Vista Land & Lifescapes Inc., owned by the richest Filipino Manuel B. Villar Jr., posted a five percent improvement in net income to ₱3.4 billion in the first quarter of 2025 from ₱3.23 billion in the same period last year due to higher sales and leasing income combined with lower expenses.

In its financial report to the Philippine Stock Exchange, the country’s largest homebuilder said revenue from real estate sales grew five percent to ₱5.85 billion in the first quarter this year from ₱5.56 billion in the comparative period of 2024.

“This was primarily attributable to the increase in the overall completion rate of sold inventories of some of its business units as well as the recognition of the significant financing component for the period,” Vista Land said.

Revenue of Crown Asia increased to ₱740 million from ₱444 million due to the increase in the number of sold homes completed or under construction in the Mega Manila are’s upper middle-income residential segment during the period as well as the significant financing component recognized.

Real estate revenue from Vista Residences increased by seven percent to ₱1.51 billion from ₱1.42 billion principally attributable to the increase in the number of sold condominium units completed or under construction during Crown Asia's revenue increased to ₱740 million from ₱444 million due to the rise in the number of sold homes completed or under construction in the Mega Manila area’s upper middle-income residential segment during the period and period.

Brittany’s revenue rose by 20 percent to ₱573 million from ₱478 million as a result of the increase in the number of homes sold, completed or under construction in the Mega Manila area’s high-end or upscale residential segment.

Revenue of Communities Philippines increased by four percent to ₱2.08 billion from ₱1.99 billion on the back of an increase in the number of homes sold, completed, or under construction outside the Mega Manila area’s affordable residential segment.

Camella posted a revenue of ₱1.36 billion from ₱1.35 billion due to the increase in the number of sold homes completed or under construction in the Mega Manila area.

Rental income increased by four percent from ₱4.18 billion to ₱4.35 billion, primarily due to the increase in rates for the period.

Parking, hotel, mall administrative and processing fee, and other revenue decreased by nine percent from ₱370 million to ₱338 million because of the decrease in hotel and other revenues, specifically forfeitures.

Cost and expenses decreased by five percent from ₱4.61 billion to ₱4.39 billion, while the cost of real estate sales increased by 12 percent from ₱1.79 billion to ₱2.01 billion due to the increase in the number of homes sold, completed, or under construction.

Operating expenses dropped by 16 percent from ₱2.83 billion to ₱2.38 billion due to lower transportation and travel expenses, depreciation, and professional fees.