Rockwell Land starts 2026 strong as Q1 net income jumps 67%
Rockwell Land Corp. said its net income attributable to the parent company grew by 67 percent to P1.29 billion in the first quarter of 2026, compared to the P773 million it posted a year ago.
Consolidated net income for the quarter rose by 52 percent to P1.43 billion. This performance was supported by a 45 percent year-on-year increase in consolidated revenues to P6.46 billion compared to P4.46 billion in the first quarter of the previous year.
Residential development accounted for 75 percent of total revenues, while commercial development accounted for 25 percent, excluding joint venture shares. Total earnings before interest, taxes, depreciation, and amortization (ebitda) reached P2.72 billion, a 42 percent increase from P1.92 billion, with residential and commercial segments contributing 60 percent and 40 percent, respectively.
Revenue growth was observed across core business segments.
Residential development revenues rose to P4.85 billion, driven by real estate sales and project accomplishments from Edades West and Cabo San Diego.
Concurrently, commercial revenues reached P1.60 billion, representing a 55 percent increase, driven primarily by the start of recognition of Alabang Commercial Center (ACC).
Within the commercial portfolio, retail operations accounted for P1.14 billion, a 74 percent increase from last year, resulting from higher
occupancy levels, improved average rental rates, and the integration of the Alabang assets.
While the real estate industry shows signs of resilience in spite of the times, steady demand for premium, integrated communities continues to support company growth. Backed by this strong start to 2026, Rockwell Land remains focused on strengthening its developments across key cities and emerging growth areas nationwide.
