BIZ BUZZ: Is the worst over for ALI?

After a bruising first half, Ayala Land Inc. (ALI) is not quite ready to make that call.

ALI chief finance officer Jed Quimpo said the property giant’s immediate goal was less about staging a sharp rebound and more about keeping its business steady in the second half.

“For us, our target is to stabilize,” said Quimpo.

That would be a welcome development for ALI, whose net income declined to P11.5 billion in the first six months of 2026 from P14.2 billion a year ago.

There were already some signs of improvement toward the end of the semester.

Second-quarter net income reached P6.1 billion, up 13 percent from the previous quarter, while first-half sales reservations stood at P53.5 billion.

Quimpo said ALI believes it can sustain its first-half pace, including on the sales front, through the remainder of the year.

But whether the property giant can pull it off will partly depend on forces outside its control.

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“The biggest caveat is that the markets are chaotic, right? I mean, every now and then, something flares up,” Quimpo said. “But to what we can control, we’ll try to achieve that.”

So, is the worst over? ALI isn’t calling it yet. For now, stability is the name of the game.

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