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Property giant Ayala Land, Inc. (ALI) posted an eight percent growth in net income to ₱14.2 billion in the first semester of 2025 as revenues surged on the strength of its diversified portfolio.
In a disclosure to the Philippine Stock Exchange, the firm said consolidated revenues jumped 60 percent to ₱83.1 billion from ₱51.9 billion in the first half of 2024 on the back of steady Property Development revenues and solid Leasing and Hospitality operations.
“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 of malls and hotels,” said ALI President and CEO Anna Ma. Margarita Bautista-Dy.
She added that, “These initiatives will support our growth aspirations for 2025 and beyond.”
First-half Property Development revenues reached ₱52.3 billion, driven by strong Commercial and Industrial (C&I) Lot revenues and resilient bookings from the Premium Residential segment.
Revenues from the Residential business stood at ₱41.3 billion, mainly from higher recognized revenues of AyalaLand Premier (ALP) and Alveo projects.
Moreover, C&I revenues jumped 42 percent to ₱9.1 billion from sales of lots in Arca South in Taguig City, Circuit Makati, and Arillo, ALI’s emerging Leisure estate in Batangas.
In addition, revenues from Offices-for-Sale increased five percent to ₱1.9 billion owing to new sales bookings.
Total Sales Reservations of the Property Development business totaled ₱73.7 billion, equivalent to ₱12.3 billion worth of monthly sales for the first six months of 2025, a four percent improvement compared to the average monthly sales for the full year of 2024 of ₱11.8 billion.
Sales during the period were led by the Premium Residential segment, which accounted for ₱40.6 billion, as well as demand for C&I lots, which expanded seven percent to ₱8.0 billion.
Meanwhile, the Core Residential business saw a notable growth in sales take-up in the second quarter, generating sales of ₱14.6 billion, up 11 percent year-on-year and 39 percent quarter-on-quarter, bringing first-half sales to ₱25.1 billion.
Ayala Land launched ₱42.9 billion worth of property development projects during the period headlined.
The Company’s Leasing and Hospitality Group achieved its highest first-half revenues in its history, even with ongoing reinvention works for its flagship malls and hospitality assets.
Revenues for the period reached ₱23.2 billion, a five percent improvement from the previous year. With increasing contributions of core and new malls, Shopping Center revenues increased five percent to ₱11.6 billion.
Similarly, Office Leasing revenues grew by five percent to ₱5.9 billion, buoyed by a solid single-digit vacancy rate across the portfolio.
Moreover, Hospitality revenues reached ₱4.9 billion from healthy occupancy despite ongoing renovations to close to 900 rooms during the first half of 2025.
The Industrial Real Estate business, comprising a growing portfolio of dry warehouses, cold storage facilities, and industrial land, generated revenues of ₱762 million, a 60 percent increase from last year, driven by AREIT's industrial land holdings and incremental revenues from new facilities.
Capital expenditures for the first semester of 2025 reached ₱40.2 billion, of which 42 percent was spent on the build-out of residential projects, 25 percent for the completion of leasing and hospitality assets, 23 percent for the priming and development of mixed-use estates, and 10 percent for continuing payments for land acquisition commitments.
