Rockwell Q1 profit surges on strong revenue growth

MANILA, Philippines — Rockwell Land Corp. of the Lopez Group saw its earnings surge by more than half in the first quarter, fueled by robust revenue growth across core business segments.

Rockwell’s net income attributable to the parent company jumped by 67 percent to P1.29 billion during the quarter from P773 million in the same quarter in 2025.

Consolidated net income during the three-month period also climbed by 52 percent to P1.43 billion from P943 million.

Rockwell said that steady demand for premium, integrated communities continues to support the company’s growth.

Revenues generated from January to March amounted to P6.46 billion, up by 45 percent from last year’s P4.46 billion.

Residential development accounted for 75 percent of total revenues, while commercial development accounted for 25 percent.

Residential development revenues stood at P4.85 billion, supported by real estate sales and project accomplishments from Edades West and Cabo San Diego.

Commercial revenues reached P1.6 billion, 55 percent higher year-on-year driven primarily due to the start of recognition of Alabang Commercial Center.

Within the commercial portfolio, retail operations accounted for P1.14 billion, a 74-percent jump from last year, resulting from higher occupancy levels, improved average rental rates and the integration of the Alabang assets.

“Backed by this strong start to 2026, Rockwell Land remains focused on strengthening its developments across key cities and emerging growth areas nationwide,” the company said.

Rockwell is known for its flagship mixed-use development, Rockwell Center Makati, which is anchored by the Power Plant Mall, regarded as a premium retail and lifestyle destination in the country.