Filinvest Land Inc. (FLI) announced a robust performance for the first quarter of 2025, posting Php 6.04 billion in consolidated revenues and other income, a significant 12% increase compared to the same period last year.
The company also reported an 8% rise in net income to Php 1 billion, with net income attributable to parent increasing by 3% to Php 905 million. This strong performance was underpinned by the continued strength of residential sales, sustained momentum in its leasing business, and improved profitability across all business segments.
FLI is strategically focused on further expanding its reach across the Philippines, with plans to aggressively drive sales in the rest of Luzon, Visayas, and Mindanao. This will be achieved by strengthening its mass market housing portfolio and accelerating the development of local sales channels.
Beyond domestic expansion, FLI is also scaling its international sales network, building on the success of its Middle East branches and the promising early results from newly established offices in key overseas markets.
The company will continue to prioritize the sale of ready-for-occupancy (RFO) units through competitively priced inventory and will strategically manage new project launches, concentrating on growth corridors outside the National Capital Region (NCR). The focus remains firmly on providing affordable housing and condominium offerings to the underserved mass market in emerging urban centers nationwide.
Driving this growth in Q1 2025 was the strong performance of FLI’s core business units. Residential real estate revenues grew by 9% to Php 3.70 billion, fueled by robust activity in CALABARZON, Visayas, and Mindanao. Leasing revenues surged by 17% to Php 2.06 billion, supported by consistent leasing demand across the company’s expanding office and retail portfolios. Furthermore, improved operational efficiency played a crucial role in enhancing overall profitability.
Notably, gross profit margins in the residential segment increased to 53%, up from 49% in the first quarter of 2024. Retail margins also improved by 3 percentage points, reaching 54%, reflecting enhanced cost management and improved occupancy rates across its retail assets.
“Our focus on ready-for-occupancy sales is driving stronger residential revenues and better asset returns. For retail and office leasing, we’re combining targeted rent strategies with tighter cost control to boost occupancy and EBITDA,” said Tristan Las Marias, President and Chief Executive Officer of Filinvest Land, Inc. “We’re also fast-tracking the opening of our new malls in Activa Cubao and Mimosa Clark, both drawing strong tenant interest due to their prime locations. Meanwhile, the solid performance of our residential projects in VisMin and Luzon outside NCR continues to fuel overall growth in 2025. With strong fundamentals and an agile approach, we are well-positioned to build on this momentum.”
Filinvest Land’s sustained residential revenue growth was driven by continuous project completions, strong collection performance, and increasing demand for ready-for-occupancy units. The middle-income segment, representing the core of FLI’s housing portfolio, accounted for 79% of total residential revenues and posted a significant 20% growth compared to the same period last year. The company’s recent initiatives to enhance its procurement system and foster more collaborative partnerships with contractors are also yielding positive results, contributing to improved efficiencies.
