Ayala Land posts P14.2-B net income in H1 2025, up 8%

MANILA, Philippines — Ayala Land Inc. reported a net income of P14.2 billion in the first half of 2025, the company said in a disclosure on Wednesday, August 6.

The figure reflects an 8% increase from the same period in 2024, driven by the company’s diversified portfolio, with consolidated revenues reaching P83.1 billion. This was supported by strong contributions from property development, leasing and hospitality businesses.

Property development. Ayala Land said its property development segment generated P52.3 billion in revenues during the first half of 2025, buoyed by strong sales of commercial and industrial (C&I) lots and continued demand in the premium residential sector.

Residential revenues reached P41.3 billion, with notable contributions from Ayala Land Premier (ALP) and Alveo projects. C&I revenues rose 42% to P9.1 billion, fueled by lot sales in Arca South, Circuit Makati and Arillo in Batangas. Revenues from offices-for-sale also increased by 5% to P1.9 billion.

Total sales reservations for the property development business hit P73.7 billion, reflecting a 4% increase in monthly sales compared to the full-year average in 2024.

The premium residential segment led sales with P40.6 billion, while C&I lot demand climbed 7% to P8 billion. The company noted that core residential sales improved in the second quarter, bringing first-half totals to P25.1 billion.

“Ayala Land launched P42.9 billion worth of property development projects during the period, headlined by ALP’s Laurean Residences at the heart of the Makati Central Business District, commercial lots at Areza in Lipa City, Batangas and industrial lots for sale at Cavite Technopark,” the disclosure read. 

Leasing and hospitality. The firm also said that its leasing and hospitality group achieved its highest-ever first-half revenues at P23.2 billion, a 5% improvement from the previous year. 

“Our sales momentum is improving, and we are preparing for a busy second half with P57 billion in new property development launches, and the completion of reinvention works of malls and hotels,” Ayala Land President Anna Ma. Margarita Bautista-Dy said in a statement.

“These initiatives will support our growth aspirations for 2025 and beyond,” she added.

This was achieved despite ongoing renovations at its flagship malls and hospitality assets. Both shopping center and office leasing revenues grew by 5%. 

Hospitality revenues reached P4.9 billion amid healthy occupancy. The industrial real estate business also saw a substantial 60% jump in revenues to P762 million, according to the firm. 

Capital expenditures. Ayala Land's capital expenditures for the first half of 2025 totaled  P40.2 billion.  

The company spent 42% of this amount on residential project construction. The completion of leasing and hospitality assets accounted for 25% of the spending, while 23% was allocated to the development of mixed-use estates. 

The remaining 10% was used for payments related to land acquisition commitments.

“The Company ended the period with a healthy net gearing ratio of 0.76:1 and interest coverage ratio of 5x,” the firm said. 

By the end of June 2025, the company had returned a total of P10.1 billion in capital to shareholders. This amount consisted of P4.2 billion in first-half cash dividends and P5.9 billion from its active share buyback program. 

According to Ayala Land, the combined return is equivalent to 36% of the company's full-year 2024 net earnings.