Ayala Land Inc. (ALI) reported a 38 percent increase in net income to P39.1 billion in 2025, up from P28.23 billion a year earlier, largely driven by gains from the sale of Alabang Town Center (ATC) and steady expansion of its leasing and hospitality businesses.
Consolidated revenues grew 5 percent to P190.2 billion from P180.73 billion previously.
Excluding the one-time gain from the ATC sale, net income from core operations rose 8 percent year-on-year to P30.6 billion, supported by strong fourth-quarter results from estate lot sales and recurring leasing and hospitality income.
The company’s property development segment generated P113.9 billion in revenues despite market headwinds, fueled by solid bookings for estate lots and offices for sale, along with improving residential sales. Fourth-quarter development revenues increased 5 percent to P38 billion.
Combined office and estate lot sales climbed 25 percent to P22.5 billion, driven by projects in key estates such as Arca South, Circuit Makati, and Centrala.
Full-year sales reservations were steady at P142.3 billion, while total launches reached P60.4 billion, mostly residential projects.
Leasing and hospitality revenues rose 7 percent to P48.7 billion. Shopping center revenues increased 5 percent to P24.2 billion on improved occupancy and higher tenant sales. Office leasing revenues grew 5 percent to P12.2 billion, maintaining better-than-industry occupancy rates.
Hospitality revenues rose 9 percent to P10.6 billion, boosted by the acquisition of New World Makati Hotel in the second half of the year.
ALI added 77,000 square meters of new commercial leasing space during the year, including expansions at Ayala Malls Vermosa, new retail spaces at Evo City in Cavite and Park Triangle in Bonifacio Global City, and regional office tech hubs in Nuvali, Laguna and Atria Park in Iloilo.
Company president and CEO Anna Ma. Margarita Bautista-Dy said the strong results highlight the resilience of Ayala Land’s diversified portfolio. She added that the company will prioritize high-quality residential launches in 2026 and expand its leasing portfolio, with over 250,000 square meters of new leasable space set to open across its estates.
The sale of Alabang Town Center provided a significant boost to earnings and strengthened Ayala Land’s capital position, supporting future investments and long-term growth initiatives.
