ALI reports 10% Q1 2025 net income growth

Ayala Land Inc. (ALI) reported a 10% increase in net income to P6.9 billion for the first quarter of 2025, driven by strong property development bookings and healthy leasing operations.

Consolidated revenues grew by six percent year-over-year to P43.6 billion, with property development revenues increasing by 11% to P27.8 billion, primarily due to sales in premium residential lots and industrial and commercial lots.

Residential revenues reached P22.0 billion, a three percent increase from the previous year, while commercial and industrial lot revenues more than doubled to P5.7 billion, largely attributed to strong interest in Arca South in Taguig City.

Leasing revenues increased by seven percent to P11.6 billion, supported by stable occupancy rates and lease escalations across shopping centers and offices, with hotel and resort revenues growing 10% to P2.6 billion despite temporary closures for renovations.

ALI's industrial real estate portfolio saw a 60% increase in revenues to P357 million, contributing to the company's robust performance in the first quarter; additionally, ALI signed a land lease agreement with Metro Pacific Agro Ventures, Inc. (MPAV) to develop a greenhouse facility within Lio Estate in El Nido, Palawan.