Ayala Land ’26 capex at P70B-P80B
Ayala Land, Inc. (ALI) has earmarked P70 billion to P80 billion for capital expenditures in 2026. Of the amount, about 38 percent is allocated to leasing projects, such as malls, offices and hotels.
The Zobel-led firm said on Friday that the remainder of the funds will go to residential developments and land acquisitions. These include payments for previously acquired properties.
The company also plans to bring about 250,000 square meters (sq m) of new leasable space to the market this year. Beyond that, it has lined up about 600,000 sq m of mall space and 300,000 sq m of offices under development, along with roughly 1,500 hotel rooms in its pipeline.
For 2025, ALI reported a record consolidated net income of P39.1 billion. This was thanks to the continued expansion of its leasing and hospitality businesses and gains from portfolio management initiatives.
The country’s largest property developer said on Friday that consolidated revenues reached P190.2 billion, up 5 percent from the previous year.
Net income from core operations climbed 8 percent to P30.6 billion. This was on the back of strong fourth-quarter contributions from estate lots and its leasing and hospitality segments.
Property development remained the company’s biggest revenue contributor, generating P113.9 billion despite challenging market conditions.
Robust estate lot and office-for-sale bookings, as well as improving residential sales, fueled this segment.
Combined revenues from office and estate lots rose 25 percent to P22.5 billion. Projects in Arca South, Circuit Makati and Centrala in Pampanga provided the push.
Sales reservations reached P142.3 billion for the year, reflecting steady demand for residential units and estate lots.
Meanwhile, leasing and hospitality revenues grew 7 percent to P48.7 billion, driven by improved performance across malls, offices and hotels.
ALI president and CEO Anna Ma. Margarita Bautista-Dy said that the results reflected the strength of ALI’s portfolio and execution despite a challenging environment.
“As we enter 2026, we focus on benchmark residential launches that emphasize quality and long-term value,” Dy said.
In a separate disclosure, ALI said its board approved plans to raise up to P40 billion through the issuance of retail bonds and/or corporate notes with tenors of up to 10 years, as well as bilateral term loans.
The company said the proceeds will be used mainly to refinance existing debt and partly fund general corporate requirements, allowing it to manage its liabilities while supporting ongoing expansion.
The property giant also said it would file with the Securities and Exchange Commission a new five-year shelf registration for debt securities worth up to P50 billion.
