Cebu Landmasters Powers Ahead: Strong Q3 Results Signal Sustained Growth

Cebu City, Philippines – Cebu Landmasters, Inc. (CLI), the VisMin real estate leader, delivered another quarter of resilient growth, reinforcing its position as one of the country’s fastest-expanding developers. For the nine months ended September 30, 2025, CLI posted ₱14.34 billion in consolidated revenues, up 13% on a comparable basis, and a net income of ₱3.10 billion, marking a 6% year-on-year increase despite a challenging macro environment.

The company’s recurring income streams surged, with hospitality revenues doubling (+101%) and leasing income climbing 49%, underscoring CLI’s successful diversification beyond residential projects. Its hotel portfolio now spans four operational properties, including the newly opened Citadines Bacolod City, with two more hotels set to launch before year-end and six under construction—solidifying CLI’s future REIT ambitions.

Residential demand remains robust, with reservation sales soaring 27% to ₱19.33 billion and an impressive 93% sell-out rate across its portfolio. The mid-market Garden Series led growth with a 31% revenue jump, while the economic Casa Mira Series continued to dominate VisMin’s affordable housing segment.

CLI’s balance sheet remains strong, with total assets up 18% to ₱128.72 billion and a current ratio of 1.51x, comfortably meeting all debt covenants. Strategic funding moves—including a ₱5 billion sustainability-linked bond issuance and ₱1.59 billion redeemable preferred shares—position the company to accelerate expansion while maintaining financial flexibility.

Investor confidence is high, buoyed by CLI’s consistent dividend payouts (₱0.18 per share in April) and a share price of ₱2.32, translating to an attractive ~7.8% yield. With recurring income scaling rapidly, a strong pipeline of projects, and VisMin market leadership reaffirmed by Colliers, CLI is poised for sustained growth and value creation.

Bottom line: CLI’s Q3 performance signals a compelling growth story—anchored on robust residential demand, rising recurring income, and disciplined financial management. For investors seeking exposure to VisMin’s booming property market, CLI remains a standout pick.

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