Visayas and Mindanao focused property developer Cebu Landmasters, Inc. (CLI) reported a robust first half, with consolidated net income rising 13 percent in the first half this year to PHP2.49 billion, up from PHP2.21 billion in the same period last year, fueled by sustained sales momentum, improved revenue recognition, and faster project completions across the region.
This followed consolidated revenues growth of 5 percent to PHP11.87 billion, with real estate sales remaining the primary contributor. Complimenting this, the company’s diversification strategy delivered strong gains, as recurring income from hotel operations surged 132 percent , while leasing revenues advanced 53 percent.
“Our strong performance in the first half of the year reflects the disciplined execution of our growth strategy and our deep commitment to addressing the housing needs of the VisMin market. Despite continued economic headwinds, CLI remains well-positioned, consistently generating high-quality earnings and delivering value to our stakeholders,” said CLI Chairman and Chief Executive Officer Jose Soberano III.
“The robust reception of our recent launches–marked by strong take-up and early buyer engagement–demonstrates the sustained real demand in our markets and reinforces the sound fundamentals behind our long-term growth strategy,” added Soberano.
CLI’s projects continue to demonstrate strong market traction, with reservation and estate sales reaching PHP14.3 billion, a 3 percent increase from last year. The flagship economic housing brand Casa Mira along with best-selling Garden Series are driving performance, achieving a 90 percent sell-out rate for units launched in the first half of 2025.
By June 2025, CLI’s total assets stood at PHP125 billion, driven by ongoing project build-up and strategic land acquisitions. The broader asset base allowed the company to cater to expanding demand and scale up development in new growth cities while maintaining a balanced approach to funding.
The listed company has 127 developments with 105 property-for-sale projects and an expanding list of income-generating properties, including 10 hotels and 6 offices in its portfolio. This is all part of a broader plan to evolve into a more balanced and diversified real estate leader.
Building on this powerful momentum, CLI is gearing up for a busy second half of the year, with 12 new projects worth P29 billion in the pipeline. These developments will bring new residential, mixed-use, and hotel properties to key areas like Cebu, Davao, General Santos, Ormoc, and Palawan.
Over the next three months, the company will launch a fresh wave of seven new projects in rapidly urbanizing areas, including Metro Cebu, Palawan, the Davao Region, and South Mindanao. These developments are strategically designed to cater to the expanding demand for quality housing in these high-growth communities. The company will wrap up the last quarter of 2025 with five additional residential developments. These upcoming projects in Metro Cebu, Northern Cebu, and Eastern Visayas are expected to deepen CLI’s footprint across VisMin while extending its reach to underserved but high-potential areas.
