Insider Spotlight
Vista Land’s 2025 profit plunged nearly 60 percent to P3.8 billion, despite stronger operating earnings.
The property developer is doubling down on housing, launching 46 projects worth P49.6 billion.
First among six suspended Villar firms to disclose 2025 results, Vista Land has yet to release its first-quarter and first-half 2026 earnings.
Vista Land & Lifescapes Inc., the first of six suspended Villar companies to disclose its 2025 results, reported a nearly 60 percent plunge in net income to P3.8 billion from P9.4 billion a year earlier.
Amid the earnings decline, Vista Land is emphasizing its core housing business while seeking to make better use of its vast landbank through integrated developments.
"Vista Land will continue to prioritize its core horizontal housing business through its established residential brands—Camella, Crown Asia, and Brittany—while leveraging Vista Estates to unlock the potential of its extensive landbank through integrated, master-planned developments," the company said in a statement on Monday.
Profit takes a hit
Vista Land’s revenue slipped just 2.5 percent to P35.8 billion from P36.7 billion in 2024, suggesting that weaker sales alone could not explain the nearly 60 percent plunge in profit.
In fact, ebitda rose 6.6 percent to P24.2 billion, indicating that the underlying business performed better before interest payments, taxes and other expenses.
The company attributed part of the earnings decline to borrowing costs that were charged directly against profits rather than added to property development costs, although its full financial report has yet to show the extent of the impact.
Investors still locked out
The disclosure comes nearly five months after Vista Land, AllHome, AllDay, Vistamalls, VistaREIT and Villar Land were suspended from trading on the Philippine Stock Exchange over overdue financial filings.
The prolonged suspension has left investors unable to trade their shares while the broader Villar Group closes retail outlets, explores asset sales and restructures businesses built around its sprawling property empire.
Vista Land launched 46 housing projects worth an estimated P49.6 billion in 2025, but investors are still waiting for its first-quarter and first-half 2026 results, with no clear timetable for trading to resume.
—Edited by Miguel R. Camus
