Filinvest Land Q1 net profit rises 3% to P905 million

GOTIANUN-LED Filinvest Land, Inc. (FLI) grew its first-quarter (Q1) attributable net income by 3% to P905 million, led by its residential and commercial portfolio.

Consolidated net income improved by 8% to P1 billion while consolidated revenue and other income climbed by 12% to P6.04 billion, FLI said in a stock exchange disclosure on Tuesday.

Residential real estate revenue rose by 9% to P3.7 billion led by activity in South Luzon, Visayas, and Mindanao.

Leasing revenue increased by 17% to P2.06 billion on steady leasing demand across the company’s office and retail portfolio. Retail leasing revenue went up by 8% to P638 million while office leasing revenue grew by 19% to P1.27 billion.

“Our focus on ready-for-occupancy sales is driving stronger residential revenues and better asset returns. For retail and office leasing, we’re combining targeted rent strategies with tighter cost control to boost occupancy and earnings before interest, taxes, depreciation, and amortization,” FLI President and Chief Executive Officer Tristaneil D. Las Marias said.

“We’re also fast-tracking the opening of our new malls in Activa Cubao and Mimosa Clark, both drawing strong tenant interest due to prime locations,” he added.

Meanwhile, FLI said it remains focused on sustaining its growth trajectory in the coming quarters.

“The solid performance of our residential projects in VisMin and Luzon outside NCR continues to fuel overall growth in 2025. With strong fundamentals and an agile approach, we are well-positioned to build on this momentum,” Mr. Las Marias said.

FLI shares fell by 6.25% or five centavos to 75 centavos apiece on Tuesday. — Revin Mikhael D. Ochave