Revenues declined 2 percent year-on-year, reflecting relatively stable performance amid challenging market conditions in the property sector.
CLI also recorded P16.2 billion in residential sales from January to September, driven largely by demand from overseas Filipino workers (OFWs) and end-users.
Consolidated net income, however, fell 15 percent to P2.64 billion, which CLI attributed to a higher gain from investment property sales in the same period last year.
Net income attributable to the parent company stood at P1.79 billion.
Real estate sales accounted for the bulk of CLI's revenues at P13.4 billion, while hotel, mall and office operations contributed P593 million, up 26 percent year-on-year.
Gross profit reached P7.12 billion, with the gross profit margin improving to 51 percent from 49 percent a year earlier.
Operating expenses remained relatively unchanged at P2.86 billion.
CLI president and chief executive officer Jose Franco Soberano said the company's established presence in the Visayas and Mindanao continued to support its operations despite economic challenges facing the property sector.
"While several macroeconomic factors are affecting the industry, CLI's leadership in the VisMin area gives it a position of strength," Soberano said.
He noted that CLI's overall property-for-sale portfolio was 94 percent sold out as of September, with a delinquency rate of around 3 percent.
Residential demand
CLI sustained residential sales during the nine-month period despite having no new residential project launches in the first half of 2026.
In September, the company launched three developments — Costa Mira Beachtown Mactan Tower 4, Alto Ranudo and Casa Mira Prime Ormoc Phase 1.
The three projects have since achieved a combined sell-through rate of 56 percent, representing P4.4 billion in sales value.
Two more projects — Mirani Homes Bogo in Cebu and The West Village at Davao Global Township in Davao City — were launched in late October, bringing CLI's recent launches to five developments with a combined project value of P11.08 billion.
CLI said OFWs and end-users remained key sources of demand, particularly in residential markets outside Metro Manila.
At Casa Mira Prime Ormoc, OFWs account for approximately half of the buyers. Many buyers also come from outside Ormoc, including nearby provinces, with families of seafarers representing a notable segment.
"Families are making more deliberate homebuying decisions in this economic environment, making it important for us to build homes that respond to their needs," Soberano said.
He added that the response to CLI's recent launches indicated sustained interest in residential developments across the Visayas and Mindanao.
Recurring income
Beyond residential development, CLI reported higher revenues from its hospitality and commercial properties.
Hotel revenues rose 22 percent to P365 million, while mall and office revenues increased 35 percent to P228 million.
Combined revenues from these businesses reached P593 million, up 26 percent from the same period last year.
Recent additions to CLI's commercial and hospitality portfolio include The Paragon Davao Lifestyle Mall, Radisson RED Cebu Mandaue and Astra Lifestyle Centre.
These developments are expected to strengthen CLI's recurring income base and complement its residential development business.
As of September 2026, CLI's total assets stood at P146.7 billion, up nine percent from P134.16 billion at the end of 2025.
Total equity increased 10 percent to P38.36 billion.
More projects planned
CLI plans to launch four additional residential developments in Cebu, Cagayan de Oro and Butuan before the end of 2026, subject to market conditions.
The company said the timing of future launches would depend on market conditions and buyer demand.
CLI also maintains a 260-hectare landbank to support future residential communities and master-planned developments across the Visayas and Mindanao.
Soberano said the company's immediate priority was to complete ongoing developments while pursuing opportunities to expand its residential, commercial and hospitality businesses.
"The current economic environment calls for discipline in terms of timing of launches and the types of developments we bring to market," he said.
"Our immediate priority is to complete our projects and deliver the homes we have promised our buyers," Soberano added.
CLI has more than 135 projects across the Visayas and Mindanao, spanning residential developments, mixed-use communities, townships, leasing properties and hospitality facilities. —Ed: Corrie S. Narisma
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