Q4 2025 Ayala Land Inc Earnings Call Transcript
Key Points
- Ayala Land Inc (AYAAF) reported a 5% increase in total revenues, reaching PHP190.2 billion, and a 39% rise in net income to PHP39.1 billion.
- The company achieved a strong balance sheet with a net gearing ratio of 0.78:1, maintaining financial stability.
- Leasing and hospitality revenues grew by 7%, driven by broad-based growth across all segments, despite ongoing renovations.
- Ayala Land Inc (AYAAF) successfully recycled capital by selling its stake in Alabang Commercial Corporation, allowing for reinvestment in higher return opportunities.
- The company plans to open over 200,000 square meters of new retail gross leasable area in 2026, marking the largest single-year addition in its history.
- Service revenues declined by 34% due to lower third-party contracts in the construction business and the absence of airline revenues.
- Residential revenues decreased by 4% due to weaker premium residential bookings, despite strong core residential bookings.
- General and administrative expenses increased by 9%, impacting overall cost management.
- Interest expense and financing charges rose due to increased borrowings and higher cost of debt.
- The company faces challenges with elevated residential supply in Metro Manila and projected GDP growth below 5% for 2026.
Good afternoon, everyone. Thank you for joining us today and welcome to Ayala Land's full year 2025 briefing. Let me begin by introducing our panel: Meean Dy, President and CEO; Jed Quimpo, CFO and Treasurer; Mike Jugo, Head of the Premium Residential Business Group; Mariana Zobel de Ayala, Group Head for Leasing and Hospitality.
We're also joined today by members of our Management Committee: Robert Lao, Head of Strategic Growth, New Ventures and Central Land Acquisition; Darwin Salipsip, Group Head of Construction Management; Raquel Cruz, Head of the Core Residential Business Group; and Isa Sagun, Chief Human Resource Officer.
We likewise acknowledge the presence of our broader management team.
Please note that the press release and presentation materials are available on our Investor Relations website. For any questions that we may not be able to address during the briefing, we will respond via email at the soonest possible time.
At this point, I'd like to turn it over to our CFO, Jed
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