Ayala Land Adr (AYAAY) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, everyone. Thank you for joining us today and welcome to Ayala Land's First Quarter twenty twenty six Briefing. Let me begin by introducing our panel, Me and Dee, President and CEO Jed Kimpo, CFO and Treasurer Mariana Zobel de Ayala, Group Head for Leasing and Hospitality. We're also joined today by members of our Management Committee, Mike Hugo, Head of the Premium Residential Business Group Robert Lau, Head of Strategic Growth, New Ventures and Central Land Acquisition Darwin Silipsip, Group Head of Construction Management Raquel Cruz, Head of the Core Residential Business Group and Isis Agun, Chief Human Resource Officer. We likewise acknowledge the presence of our broader management team. Please note that the press release and presentation materials are available on our Investor Relations website at ir.ayalaland.com.ph. For any questions you may not be able to address during the briefing, we will respond via email at the soonest possible time. At this point, I'd like to turn it over to our CFO Jed for his presentation. Thank you. Thank you, Joe. Good afternoon everyone. I will be presenting Ayala Land's first quarter twenty twenty six performance to be followed by key messages from our President and CEO. First on the headline numbers, Ayala Land registered total revenue of 37,500,000,000 for the first quarter of twenty twenty six and generated net income of 5,400,000,000, down 1423% respectively versus same period in 2025 as a result of continuing headwinds faced by our property development business which was partially mitigated by the strong performance of our leasing and hospitality business. We invested a total of CHF23 billion on capital expenditures in line with our original 2026 plans with a notable increase in investments in leasing assets a...