AyalaLand Logistics profit drops on lower industrial lot sales
AyalaLand Logistics Holdings Corp. (ALLHC), an Ayala Land Inc. (ALI) subsidiary, reported a 75-percent drop in consolidated net income to ₱105 million in the first half of 2025 from the ₱413 million earned in the same period last year due to lower industrial lot sales.
In a disclosure to the Philippine Stock Exchange (PSE), the firm said consolidated revenues fell 31 percent to ₱1.8 billion in the first six months of 2025 from the previous year’s ₱2.6 billion.
Revenues from the sale of industrial lots registered at ₱869 million, a 49-percent decrease year-on-year with strong sales in 2024 of Laguindingan Technopark lots.
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 ₱948 million in total revenues. Warehouse revenues amounted to ₱359 million, a five-percent 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 ₱122 million, a 33-percent 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.
Meanwhile, commercial leasing revenues remained stable at ₱467 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," said ALLHC President and Chief Executive Officer (CEO) Robert S. Lao.