AyalaLand Logistics Holdings Corp. (ALLHC), a subsidiary of Ayala Land Inc., reported an 86 percent drop in net income to ₱81 million for the first nine months of 2025, down from ₱617.5 million a year earlier, as demand for industrial land weakened.
Consolidated revenue fell by a third to ₱2.6 billion from ₱4 billion last year. The company said the decline reflected slower industrial lot take-up and the ongoing stabilization of newly completed and acquired assets.
Industrial lot sales generated ₱1.1 billion, down 57 percent from last year’s strong base driven by Laguindingan Technopark sales. Despite this, leasing operations provided steady support, with total leasing revenues rising 4 percent to ₱1.5 billion.
Warehouse leasing was flat at ₱559 million, while cold storage revenues jumped 32 percent to ₱202 million with new Artico cold chain facilities in Mabalacat, Urdaneta, and Iloilo. Commercial leasing also inched up 2 percent to ₱692 million, helped by higher mall occupancy and stable office rentals.
To boost future growth, ALLHC launched Batangas Technopark Phase 2 in the third quarter, adding ₱2.3 billion worth of saleable inventory. In the fourth quarter, it plans to open the sixth and seventh phases of Pampanga Technopark, introducing another ₱3 billion in inventory registered with the Philippine Economic Zone Authority and the Board of Investments.
President and CEO Robert S. Lao said the company is focused on improving occupancy and sales as new assets continue to stabilize.
