Robinsons Retail Holdings Inc. (RRHI) said Friday its board approved setting aside another P2 billion to repurchase shares from the market to enhance shareholder value and manifest confidence in the company’s value and prospects.
The share buyback program will be implemented in the open market through the trading facilities of the Philippine Stock Exchange and will not involve any active or widespread solicitation from stockholders. RRHI confirmed the program will not affect any of the company’s prospective or existing projects and investments.
The move comes as RRHI’s share price dropped to P32.50 as of Thursday from its P58 initial public offering price in 2023.
This is the latest such program since the company first approved a P2-billion share buyback initiative in 2020. Since then, RRHI has bought back 158,387,615 common shares costing P7.833 billion.
Separately, RRHI re-acquired 315,309,310 common shares, equivalent to 22.2 percent of its outstanding shares, belonging to GCH Investments Pte. Ltd., a subsidiary of DFI Retail Group, for P15.765 billion.
RRHI posted core net earnings of P1.5 billion in the third quarter, up 3 percent year-on-year. This brought year-to-date core net earnings to P4.2 billion, a 3.9-percent increase, with growth led by gross margin expansion.
Third-quarter net sales came in at P50.8 billion, up by 4.3 percent, and lifting sales for the first nine months to P149.3 billion, up 4.8 percent.
Same store sales growth (SSSG) for the third quarter stood at 1.6 percent, with nine-month SSSG settling at 3.1 percent.
As of Sept. 30, 2025, RRHI has a total of 2,501 stores consisting of 777 food stores 1,158 drugstores 51 department stores 229 Do-It-Yourself stores and 286 specialty stores. It also operates 2,118 franchised stores of The Generics Pharmacy.
