SM Prime Holdings Inc. (SMPH) is gearing up for another massive capital spending program for its various developments next year, with more new malls slated for opening. The listed integrated property developer of the Sy family is looking to spend PHP 100 billion to PHP 110 billion for its capital expenditures next year, according to its president Jeffrey Lim. SM Prime Holdings, Inc. is looking at fiscal year 2025 CAPEX to be PHP 100 billion to PHP 110 billion.