Robinsons Land Corp. (RLC), listed propety development arm of the Gokongwei Group, posted a P3.30 billion profit in the third quarter, buoyed by strong performances across both its investment and development portfolios. Third-quarter results pushed net income attributable to the parent of P10.17 billion for the first nine months of the year—up 2 percent year-on-year.
Excluding last year’s one-time gain from the GoTyme reclassification, RLC’s recurring income grew by 10 percent, underscoring the resilience of its core operations.
Consolidated revenues for the nine-month period surged 13 percent to P35.61 billion, driven by robust growth in both business segments. The development portfolio led with a 28 percent iincrease, propelled by a stellar 76 percent rise in residential revenues, while the Investment portfolio climbed 9 perecent. Earnings before interest, taxes, depreciation and amortization (EBITDA) and EBIT grew 7 percent to P19.03 billion and P14.53 billion, respectively.
As of September 30, RLC’s consolidated assets stood at P273.2 billion, up 4 percent from year-end 2024. The property giant further strengthened its balance sheet by trimming loans payable by 21 percent to P41.91 billion, bringing its net debt-to-equity ratio down to 18 percent from 27 percent.
In September, RLC executed a P7.75 billion overnight block placement of Robinsons Reit Inc. (RCR) shares—the largest REIT sponsor fund-raising in the Philippine Stock Exchange this year. The deal was 3.7 times oversubscribed, with proceeds earmarked for capital expenditures under RLC’s reinvestment plan.
“Our performance underscores the strength and resilience of our core businesses,” said RLC President and Chief Excecutive Officer Mybelle V. Aragon-GoBio. “We remain focused on disciplined execution and delivering long-term value for our stakeholders.”
