SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-Q

QUARTERLY REPORT PURSUANT TO SECTION 17 OF THE SECURITIES
REGULATION CODE AND SRC RULE 17(2)(b) THEREUNDER

1. For the quarterly period ended

Jun 30, 2015

2. SEC Identification Number

34218

3. BIR Tax Identification No.

000-153-610-000

4. Exact name of issuer as specified in its charter

AYALA CORPORATION

5. Province, country or other jurisdiction of incorporation or organization

Makati City, Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

32F to 35F, Tower One and Exchange Plaza, Ayala Triangle, Ayala Avenue, Makati City Postal Code 1226

8. Issuer's telephone number, including area code

(632) 908-3000 / 908-3357

9. Former name or former address, and former fiscal year, if changed since last report

Not applicable

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Preferred B Series 1 (net of 8M treasury shares)	20,000,000
Preferred B Series 2 (net of 3M treasury shares)	27,000,000
Voting Preferred	200,000,000
Common	619,600,845
Debt outstanding as of June 30, 2015	40,000,000,000

11. Are any or all of registrant's securities listed on a Stock Exchange?

Yes

No

If yes, state the name of such stock exchange and the classes of securities listed therein:

A total of 597,319,534 Common shares, 20,000,000 (net of 8M treasury shares) Preferred B Series 1 shares and 27,000,000 (net of 3M treasury shares) Preferred B Series 2 shares are listed with the Philippine Stock Exchange as of June 30, 2015.

12. Indicate by check mark whether the registrant:

(a) has filed all reports required to be filed by Section 17 of the SRC and SRC Rule 17 thereunder or Sections 11 of the RSA and RSA Rule 11(a)-1 thereunder, and Sections 26 and 141 of the Corporation Code of the Philippines, during the preceding twelve (12) months (or for such shorter period that the registrant was required to file such reports)

Yes

No

(b) has been subject to such filing requirements for the past ninety (90) days

Yes

No

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Ayala CorporationAC

PSE Disclosure Form 17-2 - Quarterly Report References: SRC Rule 17 and
Sections 17.2 and 17.8 of the Revised Disclosure Rules

For the period ended	Jun 30, 2015
Currency (indicate units, if applicable)	in Thousand Pesos

Balance Sheet

	Period Ended	Fiscal Year Ended (Audited)
	Jun 30, 2015	Dec 31, 2014
Current Assets	258,978,075	254,701,462
Total Assets	758,340,846	726,047,776
Current Liabilities	186,150,150	169,759,613
Total Liabilities	441,724,062	439,181,291
Retained Earnings/(Deficit)	115,655,918	107,039,814
Stockholders' Equity	316,616,784	286,866,485
Stockholders' Equity - Parent	200,017,202	185,664,151
Book Value per Share	284.86	261.63

Income Statement

	Current Year (3 Months)	Previous Year (3 Months)	Current Year-To-Date	Previous Year-To-Date
Operating Revenue	42,321,727	40,349,993	83,373,087	76,902,948
Other Revenue	7,529,212	6,716,525	14,315,735	14,258,272
Gross Revenue	49,850,939	47,066,518	97,688,822	91,161,220
Operating Expense	34,305,519	33,168,584	67,449,930	63,308,794
Other Expense	4,055,927	4,242,736	7,826,539	7,738,110
Gross Expense	38,361,446	37,411,320	75,276,469	71,046,904
Net Income/(Loss) Before Tax	11,489,493	9,655,198	22,412,353	20,114,316
Income Tax Expense	2,183,467	1,840,124	4,302,541	3,626,608
Net Income/(Loss) After Tax	9,306,026	7,815,074	18,109,812	16,487,708
Net Income Attributable to Parent Equity Holder	5,356,828	4,327,277	10,400,554	9,798,711
Earnings/(Loss) Per Share (Basic)	8.12	6.99	15.75	15.89
Earnings/(Loss) Per Share (Diluted)	8	6.94	15.51	15.8

Other Relevant Information
Please see attached SEC17Q as of June 30, 2015.