Ayala Land (ALI) AGM 2025 summary

Opening remarks and agenda

• The meeting was held virtually, with all key executives, directors, and external auditors present, and stockholders notified through multiple channels.

• The agenda included compliance confirmation, voting on seven resolutions, management's 2024 performance report, 2025 outlook, and a Q&A session.

Overview of voting outcomes

• All seven resolutions were approved, including the previous AGM minutes, ratification of board acts, amendment to decrease authorized capital stock, approval of the Performance Shares Plan, election of directors, appointment of Isla Lipana & Co. as auditor, and approval of 2024 audited financial statements.

• The amendment to decrease authorized capital stock involved retiring 1 billion treasury shares.

• The Performance Shares Plan was approved to align talent engagement with growth strategy.

Financial performance review

• Revenues reached a record PHP 180.7 billion, up 21% year-on-year and 7% above pre-pandemic levels.

• Net income grew 15% to PHP 28.2 billion, exceeding targets.

• PHP 7.4 billion in cash dividends and PHP 7.4 billion in share buybacks returned 60% of prior year net income to shareholders.

• Capital expenditures totaled PHP 84.6 billion, with 58% for residential/leasing and 26% for land development.

• EBIT margins remained healthy at 33%, and return on equity reached 9.9%.