Ayala Land Income Statement

Financials in millions PHP. Fiscal year is January - December.

Millions PHP. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	172,958	176,533	145,501	123,051	96,145	85,965
Other Revenue	4,398	4,205	3,356	3,505	9,998	10,307
Revenue	177,356	180,738	148,857	126,556	106,143	96,273
Revenue Growth (YoY)	1.26%	21.42%	17.62%	19.23%	10.25%	-42.96%
Cost of Revenue	104,296	110,647	87,661	76,035	65,024	57,006
Gross Profit	73,060	70,091	61,196	50,520	41,118	39,267
Selling, General & Admin	9,135	8,777	8,388	6,858	6,156	7,679
Other Operating Expenses	3,444	2,540	2,849	3,996	3,456	3,789
Operating Expenses	12,578	11,317	11,237	10,854	9,612	11,468
Operating Income	60,482	58,773	49,959	39,667	31,506	27,799
Interest Expense	-16,366	-15,152	-13,079	-11,021	-10,579	-12,301
Other Non Operating Income (Expenses)	-699.46	-699.46	-419.59	-425.76	-459.1	-444.49
EBT Excluding Unusual Items	43,416	42,922	36,460	28,220	20,468	15,053
Gain (Loss) on Sale of Investments	-152.17	-152.17	-	-	-	-
Asset Writedown	-	-	-	-	-180.56	-
Pretax Income	43,264	42,770	36,460	28,220	20,288	15,053
Income Tax Expense	8,549	8,534	7,457	5,696	4,628	4,059
Earnings From Continuing Operations	34,715	34,236	29,004	22,524	15,659	10,994
Minority Interest in Earnings	-6,262	-6,004	-4,496	-3,907	-3,431	-2,267
Net Income	28,453	28,233	24,508	18,617	12,228	8,727
Preferred Dividends & Other Adjustments	78.74	78.74	78.74	62.04	62.04	62.04
Net Income to Common	28,375	28,154	24,429	18,555	12,166	8,665
Net Income Growth	4.32%	15.20%	31.64%	52.25%	40.12%	-73.70%
Shares Outstanding (Basic)	14,531	14,799	14,978	14,778	14,725	14,721
Shares Outstanding (Diluted)	14,553	14,821	14,986	14,783	14,727	14,724
Shares Change (YoY)	-2.03%	-1.10%	1.37%	0.38%	0.02%	-0.16%
EPS (Basic)	1.95	1.90	1.63	1.26	0.83	0.59
EPS (Diluted)	1.95	1.90	1.63	1.26	0.83	0.59
EPS Growth	6.53%	16.56%	29.82%	51.97%	40.37%	-73.80%
Free Cash Flow	39,372	26,388	19,540	21,924	4,711	-15,606
Free Cash Flow Per Share	2.71	1.78	1.30	1.48	0.32	-1.06
Dividend Per Share	0.582	0.496	0.373	0.271	0.280	0.260
Dividend Growth	17.19%	33.20%	37.64%	-3.32%	7.69%	-50.00%
Gross Margin	41.19%	38.78%	41.11%	39.92%	38.74%	40.79%
Operating Margin	34.10%	32.52%	33.56%	31.34%	29.68%	28.88%
Profit Margin	16.00%	15.58%	16.41%	14.66%	11.46%	9.00%
Free Cash Flow Margin	22.20%	14.60%	13.13%	17.32%	4.44%	-16.21%
EBITDA	69,651	68,237	58,763	48,645	39,703	37,372
EBITDA Margin	39.27%	37.76%	39.48%	38.44%	37.41%	38.82%
D&A For EBITDA	9,169	9,463	8,804	8,978	8,197	9,573
EBIT	60,482	58,773	49,959	39,667	31,506	27,799
EBIT Margin	34.10%	32.52%	33.56%	31.34%	29.68%	28.88%
Effective Tax Rate	19.76%	19.95%	20.45%	20.18%	22.81%	26.96%
Revenue as Reported	177,356	180,738	148,857	126,556	106,143	96,273
Advertising Expenses	-	91.3	104.46	70.26	53.27	42.97

Source: S&P Global Market Intelligence. Standard template. Financial Sources.