ALI starts P10 billion share buyback

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April 2, 2026 | 12:00am

MANILA, Philippines —  Property giant Ayala Land Inc. (ALI) is undertaking a P10-billion share buyback program in an effort to beef up its share price.

In a stock exchange filing, ALI said its executive committee approved a share buyback program of up to P10 billion that started yesterday, April 1.

The company said the program would be implemented through open market purchases executed via trading facilities of the Philippine Stock Exchange (PSE).

ALI’s share price closed at P17 yesterday, up by 5.3  percent.

Its 52-week low is at P15.82 per share, while its 52-week high is at P30.05 per share based on data from the PSE.

ALI’s board earlier this year approved the filing with the Securities and Exchange Commission of a new five-year shelf registration for debt securities of up to P50 billion.

The company likewise secured board approval to raise up to P40 billion with tenor of up to 10 years through the issuance of retail bonds or corporate notes for listing on the Philippine Dealing and Exchange Corp. as well as bilateral term loans.

Proceeds of the planned capital raising will be used primarily for debt refinancing and to partially finance general corporate requirements.

The shelf registration will give the company flexibility to tap the capital markets.

For 2026, ALI is allocating P70 billion to P80 billion in capital expenditures.