Leisure estate and gaming firm Belle Corp. reported a 13% rise in first-quarter net income to P524 million, fueled by stronger contributions from its gaming and real estate segments.
The SM Group portfolio company said revenues grew 9% to P1.42 billion in the first three months of 2026, driven by sustained performance in core businesses.
Belle's share in gaming revenues from City of Dreams Manila, primarily via subsidiary Premium Leisure Corp., increased 12% to P486 million from P433 million a year earlier. Lease revenues from the property remained steady at P588 million, while real estate revenues from Tagaytay Highlands surged 57% to P143 million. Income from distribution utilities within the estate also rose 18% to P72 million.
Pacific Online Systems Corp., a 50.1%-owned unit, contributed P129 million in revenues during the quarter.
The company highlighted its diversified revenue streams—gaming, leasing, and real estate—as key to sustaining earnings growth amid evolving market conditions. Belle remains a major player in integrated resorts and leisure developments, anchored by City of Dreams Manila and Tagaytay Highlands, and continues to benefit from long-term lease arrangements with Melco Resorts and Entertainment.