Belle achieves steady first quarter results, profit up by 13%
Philippines, 27 April 2026 – Belle Corporation (Belle or the Company) realized consolidated net income of Php524 million for the three months ended March 31, 2026, which was 13% higher than its consolidated net income of Php 462 million for the comparable period. This was on the back of total revenues of Php1.42 billion in the first quarter of 2026, which was up by 9% from Php1.30 billion posted over the same period in 2025. Belle’s core operations during the first quarter of 2026 remained strong. The Company’s share in the gaming revenues at City of Dreams Manila through subsidiary Premium Leisure Corp.’s (PLC) wholly owned PremiumLeisure and Amusement, Inc. increased by 12% to Php486 million in the first quarter of 2026 from Php 433 million in the first quarter of 2025, while its revenues for the land and building lease of City of Dreams Manila was stable at Php588 million. Revenues of Belle from its real estate operations in Tagaytay Highlands also came in higher by 57% to Php143 million in the first quarter of 2026 compared to Php91 million in 2025, while revenues from distribution utilities at the estate were likewise up by 18% to Php72 million in 2026 from Php61 million over the same period in 2025. Pacific Online Systems Corporation, which is 50.1%-owned by PLC, also posted stable revenues of Php129 million for the three months ended March 31, 2026. About Belle Corporation Belle Corporation is a developer of tourism and leisure destinations in the Philippines. Its principal asset is the City of Dreams Manila in PAGCOR Entertainment City by Manila Bay, which is being leased on a long-term basis to Melco Resorts and Entertainment (Philippines) Corporation (Melco). In addition to lease income, Belle is accorded a share in revenues or earnings from City of Dreams Manila’s gaming operations through the operating agreement between its over 99% owned subsidiary, Premium Leisure Corp., and Melco. Belle also owns approximately one hectare of presently undeveloped land across from the City of Dreams Manila site. South of Metro Manila, Belle owns significant real estate assets and develops premium residential resort projects around Tagaytay City. Among its exclusive destinations are the club and golf facilities and residential communities of Tagaytay Highlands and Tagaytay Midlands, as well as a further 800 hectares intended for future development.




