Cebu Landmasters Inc. (CLI), a developer in the Visayas and Mindanao regions, delivered a solid performance in the first quarter of 2025, posting a 12% year-on-year increase in consolidated net income to PHP 1.32 billion.
The growth was attributed to the company’s strategic geographic expansion, consistent project execution, and resilient demand for residential developments in its core markets.
Consolidated revenues rose 4% to PHP 6.51 billion during the period, compared to PHP 6.26 billion in the same quarter last year.
Real estate sales remained the primary revenue driver, contributing PHP 6.32 billion, or 97% of total revenues.
This was supported by the sustained pace of construction activity across ongoing projects and continued demand for residential lots across key cities in the Visayas and Mindanao.
CLI said the robust financial results reflect its growing footprint across regional growth centers and the continued preference of homebuyers for high-quality, affordably priced housing outside Metro Manila.
The company’s diverse project portfolio — spanning vertical condominiums, subdivision developments, and mixed-use communities — has enabled it to capture a broad segment of the market.
The first-quarter performance also positions CLI on track to meet its full-year guidance, as it builds momentum from project launches in cities such as Cebu, Davao, Iloilo, Bacolod, and Cagayan de Oro.
Cebu Landmasters has consistently outpaced national peers in terms of regional presence and growth, establishing itself as a leading player outside the National Capital Region.
The company is expected to benefit from rising consumer demand in provincial cities, boosted by infrastructure investments, a growing middle class, and increasing urban migration.
CLI said it remains committed to expanding its development pipeline, enhancing construction efficiencies, and exploring new business opportunities, including its ventures in hospitality and estate development.
Business News Asia