Eton Properties Philippines Inc. said it more than tripled its net income in 2025 to P758.4 million as the property developer benefited from stronger residential sales, recurring leasing income and tighter operational discipline.
The real estate arm of LT Group Inc. said net income surged 256 percent from P212.8 million a year earlier. Revenues rose 4 percent to P3.30 billion from P3.19 billion in 2024.
Higher residential sales, stable leasing revenues, joint venture marketing fees and compensation related to right-of-way acquisitions by a local government unit drove the growth.
“Our focus in 2025 was to strengthen the operating foundations of the business and improve execution across the organization,” Eton president and chief executive Kyle Ellis Tan said.
Earnings before interest, taxes, depreciation and amortization (EBITDA) climbed 43 percent to P1.80 billion from P1.3 billion previously.
Total assets increased 5.6 percent to P30.25 billion, supported by ongoing development projects and the strategic use of its landbank. Eton also received a P3.52-billion capital infusion from LT Group to strengthen liquidity and support future expansion initiatives.
Residential sales jumped 46 percent to P731.4 million, buoyed by stronger take-up in projects such as 68 Roces, Eton Tower Makati and South Lake Village, as well as the launch of Blakes Tower in Makati City.
Leasing remained the largest recurring income source for Eton. Office leasing revenues reached P1.22 billion, while commercial and residential leasing contributed P405.4 million and P88.7 million, respectively.
The hospitality arm of the company, The Mini Suites, generated P171.6 million in revenues last year.
As part of its sustainability efforts, Eton shifted eight residential, office and commercial properties to 100-percent renewable geothermal energy, helping reduce annual carbon emissions by over 21,000 metric tons.
The article was originally published in Manila Standard and written by Jenniffer B. Austria.
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