Cebu Landmasters reports robust Q1 2025 performance

VisMin developer Cebu Landmasters Inc. (CLI) posted a strong start in 2025, recording a 12 percent hike in net income to P1.32 billion in the first quarter. This was driven by geographic expansion, steady project execution, and sustained demand across key Visayas and Mindanao markets.

Consolidated revenues grew by 4 percent to P6.51 billion in the same period last year, with property sales accounting for 97 percent of total revenues. Real estate sales increased to P6.32 billion, supported by ongoing construction progress and resilient demand for residential lots.

Gross profit for the quarter reached P3.53 billion, up 13 percent from last year, translating to a 54 percent gross profit margin. Attributable net income to parent stood at P995 million.

Reservation sales similarly rose to P6.3 billion from P5.3 billion. According to CLI, it launched P6 billion worth of new residential inventory during the quarter, with projects in Cebu and Cagayan de Oro (CDO) contributing significantly to reservation sales. CLI cited strong take-up driven by housing demand in the VisMin region.

“We benefit from our deep market knowledge and operational agility. Demand remains resilient in the VisMin region and Cebu Landmasters continues to offer value-for-money products well-suited to the needs of the homebuyers,” said CLI chairman and CEO Jose R. Soberano III.

Meanwhile, CLI’s recurring income segments also posted significant gains. Combined revenues from the company’s hotel and leasing businesses rose by 113 percent to P157 million in the first quarter.

Hospitality revenues surged 161 percent to P105 million, driven by improved occupancy rates across three hotels launched in 2024. Meanwhile, leasing income climbed 56 percent to P54 million, supported by the turnover of newly occupied office and retail spaces. CLI plans to double its number of operational hotels by the end of 2025.

In alignment with its long-term expansion strategy, CLI is strategically penetrating high-potential markets across Luzon and the National Capital Region (NCR), while simultaneously consolidating its dominant market position in underserved regional centers.

“We’re building more than just developments, we’re shaping communities in VisMin and soon, Luzon. Our strong start reflects the depth of demand in the regions we serve and the strength of our on-the-ground execution. 2025 will be about scaling our impact where it matters most,” Soberano said.