Cebu Landmasters, Inc. (CLI), a major real estate company operating in the Visayas and Mindanao regions, has reported strong financial results for the first three months of 2026. According to the company’s disclosure, they earned ₱6 billion in revenues during the first quarter, which is 20% higher compared to the ₱5 billion they made during the same period last year.
What Does This Mean in Simple Terms?
Think of Cebu Landmasters as a company that builds houses, condominiums, hotels, and shopping areas. When they build these properties and sell them to people, they earn money. In the first quarter of 2026 (January to March), they earned more money than they did in the same months of 2025 because they made good progress in building and selling their projects.
Where Did the Money Come From?
Most of CLI’s revenue—about ₱5.8 billion—came from selling real estate properties, specifically residential projects (places where people live). As the company builds more of their ongoing projects, they can recognize or officially count more of their sales as revenue. This is called “percentage-of-completion,” which means they earn money step-by-step as they complete more of the construction work.
How Much Profit Did They Make?
The company posted a consolidated net income (the profit after all expenses) of ₱1 billion in the first quarter of 2026. For the parent company shareholders specifically, the net income was ₱881 million.
It’s important to note that in the same period last year (first quarter of 2025), CLI had a special one-time gain of ₱0.9 billion from selling an investment property. This was extra money that didn’t come from their regular business. Since they didn’t have this special gain in 2026, comparing the two periods shows that their core business (building and selling homes) actually performed better this year even without that one-time bonus.
CLI’s gross profit (money earned before operating expenses) grew by 29% to ₱3.1 billion. Even better, their gross profit margin improved to 51% from 48%, which means they’re keeping more money from each sale. At the same time, their operating expenses only increased by 4%, and their finance costs (money spent on loans) actually went down by 5%.
Growing Income from Hotels and Rentals
Besides selling properties, Cebu Landmasters also earns “recurring income”—money that comes in regularly from businesses they operate. This includes:
- Hotel revenues: Grew 14% to ₱119 million
- Leasing revenues: Also increased 14% to ₱60 million (money from renting out commercial spaces)
- Management fees: Rose 19% to ₱31 million (fees from managing properties and communities)
A major highlight was the opening of the Radisson RED Cebu Mandaue, a new 144-room hotel at Astra Centre in Mandaue City, Cebu. This hotel adds to CLI’s growing collection of properties that generate regular income, helping the company build a more balanced and diversified business.
According to Jose Franco Soberano, CLI’s Senior Executive Vice President and Chief Operating Officer, “Our recurring income portfolio continues to gain traction as more assets come into operation. The opening of Radisson RED Cebu Mandaue is another step in building a stronger hospitality segment that complements our core residential business.”
How Big Is Their Property Portfolio?
As of the end of 2025, Cebu Landmasters had an impressive property portfolio consisting of:
- 107 projects
- 46,194 residential units (condos, houses, etc.)
- Total project value of ₱176 billion
- 92% of these properties were already sold, showing strong demand for their developments
Financial Health and Stability
The company maintained a strong financial position with total assets of ₱139.7 billion, up from ₱134.2 billion at the end of 2025. Their net debt-to-equity ratio improved to 1.59x from 1.66x, indicating better management of their borrowings relative to their equity. This means the company is being careful about how much they borrow while still having enough resources to continue building and expanding.
CLI Chairman and CEO Jose Soberano III stated, “CLI enters 2026 with a stable foundation and a clear focus on execution. As market conditions evolve, we will remain disciplined and agile in managing the business, while continuing to serve real housing demand in the communities where we operate.”
About Cebu Landmasters
Cebu Landmasters is one of the leading real estate developers in the Visayas and Mindanao regions. The company has more than 132 projects across 18 key cities in these areas, including residential buildings, commercial spaces, hotels, and mixed-use developments (properties that combine different uses like residential, office, and retail). The company is also expanding its reach into Luzon.
Source Note:This article is based on the company’s official press release and disclosures filed with the Philippine Stock Exchange’s Electronic Disclosure Generation Technology (PSE EDGE) system. For the complete and official version of the announcement, readers may visit the PSE EDGE website and search for the company’s filing directly.
