OLIVAREZ-LED Ovialand, Inc. (OLI) is expecting revenues to grow by 25% this 12 months amid strong sales in its housing projects.
“We’re expecting about 25% revenue growth in 2025,” OLI President and Chief Executive Officer (CEO) Pammy Olivares-Vital said on the sidelines of an event late Monday.
“As of today, we’re already at 20% growth; so, we’re expecting a bit more until the 12 months ends,” he added.
For 2026, OLI projects a 20% growth in revenues, Ms. Vital said, driven by sales in its 4.2-hectare housing project in Bulacan, Anara, which the corporate broke ground earlier this 12 months.
Anara is the third three way partnership project with Japanese firm Leben Co. Ltd., which makes a speciality of condominium development, real estate leasing, and distribution.
“The project will bring Ovialand’s signature Premier Family Living experience — offering premium finishes, efficient precast construction, and the HousEasy service commitment — to this rapidly growing Central Luzon community,” OLI said in an announcement.
Ms. Vital noted that the corporate has a “pessimistic but not fearful outlook” for next 12 months, citing challenges comparable to a decline in public infrastructure spending that has slowed consumer spending.
“I feel, where we’re immediately, it’s not going to be overnight for us to select up again,” she said.
“I’m just expecting that folks are going to be more cautious and meticulous with spending, especially for a big-ticket investment like a house. But we’re still targeting aggressive growth next 12 months,” she added.
The corporate reported a 37% increase in its consolidated net income to P420 million in the primary half, driven by demand for premium-affordable homes.
OLI also recorded a 20% rise in first-half revenues to P1.1 billion, led by strong sales in its Laguna and Bulacan projects. — Beatriz Marie D. Cruz