Robinsons Land Sustains Growth Momentum in Q2 2025 with Strong Core Performance and Strategic Expansions
- bedandgoinc
- 8月12日
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Date: August 12,2025
Manila, Philippines – August 8, 2025 – Robinsons Land Corporation (PSE: RLC), the property development arm of the Gokongwei Group, continues to deliver solid results in 2025, sustaining its growth momentum through a well-balanced portfolio of investment and development businesses. The company's latest financial performance underscores the resilience of its core operations and the effectiveness of its prudent financial strategy amid evolving market conditions.
Financial Performance: Building on a Strong First Half
In the second quarter of 2025, RLC posted ₱12.00 billion in consolidated revenues, a 16% increase from the same period last year. This robust quarterly performance brought first-half 2025 revenues to ₱23.03 billion, up 8% year-on-year from 2024’s ₱21.3 billion.
Net income attributable to the parent rose 7% in Q2 to ₱3.40 billion. On a first-half basis, net income (excluding one-off gains recorded in 2024) increased 5% to ₱6.88 billion, reflecting strong fundamentals across all operating segments.
Profitability also remained healthy, with EBITDA of ₱12.53 billion and EBIT of ₱9.56 billion for the first six months, ensuring the company maintains strong operating margins.
Strengthened Balance Sheet for Future Growth
RLC reinforced its financial stability by reducing total loans payable by 14% to ₱45.91 billion, following the settlement of ₱7.37 billion in maturing debt during the first half. As a result, its net debt-to-equity ratio improved to 24%, from 27% at year-end 2024.
This stronger capital structure provides the company with greater flexibility to pursue strategic acquisitions, expand its development portfolio, and invest in innovative projects without overleveraging.
RLC President and CEO Mybelle V. Aragon-GoBio highlighted that these results “reflect the strength of our diversified portfolio and our commitment to disciplined execution.” She further emphasized that the company remains focused on “expanding strategically and innovating across both investment and development portfolios” to create long-term shareholder value.
Detailed Segment Performance in 1H 2025
1. Robinsons Malls – Sustaining Retail Growth
Revenue from Robinsons Malls climbed 9% year-on-year to ₱9.46 billion, with EBITDA up 8% to ₱5.78 billion and EBIT up 9% to ₱4.00 billion. Occupancy rates improved to 94%, reflecting strong retailer demand despite a competitive retail landscape.
With 1.7 million sqm of leasable space across the country, RLC continues to benefit from the recovery of consumer spending and increased foot traffic in both Metro Manila and provincial malls. The company is leveraging this momentum by enhancing tenant mixes, integrating experiential concepts, and launching digital initiatives to drive customer engagement.
2. RLC Offices – Steady Demand from Corporate Tenants
The office leasing segment posted ₱4.11 billion in revenue, up 5% year-on-year, supported by consistent rental escalations in its premium office portfolio. EBITDA grew 4% to ₱3.25 billion, while EBIT increased 4% to ₱2.67 billion.
Occupancy held steady at 87%, bolstered by long-term leases with BPOs, multinational firms, and expanding tech companies. With the ongoing demand for flexible yet high-quality office spaces, RLC Offices remains a stable income contributor.
3. Robinsons Hotels and Resorts – Expanding Hospitality Footprint
Hospitality revenues increased 9% to ₱3.10 billion, with EBITDA up 10% and EBIT climbing 14% due to higher occupancy rates, stronger ADRs (average daily rates), and operational efficiency.
A highlight for the first half was the May 2025 launch of NUSTAR Hotel in Cebu — the Philippines’ first Filipino ultra-luxury hotel brand. Located within the NUSTAR Integrated Resorts complex, the 223-room property blends high-end design, world-class amenities, and Filipino heritage, positioning RLC to capture both domestic and international high-spending travelers.
RHR's portfolio now includes 27 hotels nationwide, offering over 4,000 room keys.
4. Robinsons Logistics and Industrial Facilities (RLX) – Scaling with Efficiency
RLX delivered ₱451 million in revenue, up 17% year-on-year, driven by expanded capacity and operational efficiency. EBITDA rose 16% to ₱408 million, while EBIT grew 10% to ₱300 million.
Operating 13 industrial facilities in Luzon, RLX caters to logistics, e-commerce, and manufacturing tenants — all industries experiencing sustained growth from the country's economic expansion and rising domestic consumption.
5. Robinsons Destination Estates – Pioneering Lifestyle Developments
RDE generated ₱475 million in revenues from deferred land sales to joint ventures, with EBITDA and EBIT both at around ₱276–₱278 million.
In July, RDE broke ground on the Helios Pickleball Center in Bridgetowne Estate, Pasig — Asia’s first tournament-grade pickleball facility. Developed with Kosmas Athletic Ventures Corp. (KAVC), the 17,500-sqm, eight-story venue will feature 25 professional courts and aims to host Professional Pickleball Association (PPA) Tour events, reinforcing Bridgetowne's positioning as a premier mixed-use lifestyle destination.
6. RLC Residences – Strong Residential Recognition
The residential segment was one of the standout performers in Q2 2025. Realized revenues surged 130% year-on-year in the quarter to ₱2.78 billion, bringing first-half realized revenues to ₱4.73 billion, a 33% increase from last year.
Growth was driven by strong ready-for-occupancy (RFO) sales and revenue recognition from prior-year pre-sales that reached the equity payment threshold. Net sales from organic projects hit ₱3.20 billion, while joint ventures contributed ₱571 million, with equity earnings from JVs reaching ₱706 million.
RCR – Boosting REIT Portfolio with Major Asset Infusion
RLC's REIT arm, RL Commercial REIT, Inc. (RCR), posted Q2 2025 revenues of ₱2.34 billion, up 62% year-on-year. For the first half, revenues rose 60% to ₱4.59 billion, supported by a high 97% occupancy rate and the infusion of nine malls from RLC valued at ₱30.67 billion.
The asset swap — involving 3.83 billion RCR shares priced at ₱8 each — has significantly expanded RCR's footprint, adding about 324,000 sqm of gross leasable area to its portfolio and reinforcing its position as one of the largest REITs in the country.
Outlook for the Remainder of 2025
RLC's strong first-half performance, diversified revenue streams, and healthier balance sheet position the company for sustained growth in the second half of 2025.
The company is expected to:
Leverage mall traffic recovery to maximize leasing and retail innovation.
Capitalize on tourism rebound through its expanding hotel portfolio, particularly NUSTAR Hotel.
Strengthen logistics and industrial presence as demand from e-commerce and manufacturing tenants remains strong.
Accelerate residential completions to recognize more revenues from pre-sold units.
Maximize RCR’s REIT platform to unlock capital and reinvest into new growth areas.
With its disciplined execution, prudent financial management, and strategic expansions, RLC remains a key player to watch in the Philippine real estate sector in 2025.
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