Ayala Land Inc. (ALI), the country’s second-largest property developer, reported an 8 percent increase in net income to ₱14.2 billion for the first half of 2025, up from ₱13.12 billion in the same period last year, driven by the resilience of its diversified real estate portfolio.
Despite a 1 percent dip in consolidated revenue to ₱83.07 billion (from ₱84.27 billion) due to the absence of Airswift’s contribution, ALI sustained stable performance in property development, leasing, and hospitality operations.
President and CEO Anna Ma. Margarita Bautista-Dy noted the company’s forward momentum:
“Our sales momentum is improving, and we are preparing for a busy second half with ₱57 billion in new property development launches and the completion of reinvention works on malls and hotels. These initiatives will support our growth aspirations for 2025 and beyond.”
Key Financial and Strategic Highlights:
- Property development revenue hits ₱52.3 billion, led by strong commercial and industrial lot sales, particularly in Arca South (Taguig), Circuit Makati, and Arillo (Batangas).
- Residential business revenues reached ₱41.3 billion, powered by AyalaLand Premier and Alveo developments.
- Office for sale revenue rose 5 percent to ₱1.9 billion, on new sales bookings.
- Sales reservations totaled ₱73.7 billion, averaging ₱12.3 billion per month, a 4 percent increase over the 2024 monthly average.
- Premium residential sales led with ₱40.6 billion, while commercial and industrial lot demand climbed 7 percent to ₱8 billion.
- Second-quarter core residential sales take-up surged 11 percent year-on-year and 39 percent quarter-on-quarter, totaling ₱25.1 billion for H1.
ALI also launched ₱42.9 billion worth of new projects during the period, including Laurean Residences in Makati CBD, Areza in Lipa, and Cavite Technopark industrial lots.
The leasing and hospitality segment delivered a record ₱23.2 billion in H1 revenues, up 5% year-on-year, despite ongoing mall and hotel reinventions.
- Shopping centers: ₱11.6 billion, +5 percent
- Office leasing: ₱5.9 billion, +5 percent, supported by low vacancy rates
- Hospitality: ₱4.9 billion, amid healthy occupancy despite renovations affecting nearly 900 rooms
Capital expenditures reached ₱40.2 billion, with 42 percent allocated to residential builds, 25 percent to leasing and hospitality asset completion, and the rest to estate development and land acquisition.
