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Robinsons Land Corp. (RLC), the property development unit of the Gokongwei’s JG Summit Holdings Inc., posted a five percent dip in attributable net income to ₱6.88 billion in the first half of 2025 from ₱7.25 billion in the same period last year due to a ₱730 million one-time gain in 2024.
In a disclosure to the Philippine Stock Exchange, the firm said that, excluding one-off gains in 2024, first-half net income rose five percent year-on-year, reflecting the solid fundamentals of RLC’s diversified portfolio.
RLC sustained its growth momentum in the second quarter of 2025, from the solid performance of both its investment and development portfolios, resilient performance across business units, and prudent financial management.
For the quarter ended June 30, 2025, consolidated revenues stood at ₱12.0 billion, up 16 percent year-on-year, bringing first-half revenues to ₱23.03 billion—an eight percent increase versus the same period last year.
Attributable net income grew seven percent to ₱3.40 billion in the second quarter. Meanwhile, consolidated EBITDA and EBIT registered ₱12.53 billion and ₱9.56 billion, respectively.
“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 CEO, Mybelle V. Aragon-GoBio.
She noted that, “We sustained our growth momentum with strong performances across our core businesses, while enhancing financial flexibility through prudent balance sheet management. We remain focused on creating long-term value as we expand strategically and innovate across both investment and development portfolios.”
Robinsons Malls delivered solid performance in the first half of 2025 with total revenues reaching ₱9.46 billion, up nine percent year-on-year. EBITDA grew eight percent to ₱5.78 billion, while EBIT increased nine percent to ₱4.00 billion.
Occupancy improved to 94 percent, with total leasable space at 1.7 million sqm, underscoring sustained tenant demand.
RLC Offices posted ₱4.11 billion in revenues, up five percent year-on-year, supported by consistent rental escalations across its premium office portfolio.
EBITDA rose four percent to ₱3.25 billion, and EBIT was also up four percent to ₱2.67 billion, reflecting operational efficiency. Occupancy remained healthy at 87 percent.
Robinsons Hotels and Resorts (RHR) recorded ₱3.10 billion in revenues, up nine percent, driven by strong performance across all brands. EBITDA climbed 10 percent to ₱955 million, while EBIT rose 14 percent to ₱520 million, on the back of improved operating leverage.
Meanwhile, Robinsons Logistics and Industrial Facilities (RLX) posted ₱451 million in revenues, up 17 percent year-on-year. EBITDA grew 16 percent to ₱408 million, while EBIT increased 10 percent to ₱300 million, driven by scale and efficiency.
Robinsons Destination Estates (RDE) generated ₱475 million in property development revenues from deferred land sales to joint ventures. EBITDA and EBIT reached ₱278 million and ₱276 million, respectively.
RLC Residences posted ₱3.20 billion in net sales from organic projects and ₱571 million from joint ventures in 1H 2025. Realized residential revenues rose 130 percent YoY in the second quarter to ₱2.78 billion, driven by project recognition and strong RFO sales.
This brought first half realized revenues (ex-JVs) to ₱4.73 billion, up 33 percent YoY. EBITDA and EBIT both grew 33 percent to ₱1.16 billion and ₱1.09 billion, respectively. Equity earnings from JVs reached ₱706 million.
