Ayala Land Inc. (ALI) reported an 8% increase in leasing and hospitality revenues to P37.8 billion in the first nine months of 2026, strengthening its recurring-income businesses amid economic headwinds and property market challenges. The segments accounted for 36% of the company’s real estate revenues, up from 29% a year earlier, with hospitality posting the strongest growth at 20% to P8.9 billion. ALI recorded total revenues of P109.2 billion and net income of P17.5 billion during the period. The company said it is focusing on diversifying revenue streams, improving operational efficiency, and maintaining disciplined investments to strengthen its financial position. It also reduced its debt by P8.4 billion in the third quarter, bringing its net gearing ratio to 0.78 times.