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 Industrial Corp. (ACC).
Total consolidated revenues rose 3.9% to P20.87 billion from P20.09 billion a 12 months earlier, with residential sales accounting for about 75% of revenues, while business leasing contributed around 21%, the corporate said in its annual report released on Wednesday.
Residential revenues increased by 5% on higher project completion, while retail and leasing income grew 6% because of 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 throughout the period, with selling expenses increasing 9% because of 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 rise in expenses, while interest income fell 18% because of 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 12 months.
Reservation sales jumped 62% to P25.3 billion, driven by “strong demand for newly launched projects.”
The corporate’s business segment posted a 4% increase in revenues to P4.4 billion on higher leasing income supported by improved tenant sales and rental rates.
Shares of Rockwell Land rose 5.24% to shut at P2.01 each, based on data from the Philippine Stock Exchange. — Alexandria Grace C. Magno