippines. It was founded in 1928 and had been connecting and empowering Filipinos everywhere digitally. PLDT is among the top blue-chip companies on the Philippine Stock Exchange Index.

14. Aboitiz Equity Ventures, Inc. (AEV)

Aboitiz Equity Ventures’ humble beginning dates to the 1800s. With more than 200 years of legacy, it expanded its businesses and is now among the top holding companies in the Philippines. Aboitiz Equity Ventures has dominant investments in power, infrastructure, land, food, banking, and financial services. It is now building the Philippines’ first techglomerate.

15. Universal Robina Corporation (URC)

URC is the number one snack food company in the Philippines. Founded in 1954, URC has a significant market position in the ASEAN region. URC’s popular brands include Chippy, Nova, Nips, Cream-O, C2, Chiz Curls, Great Taste Coffee, Blend 45, Piattos, Maxx, and Cloud 9.

16. Metropolitan Bank & Trust Company (MBT)

Metrobank was established in 1962 and has become one of the leading universal banks in the country. With more than 940 branches, Metrobank has maintained its solid position among the top financial companies in the Philippines. Metrobank recorded P23.4 billion net income in the first nine months of 2023, a 36% year-on-year surge.

17. Globe Telecom, Inc. (GLO)

Globe Telecom is a massive telco firm owned by Ayala Corporation. With over P246 billion market cap, Globe ascends head-to-head with PLDT for the crown of the best telecommunications company in the Philippines. Globe has over 54.7 million subscribers and recorded P83.2 billion mobile revenue at the end of September 2023.

18. ACEN Corporation (ACEN)

ACEN is a leading energy platform company launched by the Ayala Group. With a market cap of P171 billion, ACEN is now among the top publicly listed companies on the Philippine Stock Exchange. ACEN’s goal is to become Southeast Asia’s largest listed renewable platform by 2030.

19. Monde Nissin Corporation (MONDE)

Monde Nissin is a global food and beverage company with prolific brands like Lucky Me, Sky Flakes, Fita, M.Y. San Grahams, Quorn, Cauldron, Monde, and Nissin. The creator of the famous pancit canton has more than P151 billion market capitalization.

20. DMCI Holdings, Inc. (DMC)

DMCI Holdings was founded in 1954 by David M. Consunji. It’s now one of the largest infrastructure and construction companies in the Philippines. It owns a massive stake at Semirara Mining Corporation and Maynilad Water Holdings Company. DMCI Holdings businesses are in real estate, integrated energy, off-grid power, nickel mining, and water distribution.

21. GT Capital Holdings, Inc. (GTCAP)

GT Capital Holdings is a diversified company with investments in banking, automotive, property development, insurance, micro-financing, infrastructure, and utilities. GT Cap has a major stake in Metrobank, Federal Land, and Metro Pacific Investments. It has also formed joint ventures with Toyota Motor Corp. and the AXA group.

22. Semirara Mining and Power Corporation (SCC)

Semirara Mining and Power Corp. is the largest coal mining company in the Philippines. The company makes money from its thermal coal extraction and power production. Semirara is among the constituents of the PSE index, the bellwether of the Philippine stock market.

23. Century Pacific Food, Inc. (CNPF)

Century Pacific food is a giant branded food company in the Philippines established in 1978. Its popular brands include Century Tuna, Birch Tree, 555, Blue Bay Tuna, Argentina, Hunt’s, Swift Premium Corned Beef, Coco Mama, Vita Coco, unMeat, and many more.

24. Bloomberry Resorts Corporation (BLOOM)

Bloomberry is a popular resort developer and operator in the Philippines. It owns Solaire, a famous luxury hotel and gaming hub in the country and Solaire Korea Company. Bloomberry also owns Jeju Sun Hotel in Jeju Island, Korea and the soon-to-open Solaire Resort North.

25. Alliance Global Group, Inc. (AGI)

Alliance Global Group is one of the top conglomerates in the Philippines with business interests in real estate, food, and beverage, infrastructure development, tourism-entertainment and gaming. Its subsidiaries include Megaworld, McDonald’s in the Philippines, Emperador, Travellers International, and Infracorp Development.

26. LT Group, Inc. (LTG)

LT Group is Lucio Tan’s group of companies. Its portfolio is diversified and composed of topnotch companies, including Asia Brewery, Philippine National Bank (PNB), Eton Properties, Tanduay Distillers, and PMFTC (Philip Morris Philippines Manufacturing Inc. and Fortune Tobacco Corp.)

27. Wilcon Depot, Inc. (WLCON)

If the United States has Home Depot, the Philippines has Wilcon Depot. Wilcon Depot is the best home improvement, and construction supplies retail corporation in the country. Wilcon made P2.726 billion nine-months net income and is now among the best dividend-paying stocks in the Philippines.

28. Puregold Price Club, Inc. (PGOLD)

Puregold Price Club is the largest supermarket chain in the Philippines. It also owns S&R Membership Shopping. Puregold has a total of 558 stores all over the Philippines. The giant retail chain made P6.6 billion in net income in the first nine months of 2023.

29. Nickel Asia Corporation (NIKL)

Nickel Asia is the largest producer of nickel ore and one of the largest mining companies in the Philippines. The company pays its stockholders dividends. It has P69 billion market capitalization.

30. Converge ICT Solutions, Inc. (CNVRG)

Converge is the fastest-growing information technology company in the Philippines. Its Initial Public Offering was on October 26, 2020, yet it joined the ranks of the top blue-chip stocks in the Philippine Stock Exchange Index (PSEI) on August 16, 2021. Converge is also listed in the FTSE Global Equity Index Series and ASEAN Stars Index.

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Top 30 Biggest Companies in the Philippines in 2024