Leading the Way: Forest Lake Records Historic ₱5.5 Billion Sales and Sustains Strong Financial Growth in 2025

Forest Lake Development Inc., the Philippines’ leading memorial park developer with Total Memorial Care, achieved another milestone year in 2025 after recording a historic ₱5.5 billion in sales production—the highest in the company’s nearly three-decade history and a 45% increase from the ₱3.8 billion recorded in 2024.

Built on nearly three decades of trust from Filipino families, strategic investments, operational excellence, innovation, and compassionate service, Forest Lake’s record performance is a testament to the growing demand for accessible and comprehensive memorial care solutions across the country.

Beyond its financial achievements, the company proudly stays true to its promise of creating “A Better Place” for Filipino families through the expansion of its Total Memorial Care offerings, and by consistently making quality memorial services more accessible nationwide.  

“2025 was a landmark year for Forest Lake. Our record-breaking ₱5.5 billion sales production, combined with strong revenue and profit growth, reflects the trust that Filipino families continue to place in our brand and the dedication of our people,” said Alfred Xerez-Burgos III, President and CEO of Forest Lake Development Inc.

Forest Lake’s record sales translated into equally strong financial results, reinforcing the company’s position as one of the country’s leading memorial providers. Its strong performance was reflected across key financial indicators, including revenue, profitability, liquidity, and shareholder’s equity. 

Aside from the milestone ₱5.5 billion sales, total revenue likewise grew by 20% to ₱3.26 billion, up from ₱2.72 billion in 2024, continuing the company’s sustained average annual revenue growth of approximately 20% since 2020–a testament to  the company’s long-term business strategy and the growing trust of Filipino families nationwide. 

Moreover, net income before tax also increased by 20% to ₱789 million, compared to ₱660 million a year earlier. Forest Lake also strengthened its financial position with total equity rising to ₱2.66 billion from ₱1.90 billion, while cash and cash equivalents surged by 121%, providing greater liquidity and financial flexibility to support future investments. 

Meanwhile, the company’s ₱3.55 billion in land and land development assets reflects its long-term commitment to nationwide expansion and service excellence. 

“The strength of our financial performance enables us to continue investing in expansion, innovation, and Total Memorial Care services that address the evolving needs of the families we serve,” Xerez-Burgos III added.

Further strengthening its growth trajectory, the Securities and Exchange Commission approved Forest Lake’s increase in authorized capital stock from ₱1 billion to ₱4 billion, which enhances the company’s capacity to pursue new memorial park developments, expand memorial chapels and Total Memorial Care facilities, invest in technology and digital transformation initiatives, and develop innovations that improve customer experience. 

Combined with the company’s strong retained earnings and growing equity base, the increased capitalization provides Forest Lake with a solid financial foundation for more developments in the years ahead.

Chairman Alfred Xerez-Burgos Jr. echoed this commitment:  “Forest Lake’s continued growth demonstrates the resilience of our business model and the enduring trust of our customers. Our strong financial foundation positions us well for the next phase of expansion.”

He added, “The milestones we achieved in 2025 are not only indicators of business success but also of our continued ability to create long-term value for families, communities, employees, and stakeholders.”

Beyond its financial success, Forest Lake continues its transformation from the country’s leading memorial park developer into a comprehensive Total Memorial Care provider, offering integrated memorial solutions that provide Filipino families with compassionate support before, during, and after their time of need.  

Its growing portfolio now includes memorial parks, memorial chapels, cremation services, columbarium developments, interment services, “Libre Burol / Libre Haya,” and “Libing Anywhere.”

Today, Forest Lake operates 42 memorial parks nationwide, and is supported by a network of 41 accredited funeral home partners, enabling the company to deliver Total Memorial Care—including Libre Burol services—to more families across Luzon, Visayas, and Mindanao 

For more information, visit www.forestlakeparks.com or follow Forest Lake on Facebook (@ForestLakeMemorialParks) and Instagram (@forestlakememorialparks).