Ayala Land Cuts 2026 Capex as Q1 Profit Drops - BusinessWorld Online

Ayala Land cuts 2026 capex to P50B

MANILA, Philippines — Ayala Land Inc. (ALI) is cutting its 2026 capital spending plan as softer first-quarter results push the company to adopt a more cautious stance on expansion. ALI president and CEO Anna Ma. Margarita Bautista-Dy said in a media briefing on Thursday that the firm has “recalibrated” its capital expenditures (capex) to about […]...Keep on reading: Ayala Land cuts 2026 capex to P50B

Ayala Land cuts 2026 capex as Q1 profit drops - BusinessWorld Online

AYALA LAND, Inc. (ALI) reported a 21.74% drop in first-quarter net income to P5.4 billion and said it will scale back its 2026 capital expenditures (capex) to about P50 billion from an earlier P70-billion to P80-billion plan amid shifting market conditions. Revenues fell by 13.99% to P37.5 billion from P43.6 billion a year earlier, as weaker performance in the property development segment weighed on results, the company said in a disclosure on T…

Ayala Land cancels projects, lowers budget as uncertainty grows

Property giant Ayala Land Inc. slashed its capital expenditure budget for the year as geopolitical volatility in the Middle East forces the recalibration of its growth strategy. In an analysts’ briefing for its first quarter performance, ALI President and CEO Anna Ma. Margarita Bautista-Dy said the company reduced its spending guidance to ₱50 billion, a cut of as much as 38 percent from the ₱70 billion to ₱80 billion range it projected in Februa…