Ayaland Logistics Sees 10% Growth in Net Income, Reaches P701M in 2024

Title Ayaland Logistics Sees 10% Growth in Net Income, Reaches P701M in 2024

Ayaland Logistics Holdings Corp., a subsidiary of Ayala Land Inc. (ALI), has reported a net income of P701 million for 2024, representing a significant 10 percent increase from the previous year's P635 million.

This impressive growth is a testament to the company's ability to execute across its business segments, including industrial lots, leasing, and logistics services. Ayaland Logistics' consolidated revenues saw a substantial 48-percent surge to P5.2 billion in 2024, up from P3.51 billion in 2023.

The company's industrial lot sales drove growth, reaching P3.3 billion, fueled by strong demand for warehouse and logistics spaces in key locations such as the Laguindingan Technopark in Misamis Oriental. Ayaland Logistics' leasing business also demonstrated significant gains, with net revenues reaching P1.8 billion.

In terms of specific metrics, Ayaland Logistics' total warehouse gross leasable area grew by 8 percent to 340,000 square meters (sqm) from 314,000 sqm. The company is poised for further growth in this segment, with the launch of the second phase of its Alogis Mabalacat facilities, which will add an additional 18,000 sqm to its warehouse inventory.

Ayaland Logistics also expanded its cold storage capacity, nearly doubling its pallet positions to 20,300 from 10,300 with the launch of two new facilities. This increased capacity is expected to drive growth in the logistics sector.

We are thrilled about our performance in 2024, said Robert Lao, President and CEO of Ayaland Logistics Holdings Corp. Our success is a testament to the strength of our strategy and our ability to execute across our business segments.

Looking ahead, Ayaland Logistics plans to increase its industrial park footprint through expansions for existing technoparks and expects further growth in its warehouse and cold storage businesses.

On the stock market front, ALLHC shares closed Friday down 2 centavos, or 1.25 percent, to P1.58 apiece. ALI shares were also down, closing at P23.25 apiece, a decline of 90 centavos, or 3.73 percent.

As the logistics sector continues to evolve and grow, Ayaland Logistics' performance in 2024 is a testament to its ability to adapt and thrive in this dynamic environment. With its focus on strategic expansion and growth, the company is well-positioned for continued success in the years to come.

Keywords Ayala Land Inc., Ayaland Logistics Holdings Corp., logistics services, industrial lots, warehouse spaces, cold storage capacity, technoparks, industrial park footprint.

Edward Lance Arellano Lorilla

CEO / Co-Founder

Enjoy the little things in life. For one day, you may look back and realize they were the big things. Many of life's failures are people who did not realize how close they were to success when they gave up.