Cebu Landmasters Posts Double-Digit Earnings Growth in 1H 2025, Sets P29B Pipeline with 12 New Projects

​Leading developer in VisMin Cebu Landmasters, Inc. (CLI) reported a robust first half, with consolidated net income rising 13% year-on-year to P2.49 billion, up from P2.21 billion in the same period last year, fueled by sustained sales momentum, improved revenue recognition, and faster project completions across the region.

​Consolidated revenues rose 5% to P11.87 billion, with real estate sales remaining the primary contributor. Complimenting this, the company's diversification strategy delivered strong gains, as recurring income from hotel operations surged 132% , while leasing revenues advanced 53%.

"Our strong performance in the first half of the year reflects the disciplined execution of our growth strategy and our deep commitment to addressing the housing needs of the VisMin market. Despite continued economic headwinds, CLI remains well-positioned, consistently generating high-quality earnings and delivering value to our stakeholders,” said CLI Chairman and Chief Executive Officer Jose Soberano III.

“The robust reception of our recent launches–marked by strong take-up and early buyer engagement–demonstrates the sustained real demand in our markets and reinforces the sound fundamentals behind our long-term growth strategy,” added Soberano.

Residential Demand Remains Strong

CLI's projects continue to demonstrate strong market traction, with reservation and estate sales reaching P14.3 billion, a 3% increase from last year. The flagship economic housing brand Casa Mira along with best-selling Garden Series are driving performance, achieving a 90% sell-out rate for units launched in the first half of 2025.

Notably, One Manresa Place which launched earlier this year, sold over 90% of its units and generated over P5 billion in sales within just 2 weeks. Likewise, Casa Mira Gensan, which was launched in June, has already reached an 85% sell-out rate. These are clear indicators of robust demand and buyer confidence in CLI’s offerings.

Robust Balance Sheet and Strategic Growth

By June 2025, CLI’s total assets stood at P125 billion, driven by ongoing project build-up and strategic land acquisitions. The broader asset base allowed the company to cater to expanding demand and scale up development in new growth cities while maintaining a balanced approach to funding.

The listed company has 127 developments with 105 property-for-sale projects and an expanding list of income-generating properties, including 10 hotels and 6 offices in its portfolio. This is all part of a broader plan to evolve into a more balanced and diversified real estate leader.

Accelerating growth with P29 billion in 12 new projects

Building on this powerful momentum, CLI is gearing up for a busy second half of the year, with 12 new projects worth P29 billion in the pipeline. These developments will bring new residential, mixed-use, and hotel properties to key areas like Cebu, Davao, General Santos, Ormoc, and Palawan.

Over the next three months, the company will launch a fresh wave of seven new projects in rapidly urbanizing areas, including Metro Cebu, Palawan, the Davao Region, and South Mindanao. These developments are strategically designed to cater to the expanding demand for quality housing in these high-growth communities. The company will wrap up the last quarter of 2025 with five additional residential developments. These upcoming projects in Metro Cebu, Northern Cebu, and Eastern Visayas are expected to deepen CLI’s footprint across VisMin while extending its reach to underserved but high-potential areas.

CLI Chief Operating Officer Jose Franco Soberano highlighted: “We’re encouraged by the sell out success of our earlier launches, which reflects strong, sustained demand across our VisMin markets. This momentum supports our robust launch calendar for the second half, aligned with CLI’s confidence in the region’s resilience and our commitment to serving diverse housing needs across price segments. At the same time, we are actively scaling up our Luzon operations in preparation for our first project launch in the region by 2026.”

CLI is a leading developer in Visayas and Mindanao, specializing in residential, office, hotel, resort, co-living, mixed-use, and township projects.