Joselito Malig

Article (news)

Jekki Pascual

ABS-CBN News

MANILA — Ayala Land described the first half of the year as challenging as it reported an P11.5 billion net income in the first six months of 2026. This is 19 percent lower than the P14.2 billion in the same period last year.President and Chief Executive Officer Meean Dy said the Middle East conflict has a big impact on the company because the war has affected fuel prices and overall inflation.“We think it’s still a very challenging market. The war hasn’t ended, GDP actually for the second quarter is even lower than the first quarter,” Dy said.But she remains optimistic for the year even saying that despite the geopolitical risk, sales reservations have been stable. The first and second quarters of the year reported almost flattish figure even if the second quarter was hit fully by the conflict abroad.“27 billion [pesos] in the first quarter and about 26 billion [pesos] in the second quarter. So roughly the same and that’s despite the fact that we have not had any launches,” she added.The luxury or premium segment also reported higher figure than the core segment or the middle-income segment. Sales reservations for premium hit P31.5 billion or 8 percent lower year-on-year. While the reservations for core hit P14.9 billion or 38 percent lower.“Our sales over in the first half, two-thirds is really coming from the premium segment. So that’s Ayala Land Premier and Alveo products, while the balance is in the core segment. Lokking at second quarter take-up, it follows the same take-up mix. It’s still primarily driven by the premium product,” said Mike Jugo, Ayala Land Chief Commercial Officer.Dy is also optimistic of further growing this year as it expands its residential and mall business.“We are delivering 13,000 residential units. We’ve delivered 6,000 in the first half. These are buyer commitments. We’re on track. 200,000 square meters of mall space, again we’re on track for this year,” Dy said.Mariana Zobel de Ayala, Leasing &amp; Hospitality Group Head of Ayala Land, said they continue to reinvent their malls to attract more Filipinos.“We completed the physical refresh or construction around our four flagship malls- which are Glorietta, Ayala Center Cebu, Trinoma, and Greenbelt. That’s the first phase. Second phase is that merchant optimization,” Zobel de Ayala said.Capital expenditures hit P39.5 billion in the first half, lower by 2 percent. It plans to spend a total of P60 billion for the year, which is lower than the P93 billion capex last year.

Ayala Land described the first half of the year as challenging as it reported an P11.5 billion net income in the first six months of 2026. This is 19 percent lower than the P14.2 billion in the same period last year.

Ayala Land described the first half of the year as challenging as it reported an P11.5 billion net income in the first six months of 2026. This is 19 percent lower than the P14.2 billion in the same period last year.

Ayala Land posts lower net income amid ‘challenging’ 2026

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Ayala Land posts lower net income amid ‘challenging’ 2026

Jekki Pascual,

ABS-CBN News

Published August 10, 2026 11:43 PM PHT

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