ALI hikes 2026 capex to P60 billion

MANILA, Philippines — Property giant Ayala Land Inc. (ALI) is hiking its 2026 capital expenditures to P60 billion as the company regained its footing in the second quarter.

“We’re confident about bringing our capex back up to about P60 billion. Not quite what we thought we would do for the year, but higher than the guidance that we gave out after the first quarter,” ALI president and CEO Anna Ma. Margarita Bautista-Dy said.

“Again, (this is) a reflection of the confidence that we have,” she said.

Due to risks presented by the Middle East crisis, ALI in April recalibrated its capex for 2026 to around P50 billion from the original guidance of P70 billion to P80 billion.

Capex for the first half stood at P39.5 billion.

“We really came off a very challenging first quarter. So the priority for us for the second quarter was to stabilize the business,” Bautista-Dy said.

“By stabilizing the business, we needed to make sure that we manage our debt levels, we make sure that we have a keen eye on our collections, that we grow our revenues and our NIATs, at least on a quarter-on-quarter basis. I think we’ve accomplished that for the second quarter,” she said.

Bautista-Dy said ALI has managed to bring down its inventory levels to the lowest they have been since the pandemic.

“We’re now 15 months, which is practically our pre-pandemic levels,” she said.

ALI is on track for deliveries across 40 projects with close to 6,000 residential units turned over to date.

“We are delivering 13,000 residential units. We’ve delivered 6,000 in the first half. So these are buyer commitments. We’re on track,” Bautista-Dy said.

Moving into the second half , Bautista-Dy said ALI believes that it would still be a very challenging market.

“I mean, the war hasn’t ended. GDP (gross domestic product), actually, for the second quarter is even lower than the first quarter. So we realize that this is going to continue to be a challenging second half,” Bautista-Dy said.

“We enter the second half with a stronger control of the business and confidence in the enduring advantages of the portfolio, our estates and our people. Our task now is to sustain the progress to build this momentum,” she added.