RLC profit rises to P13.5B on portfolio growth

ROBINSONS LAND Corp. (RLC) said its attributable net income for 2025 rose 1.97% to P13.47 billion, supported by contributions from its investment and development portfolios.

The property developer posted consolidated revenues of P48.52 billion for the year, up 13% from the previous year across all segments.

Its investment portfolio grew 8%, while the development portfolio expanded 30%. The organic residential segment recorded a 71% increase in revenues, driven by improved inventory management and 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. 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,” RLC President and Chief Executive Officer Mybelle V. Aragon-GoBio said in a statement on Thursday.

The company said attributable income rose 9% year on year if noncore gains from the 2024 GoTyme investment reclassification and insurance are excluded.

As of Dec. 31, 2025, RLC had total assets of P275 billion, including P11.06 billion in cash, and shareholders’ equity of P185.05 billion after settling P13.80 billion in maturing debt.

The company reduced its net debt-to-equity ratio to 16% from 27% at the end of 2024, lowering exposure to interest rate and market volatility while strengthening liquidity.

RLC raised P13.96 billion through oversubscribed block placements of RL Commercial REIT (RCR) shares in April and September, which were 1.8 times and 3.7 times subscribed, respectively, reflecting strong investor demand.

The company infused nine mall assets into RCR, increasing the REIT’s market capitalization to P150.53 billion as of Dec. 31, 2025, while retaining a 60.51% ownership stake.

Robinsons Malls recorded full-year revenues of P19.67 billion, up 10% year on year. Rental income rose 11%, while same-mall sales increased 8%, supported by improving consumer activity.

Robinsons Offices posted revenues of P8.43 billion for 2025, up 6% from the previous year. Same-office occupancy rose 200 basis points to 90% on new leases, bringing overall portfolio occupancy to 85% including recently completed buildings, with business process outsourcing tenants occupying 82% of space.

Robinsons Hotels and Resorts reported an 8% increase in revenues to P6.50 billion as travel and tourism demand continued to recover.

Growth was supported by hotels operated by international brands and company-owned luxury properties, including the five-star Fili and ultra-luxury NUSTAR Cebu, which launched in May 2025. Systemwide occupancy reached 67%, up 100 basis points from the previous quarter and above the market’s 60%.

Robinsons Residences generated P5.18 billion in organic net sales and P3.11 billion from joint ventures in 2025.

RLX, Robinsons Land’s logistics and industrial unit, reported revenues of P890 million for 2025, driven by demand for industrial sites supporting supply chains and e-commerce.

“The portfolio maintained a 94% occupancy rate across 15 industrial facilities located in strategic logistics hubs, demonstrating continued tenant demand and the expansion of logistics activity,” RLC said.

“In line with the Company’s growth strategy, two additional logistics hubs — RLX Taytay 2 and RLC Calamba 2E — were completed in the fourth quarter of 2025, further strengthening its presence in key logistics corridors and positioning the platform to capture increasing demand from distribution, manufacturing, and e-commerce tenants,” it added.

Robinsons Destination Estates (RDE) recorded P1.06 billion in property development revenues, driven by deferred land sales to joint ventures that signal continued monetization of its development pipeline.

At the local bourse on Thursday, RLC shares fell 2.82% to P17.26 apiece. — Alexandria Grace C. Magno