AYALA Land, Inc. (ALI) on Friday reported consolidated net income of P39.1 billion in 2025, an increase of 38.6 percent from 2024, supported by growth in its leasing and hospitality segment and gains from portfolio management initiatives.
In a disclosure, the developer said consolidated revenues reached P190.2 billion, up five percent from 2024, while net income from core operations climbed eight percent to P30.6 billion, fueled by strong fourth-quarter results from the estate lots and leasing and hospitality businesses.
Its property development unit was said to have generated P113.9 billion in revenues, driven by solid estate lot and office-for-sale bookings and a sequential improvement in core residential revenues.
Fourth-quarter development revenues totaled P38.0 billion, up 5 percent year-on-year, with combined revenues from office and estate lots for sale rising 25 percent to P22.5 billion, led by projects in estates such as Arca South, Circuit Makati, and Centrala in Pampanga.
Full-year sales reservations amounted to P142.3 billion while total launches reached P60.4 billion, 77 percent of which were residential developments and the remainder were prime commercial and industrial lots.
Leasing and hospitality revenues grew seven percent to P48.7 billion while shopping center revenues increased five percent to P24.2 billion, driven by higher occupancy and merchant sales.
Office leasing revenues reached P12.2 billion on continued above-industry occupancy, while hospitality revenues climbed nine percent to P10.6 billion, aided by the acquisition of New World Makati Hotel in the second half.
During the year, Ayala Land opened 77,000 square meters of new commercial leasing space across AyalaMalls Vermosa, Evo City in Cavite, and Park Triangle in BGC, alongside regional office completions at Nuvali in Laguna and Atria Park in Iloilo.
Makeover works at Ayala Center Cebu, TriNoma, and five hospitality assets were also completed.
“Our business delivered healthy growth in 2025 despite a challenging environment, underscoring the strength of our portfolio and execution,” Ayala Land President and CEO Anna Ma. Margarita Bautista-Dy said.
“As we enter 2026, we focus on benchmark residential launches that emphasize quality and long-term value. Our leasing portfolio continues to expand with a banner year of more than 250,000 sqm of leasable space coming online in our estates,” she added.
Capital expenditures in 2025 totaled P92.9 billion, of which 38 percent went to property development, 29 percent to leasing expansion, 18 percent to estate build-out, and 15 percent to land acquisitions.
The company said that it maintained a solid balance sheet with a net gearing ratio of 0.78x:1.
Shareholder returns reached P18.5 billion, up 25 percent year-on-year and equivalent to 65 percent of prior-year net income, supported by cash dividends and an active share buyback program that boosted core earnings per share by 10 percent versus 2024.
Ayala Land shares rose P0.55, or 2.66 percent, to close at P21.25 each on Friday amid a 0.9-percent advance for the benchmark Philippine Stock Exchange index.
