Sunday, 10 August 2025, 5:40 pm

    RLC 2Q profit up 7 percent to ₱3.4B on broad-based growth

    Robinsons Land Corp. (RLC), the property arm of the Gokongwei Group, posted a 7 percent rise in net income to ₱3.4 billion in the second quarter of 2025, up from ₱3.18 billion year-on-year. The increase was driven by resilient performance across its investment and development portfolios, along with disciplined financial management.

    Quarterly revenue grew 16 percent to ₱12 billion, bringing first-half revenue to ₱23.03 billion, up 8 percent from the same period in 2024. Excluding one-off gains from last year, first-half net income reached ₱6.88 billion. In comparison, 2024’s first-half attributable income was ₱7.25 billion.

    Segment-wise, Robinsons Malls earned ₱9.46 billion in 1H revenue, up 9 percent, with occupancy improving to 94 percent. Office revenue rose 5 percent to ₱4.11 billion, while hotel and resort revenues also climbed 9 percent to ₱3.10 billion. The group launched NUSTAR Hotel, the country’s first Filipino ultra-luxury brand, in Cebu in May.

    RLC’s residential segment recorded ₱3.2 billion in sales from organic projects and ₱571 million from joint ventures. Realized revenues in Q2 more than doubled to ₱2.78 billion, bringing first-half realized revenues (excluding JVs) to ₱4.73 billion — a 33 percent year-on-year increase. Joint venture equity earnings reached ₱706 million.

    RLC said it remains focused on strategic growth and long-term value creation, supported by its diversified portfolio and prudent balance sheet management.

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