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AyalaLand Logistics Holdings Corp. registered a 92.4% decline in net income for the first quarter of 2026 to P5 million from P66 million in the same period last year, reflecting lower lot sales as well as higher depreciation and financing costs related to prior expansions
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Sales from industrial lots were down 58% to P165 million, reflecting early-stage project completions
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Despite a more cautious market environment, demand continues with sales reservations up 46% to P517 million
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On the other hand, warehouse leasing were up 7% to P202 million, supported by contributions of additional capacity delivered in 2025 alongside improving occupancy
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Cold storage revenues grew 157% to P118 million, as utilization ramped up across facilities
AyalaLand Logistics Holdings Corp. (ALLHC) registered a 92.4% decline in net income for the first quarter of 2026 to P5 million from P66 million in the same period last year, reflecting lower lot sales as well as higher depreciation and financing costs related to prior expansions.
Consolidated revenues likewise dropped 16.5% to P725 million from P868 million.
Sales from industrial lots contributed P165 million in revenues, down 58% from P394 million last year, reflecting early-stage project completions, ALLHC said in a statement.
Despite a more cautious market environment, ALLHC said demand continues, with sales reservations reaching P517 million, up 46% year-on-year. These pre-sales are expected to be recognized within the year as payment milestones are met and projects progress. ALLHC said it also continues to actively manage its available inventory, with timing of future launches calibrated to prevailing market conditions.
ALLHC’s leasing revenues grew 19% year-on-year to P551 million, driven by the improved occupancy across its portfolio, particularly in cold storage, as assets completed and acquired in the previous year continue to stabilize.
Warehouse leasing generated P202 million in revenues, up 7% year-on-year, supported by contributions of additional capacity delivered in 2025 alongside improving occupancy. Cold storage revenues reached P118 million, surging 157% year-on-year, as utilization ramped up across facilities.
Commercial leasing revenues, meanwhile, remained steady at P231 million.
“Amid a more cautious market environment, we continue to see healthy interest in our Technopark developments, reflected in improved pre-sales,” ALLHC president and chief executive officer Robert Lao said.
“While we saw tempered earnings in the near term, our leasing assets continue to provide stability as we maintain disciplined execution across the portfolio, alongside a more measured approach to capital deployment,” Lao added.
READ: AyalaLand Logistics income sinks 71.5% in 2025
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. Its Alogis standard factory buildings and Artico cold chain facilities are in various areas nationwide. The A-FLOW ML1 Data Center in Laguna was launched last year.
