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AyalaLand Logistics Holdings Corp.’s net income plunged 69% in the first quarter of 2025 to P66 million from the same quarter last year’s P211 million
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Consolidated revenues of P868 million also plunged 33% to P868 million from P1.3 billion
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Industrial lot sales decreased 54% primarily due to last year’s bulk sale at Laguindingan Technopark
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Warehouse leasing revenues increased 7% while cold storage revenues were up 12% due to contributions from new cold chain facilities in Mabalacat and Santo Tomas
AyalaLand Logistics Holdings Corp.’s (ALLHC) net income plunged 69% in the first quarter of 2025 to P66 million from the same quarter last year’s P211 million.
Consolidated revenues of P868 million also plunged 33% to P868 million from P1.3 billion.
For January to March, ALLHC reported P394 million revenue in industrial lot sales, a 54% decrease year-on-year, primarily due to last year’s bulk sale at Laguindingan Technopark, the company said in a statement.
Collectively, the leasing businesses generated total revenues of P464 million, reflecting a 2% year-on-year increase, driven by portfolio expansion and the scaling up of operations.
Warehouse leasing revenues increased by 7% to P189 million, driven by additional gross leasable area (GLA) from the build-to-suit facility in Naic, Cavite.
Cold storage revenues reached P46 million, up 12% year-on-year, due to contributions from new Artico cold chain facilities in Mabalacat and Santo Tomas.
Commercial leasing revenues, meanwhile, dipped by 3% to P229 million, attributed to lower specialty leasing revenues.
In March alone, ALLHC acquired two logistics parks – Artico Urdaneta in Urdaneta City, Pangasinan, and Artico lloilo in Santa Barbara, lloilo – marking a strategic expansion into two new regional provinces.
These acquisitions enhance the company’s cold storage and dry warehousing capabilities, adding over 15,000 square meters (sqm) of warehouse GLA and 11,200 cold pallet positions to its portfolio.
“We are focused on expanding our network of industrial real estate assets nationwide, supporting businesses in key regional hubs. We are building a strong foundation for growth as demand for industrial estates, warehouses, and cold storage facilities continues to rise,” ALLHC president and chief executive officer Robert Lao said.
In addition to expanding its Technopark inventories, ALLHC said it is progressing with several construction projects.
The second phase of ALogis Mabalacat in Pampanga Technopark will add 18,000 sqm of GLA and ALogis Naic 2 in Cavite Technopark will add 3,600 sqm upon delivery.
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 are 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.
