40 Philippine companies in Fortune's Southeast Asia 500

40 PH companies in Fortune Southeast Asia 500 list

Jon Viktor D. Cabuenas 

GMA Integrated News

June 17, 2025

Forty companies from the Philippines were included in the Fortune Southeast Asia 500 list for 2025, which ranks the 500 biggest companies in the region based on their revenues, at the average exchange rate during the year.

According to Fortune, the latest list shows a snapshot of a region that it described as “ready to take advantage” of shifts in the global supply chain, and booming industries such as mining, electric vehicles, and artificial intelligence.

This year’s list was topped for the second straight year by Singapore-headquartered Trafigura Group with $243.201 billion.

It was followed by Thailand’s PTT with $87.635 billion, Indonesia’s Pertamina with $75.327 billion, and Singapore-based Wilmar International with $67.379 billion, and Olam Group with $42.028 billion.

Revenue and profit figures for the companies reporting in their local currency were converted to US dollars at the average exchange rate during each company’s fiscal year, with the minimum revenue threshold set at $349.4 million.

The collective companies on the 2025 list recorded $1.82 trillion in revenue in 2024, higher than the $1.79 trillion in 2023.

“Together, the Southeast Asia 500 companies are playing an increasingly important role in global supply chains — capturing manufacturing capacity from shifting from China, which is drawing significant capital flows and reshaping global trade dynamics,” Fortune said.

Below is a list of the Philippine companies included in the list:

38 Philippine companies in ‘Southeast Asia 500’

38 Philippine Companies Make It to Fortune's Southeast Asia 500

Story by Micah Avry Guiao

Spot.ph

18 June 2024

Fortune has unveiled its inaugural Southeast Asia 500 list—with 38 Filipino companies making the cut. San Miguel leads the pack by claiming a spot in the Top 10, landing ninth overall.

Prominent conglomerates and holding companies include SM Investments, JG Summit Holdings, Aboitiz Equity Ventures, Ayala, GT Capital Holdings, Alliance Global Group, Lopez Holdings, Filinvest Development, LT Group, and DMCI Holdings. These firms cover a broad range, from real estate to power and manufacturing.

The banking and financial services sector is also well-represented with BDO Unibank, Metropolitan Bank & Trust, BPI, UnionBank, Rizal Commercial Banking, China Banking, and Security Bank.

Each circle on the map points to the location of a company headquarters, while circle's size represents company revenue. PHOTO BY Screenshot from Fortune

San Miguel joins a diverse set of companies at the highest rungs. While the top one, Singapore's Trafigura is a commodities trader, the next two—Thailand’s PTT and Indonesia’s Pertamina—are both from the energy sector. Other industries include agriculture, retail, and manufacturing. Singapore stands out with five companies in the top 10 and a total of 84 overall.

"The Fortune Southeast Asia 500 reflects a dynamic and fast-changing region—one whose core economies are growing notably faster than those of Europe or the U.S. This is partly due to Southeast Asia taking on far greater significance in the global economy, not least because a host of Global 500 multinationals have shifted more of their supply chains to Southeast Asian nations," Clay Chandler, Executive Editor for Asia at Fortune, said in a press release.

He also pointed out that five companies on the Southeast Asia 500 were large enough to have made the 2023 edition of the Fortune Global 500.

Philippine companies in Fortune’s Southeast Asia 500 list

Here are the 38 Philippine companies included in Fortune's Southeast Asia 500, along with their corresponding spots on the list:

1. San Miguel - 9th place
2. SM Investments - 27th place
3. Manila Electric - 34th place
4. JG Summit Holdings - 55th place
5. BDO Unibank - 57th place
6. Aboitiz Equity Ventures - 59th place
7. Ayala - 70th place
8. GT Capital Holdings - 74th place
9. Jollibee Foods - 86th place
10. Cosco Capital - 95th place
11. PLDT - 97th place
12. Alliance Global Group - 100th place
13. Robinsons Retail Holdings - 105th place
14. Metropolitan Bank & Trust - 108th place
15. Globe Telecom - 111st place
16. BPI - 112nd place
17. PAL Holdings - 113rd place
18. Lopez Holdings - 122nd place
19. ICTSI - 145th place
20. DMCI Holdings - 159th place
21. LT Group - 169th place
22. UnionBank - 186th place
23. Filinvest Development - 189th place
24. Rizal Commercial Banking - 201st place
25. Monde Nissin - 205th place 
26. China Banking - 206th place
27. Century Pacific Food - 238th place
28. Basic Energy - 244th place
29. Security Bank - 267th place
30. Synergy Grid & Development - 286th place
31. Bloomberry Resorts - 307th place
32. Metro Retail Stores Group - 363rd place
33. Converge ICT - 389th place
34. Wilcon Depot - 398th place
35. D&L Industries - 404th place
36. Manila Water - 435th place
37. SSI Group - 473th place 
38. Digiplus Interactive - 482nd place