Ayala Land, Inc. (ALI) posted a consolidated net income of ₱21.4 billion for the first nine months of 2025, driven by the steady performance of its Property Development business and the continued expansion of its Leasing portfolio. Consolidated revenues for the period reached ₱121.8 billion.
The Property Development segment generated ₱75.9 billion in revenues, supported by consistent bookings in the Premium Residential segment, an improved third-quarter performance from Core Residential projects, and higher office-for-sale and commercial lot revenues that offset softer residential sales earlier in the year. Combined revenues from office and commercial and industrial (C&I) lot sales rose 3% year-on-year to ₱12.8 billion, following strong lot sales in the first half and robust office sales across key developments in Makati CBD, Vertis North, and Arca South.
Total sales reservations for residential products and C&I lots climbed 3% year-on-year to ₱111.7 billion, buoyed by resilient demand across market segments. During the same period, ALI launched ₱51.3 billion worth of new projects, highlighted by AyalaLand Premier’s Laurean Residences at the Makati CBD. About 91% of these launches were residential, with the remaining 9% comprising commercial and industrial lots in various Ayala Land estates nationwide.
Revenues from the company’s Leasing and Hospitality portfolio increased 6% to ₱35.1 billion, with growth seen across all asset classes. Shopping Center revenues rose 4% to ₱17.4 billion, reflecting the solid performance of new malls and steady foot traffic in established retail centers. Office leasing revenues grew 6% to ₱9 billion, underpinned by occupancy rates that remained above industry average. Meanwhile, hospitality revenues rose 4% to ₱7.4 billion, supported by stable occupancy and the contribution of the newly acquired New World Makati Hotel, even as select properties underwent renovation.
“Ayala Land continues to navigate market challenges with discipline and focus,” said ALI President and CEO Anna Ma. Margarita Bautista-Dy. “We remain committed to expanding our leasing portfolio, enhancing property development fundamentals, and driving disciplined execution and capital efficiency. These, together with our quality improvements, are the key ingredients that will enable Ayala Land to sustain long-term growth.”
Capital expenditures for the first nine months amounted to ₱65.5 billion. Of this, 40% was allocated to residential project build-outs, 26% to leasing and hospitality assets, 20% to estate development, and 13% to land acquisition payments. The company maintained a healthy balance sheet with a net gearing ratio of 0.77:1 and an interest coverage ratio of 4.9x.
In line with its commitment to deliver shareholder value, Ayala Land will return a total of ₱15.7 billion—or 56% of its 2024 net income—to shareholders through dividends and share buybacks. This includes ₱8.5 billion in annual cash dividends and ₱7.2 billion under its active share repurchase program. Last October, the company declared second-half cash dividends of ₱0.2928 per share, payable on November 26, 2025, bringing total cash dividends for the year to ₱0.5816 per share.
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