Filinvest Land, Inc. (FLI) reported Php 6.04 billion in consolidated revenues for Q1 2025, up 12% year-over-year. Net income rose 8% to Php 1 billion, with parent-attributable income increasing 3% to Php 905 million.
Residential revenues grew 9% to Php 3.70 billion, driven by strong performance in CALABAR, Visayas, and Mindanao. Leasing revenues surged 17% to Php 2.06 billion. Residential gross profit margins improved to 53% from 49% in Q1 2024, while retail margins rose 3 percentage points to 54%
“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 EBITDA. 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. Meanwhile, the solid performance of our residential projects in VisMin and Luzon outside NCR continues to fuel overall growth in 2025,” said Tristan Las Marias, President and CEO of Filinvest Land.
The middle-income segment accounted for 79% of total residential revenues, posting 20% growth versus last year. Geographically, Luzon led with a 43% increase in residential sales, while VisMin posted 9% growth. RFO sales increased 12% under the Instahomes campaign, with 71% of units sold from pre-2017 inventory.
Retail leasing revenues reached Php 638 million, up 8% as occupancy rose from 68% to 75%. Office leasing revenues grew 19% to Php 1.27 billion, supported by an 18% increase in occupied GLA and improved FILRT occupancy.
FLI recently won Developer of the Year at the FIABCI Philippines Property and Real Estate Excellence Awards for the second consecutive year, along with ten other awards across various categories.
Looking ahead, Filinvest Land will strengthen its mass market housing portfolio, accelerate local sales channels, scale its international network, and continue prioritizing RFO sales through well-priced inventory, focusing on growth corridors outside NCR.
For further information, please contact Investor Relations at IR@filinvestland.com
