Leading developer in VisMin Cebu Landmasters, Inc. (CLI) posted a strong start to 2025, with a consolidated net income rising by 12% year-on-year 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% to P6.51 billion in the same period last year, with property sales accounting for 97% 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% from last year, translating to a 54% gross profit margin—an improvement from 50% in the first quarter of 2024. Attributable net income to the parent stood at P995 million.
Reservation sales rose from P5.3 to 6.3 billion. The company 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,” said CLI Chairman and CEO Jose R. Soberano III. “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.”
CLI’s recurring income segments also posted significant gains. Combined revenues from the company’s hotel and leasing businesses rose by 113% to P157 million in the first quarter.
Hospitality revenues surged 161% to P105 million, driven by improved occupancy rates across three hotels launched in 2024. Meanwhile, leasing income climbed 56% 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, with four more completions in the pipeline.
CLI also maintained a solid financial position, ending the quarter with positive operating cash flows of P3.6 billion and a healthy net debt-to-equity ratio of 1.52. This supports its growth through strategic capital management and a focus on shareholder value.
The listed company has unveiled plans to deploy P36 billion for new project launches between 2025 and 2026, demonstrating its robust growth trajectory and commitment to strategic expansion. This significant capital allocation reinforces CLI’s position as a premier real estate developer with an aggressive development pipeline.
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.
CLI is a leading developer in Visayas and Mindanao, specializing in residential, office, hotel, resort, co-living, mixed-use, and township projects. To learn more about CLI and its projects, visit cebulandmasters.com/.
