Driven by robust property demand, consolidated revenues surged 27 percent to P125.2 billion, the company said in a stock exchange filing on Wednesday.
Management’s view
“We are pleased with the solid results delivered across our business lines,” said ALI president and CEO Anna Ma. Margarita Bautista-Dy.
“With signs of market headwinds clearing, coupled with our reinvention initiatives, we look forward to continue delivering high-quality products to our stakeholders,” she added.
Major segments post gains
Property development revenues increased 34 percent, hitting P76.6 billion on higher residential and commercial bookings.
Residential revenue jumped 35 percent to P64.2 billion, while commercial and industrial lot sales grew 51 percent to P10.4 billion.
ALI also saw a 17 percent rise in residential sales reservations, totaling P100.5 billion.
Malls, service revenues
Leasing and hospitality revenues climbed 8 percent to P33.2 billion, helped by new assets like One Ayala Mall.
Service business revenue expanded by 54 percent, reaching P12.8 billion, with Makati Development Corp. nearly doubling construction income. Property management and ancillary services saw a 9 percent lift, contributing to overall growth.
