Robinsons Land earnings rise to ₱13.5 billion on strength of leasing, residential businesses
Robinsons Land Corp. (RLC), the property development arm of the Gokongwei Group, reported a two-percent improvement in attributable net income to ₱13.47 billion last year from ₱13.21 billion in 2024, due to solid contributions from both its investment and development portfolios.
The firm disclosed to the Philippine Stock Exchange (PSE) on Thursday, March 12, that excluding the non-core gains recognized in 2024 from the reclassification of its GoTyme Bank investment and from insurance, attributable net income increased by nine percent year-on-year, highlighting the continued strength of RLC’s core businesses.
Consolidated revenues grew 13 percent to ₱48.52 billion last year, driven by sustained topline growth across its operating segments. The investment portfolio increased by eight percent, while the development portfolio recorded a robust 30-percent expansion.
RLC noted that its organic residential segment delivered an exceptional 71-percent year-on-year surge in revenues, supported by strong inventory management and improved project completions.
“Our full-year performance reflects the resilience and diversified strength of our portfolio, highlighting the value of disciplined execution across all business segments,” said RLC President and Chief Executive Officer (CEO) Mybelle V. Aragon-GoBio.
She added that, “As we move forward, we remain focused on strategic growth, unlocking value in high-potential sectors, and delivering sustainable benefits for our customers, tenants, and stakeholders.”
Robinsons Malls delivered solid performance, with rental revenues improving by 10 percent to ₱19.57 billion, underpinned by 11-percent rental revenue growth and an eight-percent increase in same-mall performance amid continued recovery in consumer activity.
Profitability strengthened as earnings before interest, taxes, depreciation, and amortization (EBITDA) rose to ₱11.82 billion and EBIT to ₱8.17 billion, representing growth of 11 percent and 14 percent, respectively, while occupancy remained resilient at 94 percent, above the industry average of 92.3 percent.
Robinsons Offices reported that revenues increased six percent to ₱8.43 billion last year, with EBITDA of ₱6.64 billion and EBIT of ₱5.47 billion, both growing four percent.
Same-office occupancy improved by 200 basis points (bps) to 90 percent on new tenant take-ups, outperforming the market rate of 80 percent. Portfolio occupancy stands at 85 percent, including newly completed buildings—GBF Center 2 and Robinsons Cybergate Iloilo 3.
Robinsons Hotels and Resorts benefited from the recovery in travel and tourism, with revenues rising eight percent to ₱6.5 billion, supported by strong performance across hotels managed by international operators and company-operated luxury properties, including the five-star Fili and the ultra-luxury NUSTAR Cebu.
Despite the inclusion of new hotels, systemwide occupancy improved to 67 percent, up 100 bps from the prior quarter and outperforming the market average occupancy of 60 percent. Profitability strengthened as EBITDA rose six percent to ₱1.9 billion and EBIT increased three percent to ₱1.01 billion.
In 2025, Robinsons Residences’ organic net sales reached ₱5.18 billion, while joint-venture (JV) sales contributed ₱3.11 billion. Realized residential revenues, excluding JVs, jumped 71 percent to ₱10.53 billion.
EBITDA expanded significantly to ₱2.49 billion, up 743 percent, while EBIT reached ₱2.34 billion, up 1,235 percent, reflecting stronger profitability as revenue recognition progressed.
Equity earnings from JVs added ₱1.44 billion, further diversifying the earnings base and supporting overall portfolio performance.
RLC’s logistics and industrial platform RLX generated revenues of ₱890 million in 2025, reflecting sustained demand for well-located industrial assets.
Operational efficiency remained strong, with EBITDA of ₱809 million and EBIT of ₱592 million, underscoring the resilience of the platform. The portfolio maintained a 94-percent occupancy rate across 15 industrial facilities located in strategic logistics hubs.
Robinsons Destination Estates (RDE) generated ₱1.06 billion in property development revenues, mostly from deferred land sales of its JVs. EBITDA reached ₱593 million, while EBIT stood at ₱588 million.