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

Sep 30, 2017

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 A (all are in treasury shares)	12,000,000
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	621,246,593
Debt outstanding (SEC reg)- Sept 30, 2017 (in PHP)	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:

As of September 30, 2017, a total of 616,784,515 common shares, 12,000,000 preferred A (“ACPA”) shares, 28,000,000 preferred B series 1 (“ACPB1”) shares, and 30,000,000 preferred B series 2 (“ACPB2”) shares are listed in the Philippine Stock Exchange (“PSE”). A total of 12,000,000 ACPA shares, 8,000,000 ACPB1 shares, and 3,000,000 ACPB2 shares are held in Treasury by the Company.

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	Sep 30, 2017
Currency (indicate units, if applicable)	In Thousand Pesos

Balance Sheet

	Period Ended	Fiscal Year Ended (Audited)
	Sep 30, 2017	Dec 31, 2016
Current Assets	324,299,070	288,465,350
Total Assets	1,012,375,273	911,704,503
Current Liabilities	231,090,443	235,799,202
Total Liabilities	608,846,137	540,708,625
Retained Earnings/(Deficit)	166,708,025	145,622,311
Stockholders' Equity	403,529,136	370,995,878
Stockholders' Equity - Parent	252,548,667	230,922,532
Book Value per Share	368.66	334.4

Income Statement

	Current Year (3 Months)	Previous Year (3 Months)	Current Year-To-Date	Previous Year-To-Date
Gross Revenue	59,814,568	49,171,120	170,469,976	140,078,979
Gross Expense	47,949,080	39,289,447	137,909,808	111,882,042
Non-Operating Income	11,424,913	7,862,695	31,061,346	25,309,135
Non-Operating Expense	6,608,265	4,919,390	16,728,206	13,714,912
Income/(Loss) Before Tax	16,682,136	12,824,978	46,893,308	39,791,160
Income Tax Expense	3,147,073	2,471,341	8,755,691	7,310,326
Net Income/(Loss) After Tax	13,535,063	10,353,637	38,137,617	32,480,834
Net Income Attributable to Parent Equity Holder	8,175,773	5,873,243	23,235,153	19,645,671
Earnings/(Loss) Per Share (Basic)	12.64	8.95	35.86	30.13
Earnings/(Loss) Per Share (Diluted)	12.56	8.81	35.38	29.71

	Current Year (Trailing 12 months)	Previous Year (Trailing 12 months)
Earnings/(Loss) Per Share (Basic)	45.03	36.58
Earnings/(Loss) Per Share (Diluted)	44.87	36.43

Other Relevant Information
Please see attached Ayala Corporation and Subsidiaries SEC17Q - September 30, 2017