Ayala Land, Inc. (ALI) plans to accelerate its spending in the second half of 2024 to support the recovery of private construction. In the first half, the company spent PHP36.5 billion, primarily on residential projects. ALI aims to reach a capital expenditure target of PHP100 billion for the year, close to its pre-pandemic spending levels.
ALI’s revenues increased by 28% to PHP84.3 billion, and net income grew by 15% to PHP13.1 billion in the first half of 2024. The company’s growth is driven by strong residential sales and a focus on capital efficiency.
