MANILA, Philippines — Ayala Land, Inc. (ALI) is adopting a more deliberate approach to capital deployment in 2026, recalibrating its capital expenditure program to approximately ₱50 billion to align investments with market conditions.
The revised capex level reflects a focus on priority developments and a more selective approach to new project launches, while ensuring the continued delivery of ongoing projects.
“The current environment requires a more deliberate approach to how we deploy capital and manage our pipeline,” said Anna Ma. Margarita Bautista-Dy. “We are actively reshaping our portfolio—scaling recurring income, delivering our existing projects, and positioning the business to emerge stronger and more balanced through the cycle.”
Ayala Land maintains a strong financial position, with a net gearing ratio of 0.81:1 and an interest coverage ratio of 4.6 times, providing flexibility to navigate evolving market conditions.
The company’s growing leasing and hospitality platform continues to support this discipline, generating steady cash flows that help fund capital expenditures while reducing reliance on incremental debt.
Leasing and hospitality revenues grew 9% year-on-year in the first quarter to ₱12.6 billion, reinforcing their role as a stabilizing component of the business.
“Our strategy for 2026 is clear: to expand our leasing and hospitality platform, maintain stability in property development, and preserve balance sheet strength,” Dy added.
In parallel, Ayala Land continues its active portfolio management strategy, reallocating capital toward higher-conviction and income-generating assets while maintaining a pipeline of projects with strong completion visibility.
The company remains in execution mode, with approximately 13,000 residential units scheduled for delivery this year, alongside continued expansion of its leasing portfolio.
