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Lopezes’ Rockwell Is Doing Quite Well—Although Leverage Ticked Higher

  The Lopez-controlled developer posts 46% earnings growth as residential sales and recurring commercial income accelerate; borrowings rise to pre-fund an expanding project pipeline **MANILA—**Rockwell Land Corp. is building more, earning more and returning more cash to shareholders. It is also borrowing more heavily to keep the expansion moving. The Lopez-controlled property developer reported ₱3.03 billion in consolidated net income for the first half of 2026 , up 46% from ₱2.07 billion a year earlier. Revenue climbed 41% to ₱13.57 billion , powered by stronger residential sales and a sharp increase in commercial income following the consolidation of Alabang Commercial Corp. Net income attributable to Rockwell Land’s parent shareholders rose 42% to ₱2.71 billion , while earnings per share increased to ₱0.44 from ₱0.31. The results show a developer successfully translating construction progress into reported earnings. They also reveal the growing financial demands of Rockwell’s de...