AyalaLand Logistics posts ₱62-million Q3 profit as cold storage revenue jumps

AyalaLand Logistics Holdings Corp. (ALLHC) earned ₱62 million in consolidated net income in the third quarter of 2026, helping it recover from a weak first half, according to Mindanao Times.

The Ayala Land subsidiary, which develops industrial estates and logistics properties, credited the result to faster revenue recognition from industrial lot sales and steady leasing performance. The third-quarter gains narrowed its nine-month net income decline to 9 percent, or ₱73 million, on consolidated revenues of ₱2.5 billion. In the first half of the year, profit had been down 90 percent year-on-year.

ALLHC President and Chief Executive Officer Robert S. Lao said the quarter-on-quarter improvement showed progress in signing key tenants and meeting ongoing demand for industrial lots. "Moving forward, we remain focused on stabilizing and strengthening our overall portfolio," he said.

Total leasing revenue for the nine months reached ₱1.6 billion, up 9 percent from a year earlier. Cold storage led the gains, with revenue rising 76 percent to ₱355 million. The company attributed this to higher facility utilization and full-period contributions from newly added sites, including Artico Iloilo and Artico Urdaneta.

Dry warehouse leasing grew 5 percent to ₱585 million, supported by stable operations and better occupancy across the company's warehouses nationwide. Commercial leasing revenue, however, fell 7 percent to ₱646 million because of softer retail conditions.

Industrial lot sales brought in ₱903 million in recognized revenue. Reservations rose 23 percent year-on-year to ₱1.3 billion, which the company said points to steady revenue in the coming quarters.