Rockwell Land, the company behind the high-end Rockwell Center and the Alabang Town Center (ATC), saw its profit jump almost 28% on residential and leasing gains, according to a news report by BusinessWorld.
To put things in perspective, posted below is the excerpt from the business news report of BusinessWorld. Some parts in boldface…
ROCKWELL LAND Corp. reported a 27.6% increase in attributable net income to P4.73 billion for 2025 from P3.71 billion in 2024, driven by higher residential revenues, growth in leasing income, and gains from the acquisition and consolidation of Alabang Commercial Corp. (ACC).
Total consolidated revenues rose 3.9% to P20.87 billion from P20.09 billion a year earlier, with residential sales accounting for about 75% of revenues, while commercial leasing contributed around 21%, the company said in its annual report released on Wednesday.
Residential revenues increased by 5% on higher project completion, while retail and leasing income grew 6% due to improved rental rates and occupancy.
Earnings were also supported by “the gain on the acquisition and consolidation of ACC” and increased contributions from affiliates.
Expenses rose during the period, with selling expenses increasing 9% due to higher sales bookings and project completions, while interest expense went up 11% on higher borrowing costs and loan balances.
Cost of real estate declined by 5%, partly offsetting the increase in expenses, while interest income fell 18% due to lower returns on contract receivables and short-term placements.
Income before tax rose to P6.72 billion from P5.30 billion in 2024. Provision for income tax increased to P1.41 billion, bringing net income to P5.31 billion for the year.
Reservation sales jumped 62% to P25.3 billion, driven by “strong demand for newly launched projects.”
Let me end this post by asking you readers: What is your reaction to this recent development? Considering the more expensive fuel prices in connection with the ongoing conflicts in the Middle East, do you think Rockwell will still be able to achieve strong growth this year? Do you think they will soon announce a redevelopment of the Alabang Town Center?
You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.
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