Robinsons Land Corp. (RLC), the property development arm of the Gokongwei group, reported a modest 4 percent increase in core net income for the first quarter of 2025, reaching ₱3.48 billion, as flat topline revenue of ₱11.03 billion reflected subdued development sales. However, robust performance from its recurring income portfolio highlighted the resilience of its diversified strategy.
RLC president and CEO Mybelle V. Aragon-GoBio underscored the company’s resilience and growth trajectory. “We began the year with strength and momentum… RLC thrives amid an ever-evolving economic landscape,” she said, pointing to strategic diversification and operational excellence as key drivers.
Recurring revenue, led by malls, offices, hotels, and logistics, rose 8 percent to ₱8.52 billion. Malls were a standout performer, with rental income up 8 percent to ₱3.43 billion, driven by higher tenant sales and increased foot traffic. Total mall revenue rose 6 percent year-on-year to ₱4.72 billion, boosted by the April 2025 opening of Robinsons Pagadian, which debuted with a 98 percent occupancy rate.
The office segment posted a 6 percent revenue increase to ₱2.02 billion, supported by consistent rental growth across its 32-building portfolio. Hotels also performed strongly, with a 12 percent revenue jump to ₱1.51 billion, highlighting strong demand in both international and in-house brands.
Meanwhile, development revenues—primarily from residential projects and joint ventures—stood at ₱2.51 billion, reflecting continued softness in the segment.
Looking ahead, RLC is pursuing an aggressive growth strategy targeting a 50 percent increase in mall and office gross leasable areas, a 25 percent expansion in hotel room capacity, and a doubling of its logistics footprint by 2030. The company is also focused on “premiumization,” aiming to reposition key assets, enhance customer experience, and command higher pricing power.
New initiatives will include sports and entertainment centers, integrated ecosystem synergies, and sustainability-driven services, all designed to deepen customer loyalty and bolster long-term brand equity.
