MANILA, Philippines — Property developer Rockwell Land Corp., led by the Lopez group, announced a significant financial milestone for 2025, reporting a net income of P5.3 billion. This figure represents a robust 29 percent increase compared to the previous year, a surge partly attributed to a one-time accounting gain from a major strategic acquisition.
According to the company's annual report released on Wednesday, approximately P680 million of the total earnings stemmed from the acquisition of Alabang Commercial Corp. (ACC), the entity that owns the prominent Alabang Town Center complex.
Net income attributable to the parent company rose to P4.73 billion from P3.71 billion in the prior period.
The company's revenue saw a modest uptick to P20.87 billion from P20.09 billion, while operating expenses were successfully reduced to P13.31 billion from P13.64 billion. Consequently, income before tax climbed to P6.72 billion from P5.3 billion, and earnings per share improved to P0.77 from P0.61.
Strategic Expansion Bolsters Portfolio
A key driver behind the year's performance was Rockwell's P21.6-billion purchase of ACC from Ayala Land. This landmark deal significantly expanded the company's commercial footprint, adding roughly 137,000 square meters of leasable space to its portfolio.
This acquisition boosted Rockwell's retail and office holdings by an impressive 58 percent, substantially strengthening its foundation for recurring income. The company now holds a controlling 74.8 percent stake in ACC, which includes the Alabang Town Center and the adjacent ATC Corporate Center.