Sta. Lucia allots P5.9 billion for 2026 capex

MANILA, Philippines — Sta. Lucia Land Inc., the flagship property development arm of the Robles and Santos families’ Sta. Lucia Group, is earmarking P5.93 billion for capital expenditures this year to support the continued development of existing residential and commercial projects and to fund new projects.

Sta. Lucia intends to spend P4.82 billion for project development and P1.11 billion for land acquisitions.

The investments will support Sta. Lucia’s goal of emerging as the top real estate company in the country, not just in size, but also in terms of more high quality projects, growth, returns, and innovation.

Last year, Sta. Lucia allocated P3.53 billion for project and capital expenditures, of which P565 million was used to acquire raw lands for future developments and expansions of its existing horizontal and vertical projects.

The company said it remains committed to effectively managing its assets, optimizing sales and maintaining a solid balance sheet to support future expansion and uphold its strong financial position.

Sta. Lucia is also monitoring its cost structure to ensure sustainable growth and profitability.

“To this end, the company is actively exploring strategies to diversify its revenue streams while maintaining a prudent approach to borrowing. These efforts will be critical in addressing financial challenges and strengthening the group’s financial position for long-term success,” it said.

From January to March, Sta. Lucia’s net income increased by 1.2 percent to P949.37 million from the previous year’s P938.05 million.

Revenue, however, decreased by six percent year-on-year to P2.46 billion due to lower commission income and real estate sales.

Despite the six percent drop in revenue, the group’s financial performance, however, highlights a resilient growth trajectory, driven by its diversified revenue streams and strategic introduction of new real estate projects. “These efforts have not only enhanced the group’s market relevance but also reinforced its financial stability, paving the way for sustained success,” it said.