Vista Land’s net income climbs in Q1 2025 thanks to residential sales

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Manny Villar's Vista Land & Lifescapes' net income grew 5% in the first quarter amid its growing completion rate of sold inventories and cost efficiency

MANILA, Philippines – Vista Land & Lifescapes (Vista Land) of mogul Manny Villar saw its net income climb 5% to P3.4 billion in the first quarter.

In its quarterly report released on Tuesday, May 27, Vista Land posted a 5% increase in its revenues from P5.5 billion in the same period last year to P5.8 billion.

Vista Land cited the overall completion rate of its sold inventories, as well as the recognition of what it described as a “significant financing component” during the first quarter.

Revenues from Crown Asia Corporation, in particular, surged 66% to P740 million.

“This increase was principally attributable to the increase in the number of sold homes completed or under construction in the Mega Manila area in the upper middle-income residential segment during the period as well as the significant financing component recognized,” the Villar-owned developer said.

Crown Asia is Vista Land’s premium residential arm, with developments in Metro Manila and Southern Luzon.

Revenues from Brittany also jumped 20% to P573 million amid increasing sales in its high-end or upscale residential segment in Mega Manila.

Brittany is the Villar-owned firm’s luxury residential arm known for its Old American style developments. Some properties in its portfolio include Crosswinds in Tagaytay City and Portofino in Alabang.

Cost sufficiency also helped boost Vista Land’s bottomline this quarter. Operating expenses dropped 16% to just P2.8 billion, while cost of real estate sales decreased by 12% to just P1.7 billion.

Earlier this month, Vista Land announced that its subsidiary VLL International Incorporated secured a $150 million loan from Japan’s Sumitomo Mitsui Banking Corporation to repay its existing debt and fund its operating expenses.

Vista Land obtained the loan at an annual interest rate of around 6.41%. – Rappler.com