RLC stays on expansion track despite headwinds

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May 15, 2026 | 12:00am

MANILA, Philippines —  Gokongwei-led real estate developer Robinsons Land Corp. (RLC) is staying on the growth track despite current headwinds, with the company committed to pursuing expansion initiatives outlined in the five-year roadmap it unveiled last year.

RLC is setting aside at least P18 billion for its capital expenditures this year, RLC chief financial, risk and compliance officer Kerwin Max Tan said.

RLC deployed P18.87 billion in capital expenditures in 2025 to accelerate the expansion of its malls, offices, hotels and industrial facilities, advance the construction of its residential developments, secure strategic land acquisitions, and pursue new investment opportunities across its domestic operations.

RLC president and CEO Mybelle Aragon-GoBio said the company’s capex for 2026 should be the same as last year. 

“Because as I mentioned, we will be delivering on all of our commitments and we’re sticking to our capex plan,” Aragon-GoBio said.

Aragon-GoBio said RLC has a hefty cash reserve to push through with its planned developments, saying that the company is “still in a position where our contingencies can cover sufficiently and still leave us some buffers.”

“We always try to keep our ear to the ground and to see how the market evolves. With this particular geopolitical tension and global impediments, we continuously monitor the movement of construction inputs, the costs of those, and evaluate those against our pipeline of projects,” Aragon-GoBio said. 

“And also, we took it as an opportunity as well to take a look at our projects, which to accelerate, which to hold possibly. But then we concluded that we are pushing ahead with all of our projects as committed. And this is the pipeline of developments that we have earlier cascaded through our Vision 5-25-50. So we’re pushing through with those,” she said.

RLC last year unveiled its Vision 5-25-50 roadmap, aiming to deliver P25 billion in net income by its 50th anniversary in 2030. 

Under the plan, the company is targeting aggressive expansion to increase mall gross leasable area by 50 percent, office space by 50 percent, hotel room keys by 25 percent, and logistics capacity by 100 percent by 2030.