Total revenues rose 6 percent to P83.1 billion, backed by resilient residential bookings, rising lot sales, and record leasing and hospitality performance.
Management’s view
“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,” said ALI president and CEO Anna Ma. Margarita Bautista-Dy.
“These initiatives will support our growth aspirations for 2025 and beyond,” she added.
Sales take-up hits nearly P74 billion
Property development brought in P52.3 billion, led by AyalaLand Premier and Alveo sales and a 42 percent jump in commercial and industrial lot revenues.
Sales take-up hit P73.7 billion in the first six months, buoyed by strong demand from the premium and core residential segments.
New launches included Laurean Residences in Makati, commercial lots at Areza in Lipa, and industrial offerings at Cavite Technopark.
Record leasing revenues
The leasing and hospitality business posted its highest ever first-half revenues at P23.2 billion, with malls, offices, and hotels all showing gains despite ongoing renovations.
Hospitality revenues rose to P4.9 billion even as nearly 900 rooms were temporarily closed, while the industrial real estate unit surged 60 percent to P762 million.
Capital spending reached P40.2 billion in the first half, mainly for residential build-outs and leasing asset completions.
Shareholder returns hit P10.1 billion, combining cash dividends and an active buyback program equivalent to 36 percent of last year’s net income.
—Edited by Miguel R. Camus
