Robinsons Retail Holdings Inc. (RRHI) reported a 67 percent decline in attributable net income to ₱2.25 billion in the first half of 2025, compared to ₱6.8 billion a year earlier, driven by the absence of a one-time gain from the Bank of the Philippine Islands–Robinsons Bank merger recorded in early 2024.
Despite the profit decline, the company’s core performance showed continued momentum. Core net earnings—excluding non-recurring items—rose 4 percent year-on-year to ₱2.76 billion from ₱2.64 billion, underscoring operational growth across key business segments.
First-half net sales increased by 5 percent to ₱98.47 billion from ₱93.71 billion, reflecting higher consumer spending, particularly in food, drugstore, and department store formats. The company attributed the uptick to a combination of factors including easing inflation and robust seasonal demand.
President and CEO Stanley Co said the company exceeded its full-year same store sales growth (SSSG) target in the second quarter, supported by recovery in basket sizes and improved product assortment. “We intend to build on this momentum by further expanding our store network and driving operational efficiencies in the coming months,” Co added.
For the second quarter alone, RRHI’s net income dropped 13 percent to ₱1.49 billion from ₱1.72 billion, also reflecting the absence of last year’s merger windfall. However, quarterly net sales rose 6% to ₱50.66 billion from ₱47.82 billion. The company posted a blended SSSG of 4.8 percent, driven by election-related and back-to-school spending.
As of end-June, RRHI operated 2,471 retail stores nationwide, including 763 food stores, 1,145 drugstores, 51 department stores, 228 DIY outlets, and 284 specialty stores. It also oversees 2,116 franchised branches of TGP, The Generics Pharmacy.
The company emphasized the resilience of both its essential and discretionary retail segments, supported by favorable macroeconomic conditions and consumer sentiment.
