Property developer Ayala Land Inc. (ALI) reported a net income of P21.4 billion in the first three quarters of 2025, nearly flat compared to the same period last year on lower revenues from its residential business.
The developer’s consolidated revenues declined 3 percent to P121.8 billion, with sales from property development dropping 1 percent to P75.9 billion.
“Ayala Land continues to navigate market challenges with discipline and focus,” said Ayala Land president and chief executive Anna Ma. Margarita Bautista-Dy in a disclosure to the stock exchange Monday.
Residential sales, a major component of property development, were down 2 percent to P63.1 billion, as sales from upscale projects softened by 4 percent to P60.9 billion.
Sales of office and lots for sale inched up 3 percent to P21.8 billion.
Total reservation sales for residential products improved 3 percent year-on-year to P111.7 billion on steady take-up of premium projects and improving demand for affordable residential, office and lot projects.
The company’s leasing and hospitality business saw a 6-percent rise in sales to P35.1 billion. Mall revenues increased 4 percent to P17.4 billion, boosted by increasing contributions from new malls.
Office leasing revenues climbed 6 percent to P9 billion, which the company attributed to an occupancy rate that was better than the industry average.
Hospitality revenues grew 4 percent to P7.4 billion, supported by stable portfolio occupancy and the contributions of the recently acquired New World Makati Hotel.
ALI launched P51.3 billion worth of property development projects in the first nine months of 2025, including AyalaLand Premier’s Laurean Residences at the Makati central business district.
The company spent P65.5 billion in capital expenditures from January to September this year. Forty percent of the amount was spent on the construction and build-out of residential projects, 26 percent on the completion of leasing and hospitality assets, 20 percent on the development of mixed-use estates and 13 percent on land acquisition.
“We remain committed to expanding our leasing portfolio, enhancing property development fundamentals, and driving disciplined execution and capital efficiency. These, together with our quality improvements, are the key ingredients that will enable Ayala Land to sustain long-term growth,” Dy said,
