CEBU Landmasters Inc. (CLI) is keeping its P20-billion capital expenditure program this year despite global and domestic headwinds, aiming to continue pushing project development and land acquisitions across its Visayas-Mindanao (VisMin) core markets.
At a media briefing on Thursday, the company said about 63 percent of the capex will go to project development and the balance to block acquisitions and general corporate requirements.
CLI executives said they will continue implementing ongoing projects already in the pipeline, particularly those scheduled for turnover within the year, as part of efforts to sustain residential revenue recognition.
The company also noted continued land banking activity, saying its land position has significantly expanded in recent years.
Despite a cautious macroeconomic environment, CLI said it remained optimistic about growth this year, citing sustained demand for residential products and improved project accomplishments across its portfolio.
“We are still aiming for growth or positive growth... that is really the sentiment among the executive committee and the board,” said Jose Franco Soberano, senior executive vice president and chief operating officer of CLI.
He said disciplined implementation and capital management was key to achieving their targets, reiterating continued demand resilience in CLI’s core markets.
CLI earlier posted solid results in the first three months, with consolidated revenues rising 20 percent to P6 billion from P5 billion a year earlier on higher residential revenue recognition, resulting in net income of P1 billion.
Recurring income streams were sustained, with hotel and leasing revenues both rising 14 percent as the hospitality and commercial portfolio continued their growth.
Radisson RED Cebu Mandaue, a 144-room property in Mandaue City, added to CLI’s hospitality assets during the period.
As of end-2025, CLI’s property portfolio was valued at P176 billion and was said to be 92-percent sold.
The company added it would continue balancing expansion with disciplined capital deployment as it pursues sustained growth across its VisMin base and selective expansion into new markets.
Shares of the company dropped 0.44 percent to close at P2.25 each on Thursday.