RRHI first-half profit falls 6.4% to P2.6B

MANILA, Philippines — Robinsons Retail Holdings Inc. (RRHI) reported a 6.4 percent drop in its first-half core net income as higher operating expenses and the Middle East conflict weighed on its performance.

On Friday, the Gokongwei-led retailer said it booked P2.6 billion in core net income from January to June.

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Furthermore, the figure excludes foreign exchange gains or losses, interest income from bonds, equity in earnings from associates, interest expense related to the BPI shares and other items.

Despite the earnings decline, consolidated net sales grew by 8.4 percent to P106.7 billion.

RRHI attributed the topline growth to a 2.8-percent same-store sales growth, contributions from new stores and the consolidation of Premiumbikes, which the company acquired in December 2025.

In addition, gross profit increased by 8.6 percent to P26 billion on a better sales mix and stronger vendor support.

Higher operating expenses, however, dragged operating income down by 4.5 percent to P4.1 billion.

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Net income attributable to equity holders of the parent company (NIAP) fell at a faster pace of 13.8 percent to P1.9 billion.

READ: RRHI set for delisting after successful tender offer

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RRHI attributed the decline in NIAP to lower operating income, higher interest expense, losses from associates and foreign exchange losses.

The company ended June with consolidated assets of P161.4 billion and cash and cash equivalents of P9.3 billion.

The company generated P4.2 billion in net cash from operating activities, while it spent P2.9 billion on investing activities, driven by capital expenditures and additional investments. /pai