Robinsons Land Posts 5% Profit Growth to ₱7.2 Billion in First Half of 2026

Robinsons Land Corp. (RLC) posted a 5% increase in first-half net income to ₱7.2 billion, driven by double-digit revenue growth across its property development and recurring-income businesses despite a challenging operating environment. Consolidated revenue rose 10% to ₱25.4 billion, underscoring the resilience of the company’s diversified portfolio and strengthening financial position. Mybelle Aragon-GoBio, the President and Chief Executive Officer (CEO) of Robinsons Land Corp. (RLC).

MANILA, Philippines –– Robinsons Land Corp. (RLC) delivered a solid financial performance in the first half of 2026, with net income rising 5% to ₱7.2 billion as stronger revenues across its diversified property portfolio helped cushion the impact of a challenging operating environment.

The property giant reported consolidated revenue of ₱25.4 billion for the six months ended June, representing a 10% increase from the same period a year earlier. Earnings before interest, taxes, depreciation and amortization (EBITDA) likewise climbed 8% to ₱13.5 billion, while earnings before interest and taxes (EBIT) grew by the same rate to ₱10.3 billion.

RLC President and Chief Executive Officer Mybelle Aragon-GoBio attributed the results to the resilience of the company’s diversified portfolio and the continued execution of its growth strategy across its various businesses.

“Our strong first-half performance reflects the resilience of our diversified portfolio and the strategic execution of our growth strategy across all business segments,” GoBio said.

She added that despite the difficult operating environment, the company was able to deliver double-digit revenue growth and higher consolidated earnings while preserving a strong balance sheet and healthy cash reserves.

RLC’s investment portfolio, which includes shopping malls, office properties, hotels and logistics facilities, remained the company’s largest source of revenue during the period. Revenue from these recurring-income businesses increased 7% to ₱18.4 billion, accounting for 72% of the group’s total revenue. EBITDA from the investment portfolio also grew 6% to ₱11 billion.

The mall business continued to provide a significant contribution, with revenue increasing 6% to ₱10 billion. EBITDA from the mall segment reached ₱6 billion, reflecting sustained activity across RLC’s shopping and commercial properties.

Its office portfolio also posted steady gains, with revenue rising 6% to ₱4.37 billion. Office occupancy improved to 87% by the end of the second quarter, up from 86% at the close of the first quarter, indicating continued demand for RLC’s office spaces.

The company’s hotel operations delivered an even stronger performance, with revenue increasing 10% to ₱3.41 billion. Growth was supported by contributions from Fili and RLC’s international hotel brands. Hotel EBITDA rose 13% to ₱1.08 billion, highlighting the segment’s improving profitability as travel and hospitality activities remained resilient.

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Among RLC’s recurring-income businesses, logistics recorded the fastest revenue growth. Revenue from the logistics segment surged 25% to ₱561 million, while EBITDA jumped 27% to ₱517 million. The strong performance underscores the growing contribution of logistics properties to RLC’s overall recurring-income platform.

RLC’s development portfolio also delivered substantial growth during the first six months of the year. Revenue from the segment increased 19% to ₱7 billion, while EBITDA rose 16% to ₱2.5 billion.

Residential development was a major driver of this performance, with revenue climbing 23% to ₱5.81 billion. The increase was primarily driven by construction progress and the recognition of revenue from ongoing residential projects. Residential EBITDA grew 24% to ₱1.44 billion.

The company generated ₱5 billion in net sales during the first half, consisting of ₱1.4 billion from wholly owned projects and ₱3.6 billion from joint ventures. RLC’s share in earnings from its joint ventures also increased 3% to ₱729 million.

GoBio said the company remains focused on strengthening its businesses and creating sustainable value as demand continues across both its recurring-income operations and development activities.

“As we continue to see strong demand across our recurring income businesses and development portfolio, we remain focused on creating long-term value for our stakeholders through prudent investments and operational excellence,” she said.

RLC also maintained a relatively strong financial position at the end of June. Total assets stood at ₱280.7 billion, while interest-bearing debt amounted to ₱33.6 billion. Its net gearing ratio remained at a manageable 10.9%, while cash reserves reached ₱13.4 billion.

The company generated ₱8 billion in free cash flow during the first half, providing additional financial flexibility to support its operations, investments and future expansion plans.

RLC also strengthened its capital position earlier in the year by raising ₱7 billion through an oversubscribed share placement in RCR, its real estate investment trust (REIT), in January.

The first-half results highlight the strength of RLC’s diversified business model, with recurring income from malls, offices, hotels and logistics complementing the company’s residential and property development operations. Despite economic and operational pressures, the company’s continued revenue growth, improving profitability and strong liquidity position provide a solid foundation for its expansion strategy for the remainder of 2026.