A significant downturn marked 2025 for AyalaLand Logistics Holdings Corp., with net income plummeting 71% to P200 million. This sharp decline, a stark contrast to the previous year’s P701 million, stemmed primarily from a considerable decrease in industrial lot sales.
Overall revenues mirrored this trend, falling 26.8% to P3.8 billion compared to P5.2 billion in 2024. The company attributed the results to both reduced lot sales and a period of stabilization as newly completed and acquired leasing assets came fully online.
The sale of industrial lots experienced a dramatic 50% reduction, reaching P1.7 billion in 2025. This was attributed to a combination of limited land availability and a noticeable cooling in market demand.
Despite the challenges in land sales, the company focused on optimizing existing assets and strategically advancing industrial developments in key locations. This shift in focus aimed to navigate a more cautious market environment.
A bright spot emerged in the company’s leasing businesses, which saw revenues increase by 8% to P2 billion. This growth was fueled by consistent operations and a deliberate expansion of the leasing portfolio.
Warehouse revenues, while slightly lower than the previous year due to tenant changes, still contributed P746 million. Simultaneously, the company aggressively expanded its warehouse capacity.
By year-end, ALLHC boasted a total warehouse gross leasable area of 379,000 square meters, an 11% increase. This expansion was driven by strategic acquisitions in Urdaneta and Iloilo, alongside new units in Mabalacat and Naic, adding 39,000 square meters to the portfolio.
Cold storage facilities experienced particularly strong growth, with revenues surging 88% to P308 million. This impressive increase was directly linked to the contributions from recently acquired facilities.
The company significantly increased its cold storage capacity, reaching 31,600 pallet positions – a 56% jump from the 20,300 positions available in 2024. This expansion positions ALLHC to capitalize on growing demand in this sector.
Commercial leasing also showed positive momentum, rising 2% to P935 million, supported by improved mall occupancy and stable office leasing performance. These gains demonstrate resilience in the face of broader economic headwinds.
Looking ahead, ALLHC invested P3.2 billion in new saleable lots, adding to its inventory in the Cavite and Batangas Technoparks. The company also completed the first phase of its A-FLOW data center campus in Biñan, Laguna, offering an initial IT capacity of 6 megawatts.
Plans for 2026 include further development of the Pampanga Technopark, with registration planned with the Philippine Economic Zone Authority and the Board of Investments. This signals continued commitment to strategic growth initiatives.
In a board-level change, Jose Eduardo A. Quimpo II, CFO of the parent company, was elected as a director, replacing Augusto D. Bengzon. This transition reflects ongoing adjustments within the leadership structure.
Despite the financial results, ALLHC shares experienced a slight decline, falling 0.74% to close at P1.34 apiece. This movement reflects the market’s response to the reported performance.
