AYALA LAND, Inc. (ALI) has revised its 2026 capital expenditure (capex) budget upward to about P60 billion from P50 billion as it seeks to complete projects scheduled for this year. Ms. Bautista-Dy said the revision was tied to projects ALI plans to complete this year. ALI plans to launch about P5 billion worth of residential projects in the second half, primarily horizontal developments. ALI’s net income fell 19% to P11.5 billion in the first half from P14.2 billion a year earlier, while revenue declined 9.75% to P75 billion from P83.1 billion. For the second quarter, net income stood at P6.1 billion, while revenue reached P37.5 billion.