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AyalaLand Logistics’s net income dropped 75% to P105 million in the first half of 2025 from P413 million in the same period last year
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The income was pulled down by the 49% decline in sale of industrial lots
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Consolidated revenues from January to June 2025 reached P1.8 billion, down 31% year-on-year
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Sale of industrial lots and warehouse revenues dropped while commercial leasing revenue remained stable
AyalaLand Logistics Holdings Corp.’s net income dropped 75% to P105 million in the first half of 2025 from P413 million in the same period last year, pulled down by the 49% decline in the sale of industrial lots.
Consolidated revenues from January to June 2025 reached P1.8 billion, a 31% decline from P2.6 billion year-on-year.
Revenues from the sale of industrial lots reached P869 million in the first half coming from strong sales in 2024 of Laguindingan Technopark lots, ALLHC said in a statement.
In response to demand for industrial lots, ALLHC added new inventory in Cavite Technopark in the second quarter while expansion parcels in other developing Technoparks are expected to launch within the year.
Altogether, ALLHC’s leasing businesses held steady, generating P948 million in total revenues.
Warehouse revenues amounted to P359 million, a 5% dip from the year prior. During the second quarter, the company opened the second phase of its ALogis Mabalacat warehouse facility in Pampanga Technopark and additional units in ALogis Naic 2 in Cavite Technopark. The deliveries added 18,000 square meters (sqm) and 3,800 sqm of gross leasable area (GLA), respectively, to the company’s warehouse portfolio.
Cold storage revenues totaled P122 million, a 33% increase from the year prior, on account of contributions of new Artico cold chain facilities in Mabalacat, Santo Tomas, Urdaneta and Iloilo.
Construction projects are ongoing for the second phases of the Artico Santo Tomas and Mabalacat facilities. Together, the expansions will add over 15,000 pallet positions to ALLHC’s growing cold storage portfolio.
Commercial leasing revenues, meanwhile, remained stable at P467 million driven by improved mall occupancies and steady office leasing performance.
“We’ve made meaningful progress in the first half by completing strategic projects that expand our footprint and position us for future growth. With healthy market demand and our focus now on driving occupancy and sales to strengthen our performance, we believe these assets are well-placed to start delivering value,” said ALLHC president and chief executive officer Robert Lao.
A subsidiary of Ayala Land, Inc., ALLHC has principal business interests in holding companies, commercial leasing, industrial lot sales and development, and retail electricity supply. Among its developments include Laguna Technopark, Cavite Technopark, Pampanga Technopark, Batangas Technopark, and Laguindingan Technopark; and commercial leasing including Tutuban Center in Manila and South Park Center in Muntinlupa City.
