FILINVEST Land Inc. (FLI) on Thursday reported a 4.8-percent decline in net income to P3.47 billion in the first nine months of 2026 despite a 33-percent increase in residential reservation sales that already surpassed its full-year 2025 total.
The property developer said consolidated revenues and other income reached P19.43 billion from January to September, down from P20.08 billion in the same period last year.
The latest earnings performance reversed the company's five-percent net income growth in the first nine months of 2025, when profit reached P3.64 billion on the back of stronger residential sales and leasing operations.
FLI's residential reservation sales, however, climbed 33 percent year-on-year to P17.95 billion, exceeding the P16.97 billion recorded for full-year 2025.
Ready-for-occupancy homes accounted for P9.9 billion, or more than half of total reservations, reflecting continued demand for completed residential units.
Despite stronger reservations, residential revenues declined by 4.2 percent to P12 billion, which the company attributed largely to the timing of revenue recognition.
FLI President and CEO Tristan Las Marias said the company continued to see demand across its residential, retail, office and industrial businesses.
The company had approximately 1.5 years' worth of residential inventory as of end-September, with the strong take-up of completed homes supporting efforts to sell existing inventory and build its pipeline for future revenue recognition.
Meanwhile, leasing revenues increased to P6.35 billion from P6.13 billion a year earlier, supported by growth in both retail and office operations.
Retail leasing revenues rose 12.8 percent to P2.26 billion, compared with P2.01 billion in the same period last year, driven by improving consumer activity, tenant demand and mall enhancements.
Office leasing revenues, meanwhile, grew 2.5 percent to P3.77 billion from P3.68 billion previously.
FLI also signed a 99-year lease agreement with a company locating at Filinvest Innovation Park in New Clark City, a transaction expected to contribute approximately P2.6 billion in fourth-quarter revenue.
The agreement marks a milestone in the company's efforts to attract industrial locators to the development.
Las Marias said the company remained focused on converting demand into financial results through inventory monetization, stronger recurring income and disciplined portfolio management.
FLI also received its fifth consecutive recognition at the 2026 Golden Arrow Awards for corporate governance. It also earned three distinctions at the 2026 Stevie Awards in Paris, including Gold for Achievement in Management – Real Estate, and Silver awards for Company of the Year – Real Estate and Employer of the Year – Real Estate.
The company’s shares on Thursday closed unchanged at P0.70 each.
