Ayala Land posts P5.4B net income in Q1 2026, down by 22%

Real estate giant Ayala Land Inc. saw a 22% drop in net profit for the first three months of the year, as a slump in residential sales outweighed growth in its shopping centers and hotels. 

In a disclosure to the Philippine Stock Exchange (PSE) on Thursday, Ayala Land reported a net income of P5.4 billion for the first quarter of 2026, down from P6.9 billion year-on-year.

This followed a 14% drop in revenues to P37.5 billion, driven by a 27% decline in property development revenue – the company’s biggest driver – to P20.3 billion.

Sales reservations also fell by 22% to P28.2 billion.

The decline was partly cushioned by revenues from malls and hotels, which grew by 9% to P12.6 billion. 

“Our leasing platform is delivering steady growth and providing greater stability to the business,” said Ayala Land president and chief executive officer Anna Ma. Margarita Bautista-Dy.

Dy added that Ayala is “actively reshaping” its portfolio to ensure a more balanced mix of income streams. — JMA, GMA News