ROCKWELL Land Corp. posted a 20.3-percent increase in net income in the first nine months of 2026, driven by stronger residential sales and higher commercial revenues following the consolidation of Alabang Commercial Corp. (ACC).
In a quarterly report filed with the Securities and Exchange Commission, the property developer reported consolidated net income of P4.2 billion, up from P3.49 billion in the same period last year.
Consolidated revenues climbed 28.8 percent to P19.32 billion from P15 billion a year earlier, while net income attributable to the parent company increased 21.5 percent to P3.79 billion from P3.12 billion.
Earnings before interest, taxes, depreciation and amortization (Ebitda) rose 29.5 percent to P8.49 billion from P6.56 billion, with residential and commercial developments accounting for 61 percent and 39 percent, respectively.
Residential development remained the largest revenue contributor, generating P14.26 billion, or 74 percent of total revenues. Segment Ebitda increased 21 percent to P5.15 billion from P4.25 billion, mainly on higher revenues.
The company attributed the increase in real estate sales to higher bookings and revenue recognition from its Edades West and Cabo Lots projects.
Meanwhile, commercial development revenues surged 56 percent to P5.06 billion from P3.24 billion, mainly due to the consolidation of ACC.
Retail operations generated P3.64 billion in revenues, up 74 percent from P2.1 billion last year, supported by ACC's contribution and improved average rental and occupancy rates.
Office operations generated P1.23 billion, equivalent to six percent of total revenues, while hotel operations contributed P186 million.
Ebitda from commercial development increased 45 percent, including the company's share in net income from its joint venture.
Rockwell Land's lease income grew 56 percent, reflecting the contribution from ACC and higher average rental rates in its retail and office segments.
However, higher revenues were accompanied by increased expenses.
Shares of Rockwell Land rose P0.47 or 18.80 percent, to close at P2.97 each on Thursday.
