Consolidated revenue climbed 41 percent to P13.57 billion, while ebitda rose 43 percent to P5.88 billion, with margins holding at 43 percent.
The results showed growth from both sides of Rockwell’s business, with its core upscale residential developments selling more while Alabang Town Center expanded its mall and recurring-income portfolio.
Homes remain the engine
Residential development remained Rockwell’s biggest business, with real estate sales rising 37 percent as higher bookings and construction progress at Edades West and Cabo lifted revenue.
The segment generated P10.25 billion, or 76 percent of group revenue, while residential ebitda climbed 43 percent to P3.65 billion.
ATC gives malls a lift
Commercial revenue jumped 55 percent to P3.32 billion, driven by the consolidation of Alabang Town Center and higher average rental rates across Rockwell’s retail and office properties.
Retail revenue alone surged 73 percent to P2.38 billion as ATC was included in Rockwell’s results, alongside improved rents and occupancy.
Rockwell spent P7.6 billion during the first half on land and project development, including Edades West, Mactan, BenCab, Power Plant Mall Angeles and Cabo, funded mainly by internally generated cash and bond proceeds.
Expansion comes with higher borrowing costs
The growth push also came with higher financing costs, with interest expense jumping 75 percent to P1.53 billion because of a larger loan balance.
Rockwell ended June with P92.8 billion in liabilities, up from P81.5 billion at the end of 2025 following a P10 billion bond issuance in March, although its net debt-to-equity ratio remained broadly steady at 0.78 times.
—Edited by Miguel R. Camus
