Top 30 Biggest Companies in the Philippines in 2023

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 2023.

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.

Top 30 Biggest Companies in the Philippines

The following are the largest companies in the Philippines in terms of market capitalization as of January 11, 2023.

  1. SM Investments Corporation – P1.1 Trillion
  2. SM Prime Holdings, Inc. – P1 Trillion
  3. BDO Unibank, Inc. – P583 Billion
  4. Bank of the Philippine Islands – P471 Billion
  5. Ayala Land, Inc. – P442 Billion
  6. Ayala Corporation – P435 Billion
  7. JG Summit Holdings, Inc. – P422 Billion
  8. International Container Terminal Services, Inc. – P412 Billion
  9. Manila Electric Company – P344 Billion
  10. Aboitiz Equity Ventures, Inc. – P332 Billion
  11. Emperador Inc. – P317 Billion
  12. PLDT Inc. – P309 Billion
  13. Globe Telecom, Inc. – P304 Billion
  14. Universal Robina Corporation – P300 Billion
  15. ACEN Corporation – P289 Billion
  16. Jollibee Foods Corporation – P269 Billion
  17. Metropolitan Bank & Trust Company – P257 Billion
  18. Aboitiz Power Corporation – P255 Billion
  19. San Miguel Corporation – P225 Billion
  20. Monde Nissin Corporation – P221 Billion
  21. Semirara Mining and Power Corporation – P152 Billion
  22. Converge ICT Solutions, Inc. – P130 Billion
  23. Wilcon Depot, Inc. – P122 Billion
  24. Metro Pacific Investments Corporation – P111 Billion
  25. Alliance Global Group, Inc. – P107 Billion
  26. LT Group, Inc. – P104 Billion
  27. Puregold Price Club, Inc. – P100 Billion
  28. GT Capital Holdings, Inc. – P94 Billion
  29. Robinsons Land Corporation – P75 Billion
  30. Megaworld Corporation – P65 Billion
biggest companies Philippines

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 P22 billion in 2022.

3. BDO Unibank, Inc. (BDO)

BDO Unibank is the largest bank in the Philippines. The SM group also owns it. BDO reported P2.8 trillion in deposits last year and P1.8 trillion in Trust Assets Under Management. It has 1,544 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 P471 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.

largest companies Philippines

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 9% in the first half of 2022. Likewise, it recorded an impressive net income growth of 34% in the first half of 2022.

6. 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.

7. 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.

8. 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 34 terminals in twenty countries across six continents. ICT has over a P412 billion market cap.

top local companies philippines

9. 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 7.5 million customers. Meralco made a net income of P13.1 billion for the first half of 2022.

10. 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.

11. 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.

12. 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.

13. Globe Telecom, Inc. (GLO)

Globe Telecom is a massive telco firm owned by Ayala Corporation. With over P304 billion market cap, Globe ascends head-to-head with PLDT for the crown of the best telecommunications company in the Philippines. Globe has over 86.8 million mobile subscribers and 3.7 million home broadband customers.

14. 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.

15. ACEN Corporation (ACEN)

ACEN is a leading energy platform company launched by the Ayala Group. With a market cap of P289 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.

16. 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.

17. 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. Last year, Metrobank recorded P22.2 billion net income, a 60% year-on-year surge.

18. Aboitiz Power Corporation (AP)

Aboitiz Power Corp. is also a prominent renewable energy provider in the Philippines. Its portfolio contains hydroelectric, geothermal, solar power generation, and thermal facilities businesses. Aboitiz Equity Ventures owns the largest stake at Aboitiz Power.

19. 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.

20. 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 P221 billion market capitalization.

21. 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.

22. 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.

23. 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 P2.7 billion nine-months net income and is now among the best dividend-paying stocks in the Philippines.

24. Metro Pacific Investments Corporation (MPI)

Metro Pacific Investments Corp. is a reputable infrastructure company in the Philippines with substantial investments in toll roads, power, water, health care, light rail, and logistics. MPI has a 45% stake in Meralco and worthwhile ventures in leading toll roads in the Philippines, Vietnam, and Indonesia.

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. 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 532 stores all over the Philippines. The giant retail chain made P4.2 billion in net income in the first half of 2022.

28. 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.

29. Robinsons Land Corporation (RLC)

Robinsons Land Corp. is the real estate business segment of JG Summit (Gokongwei Group). RLC owns malls, residences, office buildings, hotels, resorts, destination estates, logistics, industrial facilities, and RC REIT (Robinsons Land Commercial REIT).

30. Megaworld Corporation (MEG)

Megaworld is among the biggest real estate property developer companies in the Philippines. Dr. Andrew Tan founded it in 1989. Megaworld is known for its high-end residential condominiums and commercial properties nationwide. The giant construction firm made a net income of P9.7 billion in the first nine months of 2022.

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Founder of DailyPik, entrepreneur, and tech investor. She has a Degree in Accountancy and background in Finance. She analyzes stocks everyday. Copy her trades on eToro Connect with Fehl on Facebook

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