Property giant Robinsons Land Corp. (RLC) saw its second-quarter net income increase by 7 percent to P3.40 billion, driven by strong performances across its diversified business portfolio.
In a disclosure to the stock exchange, RLC said consolidated revenues rose 16 percent year-over-year to P12 billion for the April to June period.
This brought first-half revenues to P23.03 billion, an 8 percent increase from the same period last year.
Excluding one-time gains recorded in 2024, first-half net income for 2025 rose 5 percent year-over-year to P6.88 billion, reflecting solid operating performance across RLC’s investment and development portfolios.
“RLC’s solid results in the first half of 2025 reflect the strength of our diversified portfolio and our commitment to disciplined execution,” said RLC president and chief executive Mybelle Aragon-GoBio.
“We sustained our growth momentum with strong performances across our core businesses, while enhancing financial flexibility through prudent balance sheet management.”
RLC’s malls business boosted first-half sales, with revenues up 9 percent year-over-year to P9.46 billion. Occupancy across 1.7 million square meters of leasable space stood at 94 percent.
Realized revenues from RLC Residences, excluding joint ventures, surged 130 percent to P2.78 billion. This brought first-half realized revenues to P4.73 billion, up 33 percent year-over-year. Jenniffer B. Austria
Robinsons Hotels and Resorts delivered a 9 percent increase in revenues to P3.10 billion, fueled by robust performance across brands and the launch of the ultra-luxury NUSTAR Hotel in Cebu.
RLC Offices generated P4.11 billion in revenues, up 5 percent, driven by steady rental escalations. Robinsons Logistics and Industrial Facilities (RLX) recorded P451 million in revenues, a 17 percent increase, while destination estates contributed P475 million in property development revenues from deferred land sales.
“We remain focused on creating long-term value as we expand strategically and innovate across both investment and development portfolios,” Aragon-GoBio said.
