Cebu Landmasters, Inc. (CLI), the leading real estate developer in the Visayas and Mindanao (VisMin) region, announced a robust start to 2025, posting a 12% year-on-year increase in consolidated net income to ₱1.32 billion in the first quarter. This growth is attributed to the company’s successful geographic expansion, efficient project execution, and consistent demand across key regional markets.
Consolidated revenues climbed 4% to ₱6.51 billion, with property sales making up 97% of the total. Real estate revenues grew to ₱6.32 billion, driven by solid construction progress and enduring demand for residential developments, particularly in Cebu and Cagayan de Oro. Gross profit rose 13% to ₱3.53 billion, resulting in an improved gross profit margin of 54%, up from 50% in Q1 2024.
CLI also saw a notable increase in reservation sales, rising from ₱5.3 billion to ₱6.3 billion, supported by the launch of ₱6 billion in new residential inventory. These launches further cemented CLI’s leadership in VisMin and were met with strong market uptake.
“We benefit from our deep market knowledge and operational agility,” said Jose R. Soberano III, CLI Chairman and CEO. “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.”
The company’s recurring income streams also experienced substantial growth, with combined revenues from hotel and leasing operations soaring 113% to ₱157 million. Hospitality income surged 161% to ₱105 million, fueled by strong occupancy in three newly launched hotels in 2024. Leasing income rose 56% to ₱54 million, driven by the turnover of newly occupied commercial spaces.
As part of its growth strategy, CLI plans to double its number of operational hotels by end-2025, with four additional completions underway.
CLI ended the quarter with a solid financial position, reporting ₱3.6 billion in operating cash flows and a net debt-to-equity ratio of 1.52, reflecting prudent capital management and a continued focus on shareholder value.
Looking ahead, the company has earmarked ₱36 billion for project launches across 2025 and 2026, underscoring its aggressive expansion strategy. These investments will reinforce CLI’s market dominance in VisMin while establishing a stronger foothold in Luzon and the National Capital Region (NCR)—an important milestone in the company’s long-term growth trajectory.
“We’re building more than just developments—we’re shaping communities in VisMin and soon, Luzon,” added Soberano. “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.”
Cebu Landmasters, Inc. (CLI) is a homegrown real estate developer in the Philippines, known for delivering quality and affordable residential and mixed-use developments primarily in the Visayas and Mindanao regions. CLI is committed to building vibrant, sustainable communities that uplift lives and support inclusive regional development.
