Rockwell Land reports 67% increase in net income in Q1 of 2026
Led by the iconic Power Plant Mall, Rockwell’s retail operations saw a 74% increase in the first quarter of 2026.
Rockwell Land Corporation reported that its net income attributable to the parent company grew by 67% to Php 1.29 billion for the first quarter of 2026, compared to Php 773 million in the same period last year. Consolidated net income for the quarter also increased by 52% to Php 1.43 billion from Php 943 million.
This performance was supported by a 45% year-on-year increase in consolidated revenues, rising to Php 6.46 billion compared to Php 4.46 billion in the first quarter of the previous year. Residential development accounted for 75% of total revenues, while commercial development accounted for 25% (excluding joint venture shares). Total EBITDA reached Php 2.72 billion, a 42% increase from Php 1.92 billion, with residential and commercial segments contributing 60% and 40% to the total EBITDA, respectively.
Revenue growth was observed across core business segments. Residential development revenues rose to Php 4.85 billion, driven by real estate sales and project accomplishments from Edades West and Cabo San Diego.
Concurrently, Commercial revenues reached Php 1.60 billion, representing a 55% increase driven primarily by the start of recognition of Alabang Commercial Center (ACC). Within the commercial portfolio, retail operations accounted for Php 1.14 billion, a 74% increase from last year, resulting from higher occupancy levels, improved average rental rates, and the integration of the Alabang assets.
While the real estate industry shows signs of resilience in spite of the times, steady demand for premium, integrated communities continues to support company growth. Backed by this strong start to 2026, Rockwell Land remains focused on strengthening its developments across key cities and emerging growth areas nationwide.