Ayala Land, Inc. (ALI), the Philippines’ largest property developer, announced a strong financial performance for the fiscal year 2025, achieving a consolidated net income of Php39.1 billion.
Consolidated revenues for FY 2025 reached Php190.2 billion, reflecting a 5% growth compared to the previous year. Net income from core operations rose to Php30.6 billion, an 8% year-on-year increase, supported by robust fourth-quarter earnings from Estate Lots and Leasing and Hospitality businesses.
Ayala Land’s Property Development segment generated Php113.9 billion in revenues, driven by strong Estate Lot and Office-for-sale bookings, alongside improved Core Residential revenues. Fourth-quarter development revenues reached Php38.0 billion, up 5% year-on-year. Office and Estate Lots for sale saw a 25% growth in combined revenues, totaling Php22.5 billion, fueled by projects in ALI estates such as Arca South, Circuit Makati, and Centrala in Pampanga.
Sales reservations for the year remained steady at Php142.3 billion, supported by consistent demand for residential and Estate Lots. Total project launches amounted to Php60.4 billion, with 77% allocated to residential developments and 23% to prime commercial and industrial lots in key ALI estates.
Leasing and Hospitality revenues increased by 7% to Php48.7 billion, with growth across all segments. Shopping Center revenues rose 5% to Php24.2 billion, driven by improved occupancy and higher merchant sales. Office Leasing revenues grew by 5% to Php12.2 billion, while the Hospitality segment achieved a 9% increase, reaching Php10.6 billion, bolstered by the acquisition of New World Makati Hotel in the second half of the year.
ALI expanded its leasing portfolio by adding 77,000 square meters of new commercial leasing space, including AyalaMalls Vermosa, Evo City in Cavite, Park Triangle in BGC, and regional office technohubs in Nuvali, Laguna, and Atria Park, Iloilo. Renovation projects at flagship malls such as Ayala Center Cebu and TriNoma, along with upgrades to five hospitality assets, further enhanced the portfolio.
Ayala Land deployed Php92.9 billion in capital expenditures in 2025, with 38% allocated to Property Development, 29% to Leasing portfolio expansion, 18% to Estate build-out, and 15% to land acquisition commitments. The company maintained a solid balance sheet with a net gearing ratio of 0.78x:1.
Through regular cash dividends and an active buyback program, ALI returned Php18.5 billion to shareholders, a 25% increase year-on-year, equivalent to 65% of the prior year’s net income. The buyback program contributed to a 10% year-on-year growth in Core Earnings Per Share (EPS).
ALI President and CEO, Ms. Anna Ma. Margarita Bautista-Dy, expressed optimism for 2026, stating, “Our business delivered healthy growth in 2025 despite a challenging environment, underscoring the strength of our portfolio and execution. As we enter 2026, we focus on benchmark residential launches that emphasize quality and long-term value. Our Leasing portfolio continues to expand with a banner year of more than 250,000 sqm of leasable space coming online in our Estates.”
