AyalaLand Logistics FY 2024 Net Income Rises to P701 Million

​AyalaLand Logistics Holdings Corp. (ALLHC), an Ayala Land, Inc. (ALI) subsidiary, saw sustained growth continued its expansion to cater to the robust demand on its industrial parks and real estate logistics businesses. The company registered consolidated revenues of P5.2 billion and a net income of P701 million, a 48% and 10% increase year-on-year, respectively

Sales industrial lots totaled P3.3 billion, largely driven by Laguindingan Technopark in Misamis Oriental and increased completion progress for developing industrial estates.

Revenues from leasing businesses reached P1.8 billion, supported by solid performance across warehouse, cold storage, and commercial assets.

Warehouse revenues amounted to P761 million from additional gross leasable area (GLA) and improved occupancy. ALLHC ended the year with a total warehouse GLA of 340,000 sq.m., an 8% increase from 314,000 sq.m. of warehouse GLA from deliveries in ALogis Calamba and Naic, which includes the company's first build-to-suit facility. During the second quarterm, ALLHC commenced construction of the second phase of its ALogis Mabalacat facilities in Pampanga Technopark which will add 18,000 sq.m. to the warehouse investory at full completion.

Meanwhile, cold storage revenues registered at P164 million. ALLHC launched two cold storage facilities in 2024 with opening of Artico Santo Tomas in Batangas in May and Artico Mabalacat in December. Nearly doubling its capacity, ALLHC closed the year with a pallet position count of 20,300 versus 10,300.

Commercial leasing posted P919 million in revenues on the back of improved mall occupancies and steady office tenancy.

"Our success in 2024 reaffirm the strength of our strategy and our ability to execute across our  businesses," said ALLHC President and CEO Robert S. Lao. "As we look ahead, we remain steadfast in expanding our capacity, broadening our industrial real estate network, and scaling our market presence to support sustainable growth."

For the year 2025, the company will augment its growth by increasing its industrial park footprint with expansions for existing Technoparks. ALLHC likewise expects the warehouse leasing and cold storage segments to grow with the addition of new sites and facilities to he leasing portfolio.

AyalaLand Logistics Holdings Corp., (ALLHC), is the leading developer and operator of industrial parks and real estate logistics facilities in the Philippines.