MANILA, Philippines — Property giant Ayala Land Inc. (ALI) has announced a capital expenditure (capex) budget of ₱70 billion to ₱80 billion for 2026. The move follows a stellar 2025 performance where the company posted a record consolidated net income of ₱39.1 billion.
The Zobel-led firm disclosed on Friday, February 20, 2026, that its 2026 spending will prioritize leasing projects and residential expansions to sustain its growth momentum.
Allocation of 2026 Capex:
- Leasing Projects (38%): Focus on malls, offices, and hotels. ALI plans to bring 250,000 sq m of new leasable space to the market this year, with a pipeline of 600,000 sq m for malls, 300,000 sq m for offices, and 1,500 hotel rooms.
- Residential & Land Acquisition (62%): Funds earmarked for new residential developments and land acquisitions, including payments for previously acquired properties.
2025 Financial Performance:
- Consolidated Net Income: ₱39.1 billion (Record High).
- Consolidated Revenues: ₱190.2 billion (Up 5% year-on-year).
- Core Net Income: ₱30.6 billion (Up 8% year-on-year).
- Key Drivers: Property development remained the largest contributor (₱113.9 billion), fueled by strong sales in Arca South, Circuit Makati, and Centrala in Pampanga. Leasing and hospitality revenues also grew 7% to ₱48.7 billion.
Future Strategy & Financing
ALI President and CEO Anna Ma. Margarita Bautista-Dy stated that the company will focus on “benchmark residential launches” emphasizing long-term value.
To support its expansion and debt management, ALI’s board approved plans to raise up to ₱40 billion through retail bonds, corporate notes, and bilateral loans. Additionally, the company will file a new ₱50-billion shelf registration for debt securities with the Securities and Exchange Commission (SEC) to be utilized over the next five years.