Ayala Land Adr (AYAAY) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, everyone. Thank you for joining us today and welcome to Ayala Land's full year 2025 briefing. Let me begin by introducing our panel. Me and Dee, President and CEO, Jed Kimpo, CFO and Treasurer, Mike Hugo, Head of the Premium Residential Business Group, Arianna Zabel de Ayala, Group Head for Leasing and Hospitality. We're also joined today by members of our Management Committee. Robert Lau, Head of Strategic Growth, New Ventures, and Central Land Acquisition. Darwin Salipsip, Group Head of Construction Management. Raquel Cruz, Head of the Core Residential Business Group. And Isa Sagun, Chief Human Resource Officer. We'd like to acknowledge the presence of our broader management team. Please note that the press release and presentation materials are available on our Investor Relations website. For any questions that we 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, Chad Kimpo, for his presentation. Thanks, Joe. Again, good afternoon to everyone, and thank you for joining us this afternoon for our full year 2025 analyst briefing. Allow me to present the key highlights of our 2025 financial and operating results, and then I will give the floor to our CEO. We are pleased to report that Ayala Land delivered total revenues of 190.2 billion, up 5% versus prior year, and net income of 39.1 billion, up 39% versus prior year. Excluding gain from our sale of our 50% stake in Alabang Commercial Corporation and what we call as core revenues, Core revenues amounted to $178.9 billion, just 1% below prior year, and core net income reached $30.6 billion, up 8% versus prior year. We invested in capital expenditures totaling $92.9 billion, up 10% versus prior year...