Rockwell sees headwinds disrupting 2026 momentum

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June 4, 2026 | 12:00am

MANILA, Philippines — Rockwell Land Corp. of the Lopez Group expects prevailing headwinds to disrupt its momentum for the rest of the year.

Rockwell said it is carefully navigating industry headwinds by maintaining a disciplined approach to project delivery and market expansion.

“While the first quarter gave us a solid start to the year, we are taking a realistic view of the coming months,” Rockwell Land president and COO Valerie Soliven said during the company’s annual stockholders’ meeting yesterday.

“The evolving global volatility and economic landscape marked by softer demand, increasing interest rates and new regular regulatory requirements will affect our momentum for the rest of the year,” she said.

Rockwell had a solid start to 2026, with its first-quarter earnings surging by more than half, driven by robust revenue growth across core business segments.

Net income attributable to the parent company from January to March jumped by 67 percent year-on-year to P1.29 billion, while consolidated net income climbed by 52 percent to P1.43 billion.

Given the current market challenges, Soliven said the company’s focus is to remain agile, maintain strong liquidity and ensure financial resilience.

With its three decades of experience, Rockwell said it remains committed to curating communities that respond to evolving market needs as it prepares to launch more offerings in the coming months.

Rockwell is also set to undertake a major redevelopment of Alabang Town Center (ATC), which it acquired a controlling stake last year.

“ATC has long held a special place within the Alabang community, and we are approaching its next chapter with both excitement and respect for what it already means to so many people,” Soliven said.

Rockwell chairman and CEO Nestor Padilla said the company began reviewing and master planning the 17.5-hectare property two months ago.

He said they have engaged Carlos Ott, a world-renowned architect and planner for Rockwell’s Proscenium in Makati, for the master plan.

“In the first two years, we will address the parking and circulation around the property. While doing this, we will work on improving the tenancy mix so we can improve the shopping experience,” Padilla said.

“But more importantly, we will bring back the old charm of the town, as the locals like to call ATC,” he said.

Over the next five to 10 years, Padilla said Rockwell’s vision is to transform the town to become a suburban lifestyle center.

“This 17.5-hectare addition to our portfolio opens a meaningful opportunity to reimagine the lifestyle hub, preserving its charm and nostalgia while bringing in the distinctive Rockwell touch,” Padilla said.

Rockwell is known for its flagship mixed-use development, Rockwell Center Makati, which is anchored by the Power Plant Mall, a premium retail and lifestyle destination in the country.

The company has enhanced its retail developments over the years by integrating experiential and lifestyle-oriented spaces into its masterplanning, supported by curated tenant mixes.