Robinsons Land defies H1 property downturn

MANILA, Philippines — Gokongwei-led Robinsons Land Corp. (RLC) grew its first-half attributable profit by 5 percent as its diversified property portfolio delivered higher revenues despite a challenging operating environment.

On Monday, RLC said its income attributable to equity holders of the parent had reached P7.2 billion in the first six months of 2026, up 5 percent from a year earlier.

READ: Robinsons Land grew Q1 profit by 9% to P 4.4B

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Consolidated net income climbed by a faster 12 percent to P9 billion, while revenues increased 10 percent to P25.4 billion.

Earnings before interest, taxes, depreciation and amortization (Ebitda) and Ebit both rose 8 percent to P13.5 billion and P10.3 billion, respectively.

RLC president and CEO Mybelle Aragon-GoBio said the first-half performance reflected the resilience of a diversified portfolio.

“Despite a challenging operating environment, we delivered double-digit growth in revenues and consolidated net income while maintaining a strong balance sheet and healthy cash reserves,” Aragon-GoBio said.

The investment portfolio, which accounted for 72 percent of revenues and 82 percent of Ebitda, remained RLC’s primary earnings driver.

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**READ: Robinsons Land logs P13.47-B profit in 2025 **

Revenues from the segment rose 7 percent to P18.4 billion, while Ebitda increased 6 percent to P11 billion.

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Mall revenues grew 6 percent to P10 billion, while office revenues rose by the same rate to P4.37 billion.

The hotel business posted a 10-percent revenue increase to P3.41 billion, while logistics revenues surged 25 percent to P561 million.

Meanwhile, RLC’s development portfolio grew revenues by 19 percent to P7 billion, supported by improved project execution and revenue recognition.

Residential revenues jumped 23 percent to P5.81 billion. Equity earnings from joint ventures rose 3 percent to P729 million.

RLC generated P5 billion in net sales during the first half, comprising P1.4 billion from organic projects and P3.6 billion from joint ventures.

Capital expenditures increased to P7.5 billion from P5.7 billion a year earlier, even without significant land acquisitions.

For the second quarter alone, net income attributable to equity holders of the parent rose 8 percent to P3.7 billion. Consolidated net income climbed 15 percent to P4.6 billion, while revenues grew 9 percent to P13.1 billion. INQ