Ayala Land (ALI) investor relations material

Executive summary

• Total revenues for 1H 2026 reached P75.0B, down 10% year-over-year, with net income at P11.5B, a 19% decline from the same period last year.

• Property development revenues fell 22%, while leasing and hospitality grew 9% year-over-year.

• CAPEX was P39.5B, 2% lower year-over-year, with a focus on leasing assets, which comprised 34% of total CAPEX.

• Net proceeds from the sale of 100 million AREIT shares (Php 4.18 billion) were fully disbursed by June 30, 2026, as certified by external auditors.

• Disbursements were allocated to major real estate projects, including Park Central Tower North & South, Laurean Residences, Gardencourt Residences, Enara, Vertis North BPO 4 & 5, Mandarin Oriental, and Arca South Mall and Office.

Financial highlights

• Net income attributable to equity holders was P11.5B, down 19% year-over-year.

• EBIT margin stood at 36%, and EBITDA margin at 43% for 1H 2026.

• Interest and other income increased by 32% year-over-year.

• General and administrative expenses rose 6% year-over-year.

Outlook and guidance

• Leasing investments are prioritized, with ongoing expansion in malls, offices, and hospitality.

• Major mall and hotel openings remain on track for 2026.