en.Wedoany.com Reported - Philippine AyalaLand Logistics Holdings Corp. saw its net profit for the first quarter of 2026 decline by 92.4% year-on-year, falling from 66 million pesos in the same period last year to 5 million pesos. Consolidated revenue dropped 16.5% from 868 million pesos to 725 million pesos.

The company stated that revenue from industrial lot sales amounted to 165 million pesos, a 58% decrease from last year's 394 million pesos, reflecting the completion status of earlier projects. Sales reservations reached 517 million pesos, a 46% year-on-year increase, and these pre-sales are expected to be recognized within the year as payment milestones are met and projects progress.

Leasing revenue grew 19% year-on-year to 551 million pesos, driven by improved overall portfolio occupancy. Warehouse leasing revenue was 202 million pesos, up 7% year-on-year. Cold storage revenue reached 118 million pesos, a 157% year-on-year increase, with higher utilization rates across various facilities. Commercial leasing revenue remained stable at 231 million pesos.

Robert Lao, President and CEO of AyalaLand Logistics Holdings Corp., said: "In a more cautious market environment, we continue to see interest in our tech park development projects, reflected in the improvement in pre-sales. Despite a near-term moderation in profitability, our leasing assets continue to provide stability, while we maintain disciplined execution across our portfolio and adopt a more prudent approach to capital deployment."

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