San Miguel Corporation (SMC) sustained its strong financial performance in the first nine months of the year as net income surged 141% to ₱31.2 billion from the same period last year. Its significant growth was driven by the exceptional performance of key subsidiaries Petron Corporation, San Miguel Brewery Inc. (SMB), Ginebra San Miguel Inc. (GSMI), SMC Infrastructure, and Eagle Cement Corporation (Eagle). Consolidated operating income reached ₱110.2 billion, a 29% year-on-year growth that reflected performance improvements across its Fuel and Oil, Beverages, Packaging, Infrastructure, and Cement businesses. SMC's Power and Food businesses, while still tracking below last year's levels, have started to show improvements in the third quarter.