Eton Properties Allocates ₱900M Capex for 2025 to Boost Township and Asset Value

MANILA — Eton Properties Philippines Inc., the real estate arm of the Lucio Tan Group, has announced a ₱900 million capital expenditure plan for 2025. The funds will support upgrades to its properties and the redevelopment of townships across its portfolio.

In a statement released Wednesday, the company said the capital will be invested in enhancements to master planning, zoning, and amenities aimed at increasing long-term asset value and improving customer experience.

“We’re building more than just structures—we’re shaping the future of Eton with clarity and purpose,” said Kyle Tan, president and CEO of Eton Properties. “We remain focused on creating better spaces that meet the evolving needs of the market.”

In 2024, Eton recorded a 12% revenue increase, reaching ₱3.1 billion from ₱2.8 billion the previous year, despite headwinds like the exit of Philippine Offshore Gaming Operators (POGOs) and non-renewal of some retail leases.

However, the company’s net income dropped to ₱213 million from ₱746 million year-on-year, mainly due to the absence of a one-time ₱503-million inventory revaluation gain recorded in 2023. Rising costs in development, maintenance, taxes, and staffing also contributed to the lower bottom line.

Tan reaffirmed the company’s commitment to long-term value, saying, “2024 was a test of resilience, and we chose to adapt and invest in what matters most.”