Cebu Landmasters nine-month net income falls 15 per cent
Revenue declined 2 per cent to ₱14.1 billion, while the developer plans four more residential launches before the end of 2026.
Cebu Landmasters Inc. reported net income of ₱2.64 billion for the first nine months of 2026, a decline of 15 per cent. The Philippine property developer’s revenue slipped 2 per cent from a year earlier to ₱14.1 billion.
Net income attributable to the parent was ₱1.79 billion. Property sales contributed ₱13.40 billion in revenue, with hotels, malls and offices generating ₱593 million.
President and CEO Jose Franco Soberano said economic factors were weighing on the industry but cited the company’s position in Visayas and Mindanao. He said 94 per cent of its residential inventory across all projects had been sold, while the delinquency rate was 3 per cent. He attributed the sales level to end-user demand and a lack of oversupply.
The developer launched five projects during September and October, supported by overseas Filipino workers and end-users in Visayas and Mindanao. It plans another four residential launches before year-end in Cagayan de Oro, Butuan and Cebu.
Soberano said the company also plans to advance project completions and expand its mall, office and hospitality operations. Cebu Landmasters said buyer requirements and demand in its priority markets would guide future launches.
