Ayala Land Inc. reported a strong financial performance for 2024, with net income climbing 15 percent to P28.33 billion, up from P24.5 billion the previous year. This developed despite industry challenges, bolstered by solid performance across its business divisions.
The property developer’s revenue surged 21 percent to P180.73 billion versus only P148.85 billion in 2023. This was driven by its real estate sales best shown by the 12 percent increase in reservation sales to P127.1 billion, with premium products accounting for 63 percent of total.
Anna Ma. Margarita Bautista-Dy, Ayala Land president and CEO, expressed confidence in the company’s continued success. “We look forward to the year and are excited to bring innovative residential and leasing offerings to our customers, expand our market reach and capture new business opportunities,” she said.
Capital expenditures in 2024 totaled P84.6 billion, with nearly half allocated to residential projects and a significant portion invested in estate development. Noteworthy project launches included Ayala Land Premiere’s Enara at the Nuvali Heights in Laguna and Avida’s Makati Southpoint Tower 3.
Revenue from property development grew 22 percent to P112.9 billion, spurred by strong residential sales across all brands, while commercial and industrial lot revenue rose 34 percent to P14.6 billion. Leasing and hospitality revenue increased by 9 percent to P45.6 billion, driven by the success of new assets such as One Ayala Mall and Seda Manila Bay.
In total, Ayala Land launched P80.5 billion worth of projects 64 percent of which are located outside Metro Manila, underscoring the company’s commitment to expanding beyond the capital.
