Ayala Land Income Statement

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

Millions PHP. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	160,952	174,452	176,533	145,501	123,051	96,145
Other Revenue	16,658	15,758	4,205	3,356	3,505	9,998
Revenue	177,611	190,211	180,738	148,857	126,556	106,143
Revenue Growth	0.14%	5.24%	21.42%	17.62%	19.23%	10.25%
Cost of Revenue	94,735	103,035	110,647	87,661	76,035	65,024
Gross Profit	82,876	87,176	70,091	61,196	50,520	41,118
Selling, General & Admin	9,623	9,523	8,777	8,388	6,858	6,156
Other Operating Expenses	2,760	2,760	2,726	2,732	3,996	3,456
Operating Expenses	12,384	12,284	11,503	11,120	10,854	9,612
Operating Income	70,492	74,892	58,588	50,076	39,667	31,506
Interest Expense	-16,515	-16,615	-15,152	-13,079	-11,021	-10,579
Other Non Operating Income (Expenses)	-752.35	-652.35	-699.46	-419.59	-425.76	-459.1
EBT Excluding Unusual Items	53,224	57,624	42,737	36,578	28,220	20,468
Gain (Loss) on Sale of Investments	-536.59	-536.59	-152.17	-	-	-
Asset Writedown	-1,016	-1,016	185.62	-117.31	-	-180.56
Pretax Income	51,672	56,072	42,770	36,460	28,220	20,288
Income Tax Expense	9,518	10,518	8,534	7,457	5,696	4,628
Earnings From Continuing Operations	42,154	45,554	34,236	29,004	22,524	15,659
Minority Interest in Earnings	-6,933	-6,433	-6,004	-4,496	-3,907	-3,431
Net Income	35,221	39,121	28,233	24,508	18,617	12,228
Preferred Dividends & Other Adjustments	78.74	78.74	78.74	78.74	62.04	62.04
Net Income to Common	35,142	39,042	28,154	24,429	18,555	12,166
Net Income Growth	23.85%	38.67%	15.25%	31.66%	52.52%	40.40%
Shares Outstanding (Basic)	14,292	14,457	14,799	14,978	14,778	14,725
Shares Outstanding (Diluted)	14,292	14,465	14,821	14,986	14,783	14,727
Shares Change	-1.80%	-2.40%	-1.10%	1.37%	0.38%	0.02%
EPS (Basic)	2.46	2.70	1.90	1.63	1.26	0.83
EPS (Diluted)	2.46	2.70	1.90	1.63	1.26	0.83
EPS Growth	26.09%	42.10%	16.56%	29.82%	51.97%	40.37%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Free Cash Flow	-	18,389	26,388	19,540	21,924	4,711
Free Cash Flow Per Share	-	1.27	1.78	1.30	1.48	0.32
Dividend Per Share	0.670	0.582	0.496	0.373	0.271	0.280
Dividend Growth	15.15%	17.19%	33.20%	37.64%	-3.32%	7.69%
Gross Margin	46.66%	45.83%	38.78%	41.11%	39.92%	38.74%
Operating Margin	39.69%	39.37%	32.42%	33.64%	31.34%	29.68%
Profit Margin	19.79%	20.53%	15.58%	16.41%	14.66%	11.46%
Free Cash Flow Margin	-	9.67%	14.60%	13.13%	17.32%	4.44%
EBITDA	81,019	84,898	68,051	58,881	48,645	39,703
EBITDA Margin	45.62%	44.63%	37.65%	39.55%	38.44%	37.41%
D&A For EBITDA	10,527	10,006	9,463	8,804	8,978	8,197
EBIT	70,492	74,892	58,588	50,076	39,667	31,506
EBIT Margin	39.69%	39.37%	32.42%	33.64%	31.34%	29.68%
Effective Tax Rate	18.42%	18.76%	19.95%	20.45%	20.18%	22.81%
Revenue as Reported	190,211	190,211	180,738	148,857	126,556	106,143
Advertising Expenses	-	100.09	91.3	104.46	70.26	53.27