| THE AYALA WAY

Vol 6 No 44

"As we close the first quarter of 2025, I am pleased to share that Ayala Land remains firmly on track—guided by discipline, resilience, and long-term perspective—even as we navigate today’s complex macroeconomic landscape. We are energized with what lies ahead and continue to deliver sustainable long-term value for all our stakeholders."

ANNA MA. MARGARITA BAUTISTA-DY
ALI President and CEO

INSPIRE EXCELLENCE

ALI 1Q25 Net Income Reaches P6.9B, Up 10% YOY

Ayala Land, Inc. delivered double-digit earnings growth in the first quarter of 2025, achieving net income of P6.9 billion, 10 percent higher than last year. Consolidated revenues totaled P43.6 billion, a 6 percent year-on-year improvement, driven by resilient property development bookings and healthy leasing operations.

Property development revenues expanded by 11 percent to P27.8 billion, lifted by contributions across premium residential offerings and commercial and industrial lots for sale.

With reinventions across flagship malls and hospitality assets in full swing, leasing revenues totaled P11.6 billion, a 7 percent increase from 2024, on stable occupancy and lease escalation.

CAPEX, BALANCE SHEET, AND SHAREHOLDER VALUE

First-quarter capital expenditures reached P20.6 billion, of which 46 percent was spent on the build out of residential projects, 30 percent to prime and develop infrastructure within our estates, 16 percent on leasing and hospitality assets, and 9 percent on continuing land acquisition commitments.

The balance sheet remains solid with a healthy net gearing ratio of 0.75:1 and interest coverage ratio of 5.2x.

Ayala Land disbursed first-half cash dividends of P4.2 billion or P0.2888 per share in March 2025. Supplemented by our active share buyback program, Ayala Land has returned a total of P8.0 billion of capital to shareholders, equivalent to 28 percent of prior years’ net income.

Read the full disclosure and press statement on the company website or PSE Edge.