Cebu Landmasters, Inc. (CLI), a leading real estate developer in the Visayas and Mindanao (VisMin) region, kicked off 2025 on solid footing as it posted a 12% year-on-year increase in consolidated net income to ₱1.32 billion in the first quarter. The company attributed its growth to steady construction progress, resilient market demand, and its continued geographic expansion.
Revenues also climbed 4% year-on-year to ₱6.51 billion, with property sales contributing a dominant 97% of the total. Real estate sales alone reached ₱6.32 billion, buoyed by the sustained demand for residential developments and ongoing project completions.
Gross profit stood at ₱3.53 billion, up 13% from the previous year. This resulted in an improved gross profit margin of 54%, from 50% in Q1 2024. Net income attributable to the parent company reached ₱995 million.
Reservation sales, regional launches drive momentum
CLI recorded ₱6.3 billion in reservation sales for the quarter—an 18% increase from the previous year’s ₱5.3 billion. The company rolled out ₱6 billion worth of new residential inventory during the period, with strong take-up seen in Cebu and Cagayan de Oro (CDO).
“We benefit from our deep market knowledge and operational agility,” said CLI Chairman and CEO Jose R. Soberano III. “Demand remains resilient in the VisMin region and Cebu Landmasters continues to offer value-for-money products well-suited to the needs of the homebuyers.”
Recurring income segments show strong growth
CLI’s hospitality and leasing businesses posted combined revenues of ₱157 million, marking a 113% surge from the same period last year.
Hotel revenues rose by 161% to ₱105 million, fueled by increased occupancy across three properties launched in 2024. Leasing income also climbed 56% to ₱54 million, driven by newly turned-over office and retail spaces. CLI aims to double its hotel count by end-2025, with four new hotels in the pipeline.
Financial strength and future-ready expansion
The company maintained a healthy financial position with operating cash flows of ₱3.6 billion and a net debt-to-equity ratio of 1.52, enabling continued strategic capital deployment.
CLI plans to invest ₱36 billion in project launches from 2025 to 2026, signaling a robust development pipeline and underscoring its commitment to sustainable growth. The firm is also strengthening its foothold in Luzon and Metro Manila, complementing its stronghold in regional centers.
“We’re building more than just developments, we’re shaping communities in VisMin and soon, Luzon. Our strong start reflects the depth of demand in the regions we serve and the strength of our on-the-ground execution. 2025 will be about scaling our impact where it matters most,” Soberano said.
Cebu Landmasters continues to specialize in residential, office, hotel, resort, co-living, mixed-use, and township developments. For more information, visit cebulandmasters.com.
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