(Manila, 11 May 2026; PSE Ticker: RLC) – Robinsons Land Corporation (RLC) reported strong first-quarter 2026 results, with consolidated revenues rising 11% to ₱12.28 billion, and net income increasing 9% to ₱4.40 billion, driven by the strength of its diversified portfolio and improved contributions from its development businesses, while net income attributable to equity holders of the parent stood at ₱3.54 billion.

STRATEGIC FINANCIAL PERFORMANCE

RLC’s current strength is the direct result of the foresight embedded in Vision 5:25:50, a roadmap that intentionally pivoted the company toward a more investment-driven, recurring-income model well ahead of market shifts. By actively monetizing assets and maintaining a principled balance sheet, RLC has secured a resilient liquidity profile despite macroeconomic headwinds. Total assets grew to ₱286.38 billion, while interest-bearing debt remained at a highly conservative ₱39.55 billion, resulting in an exemplary net gearing of 9.64%, a testament to a legacy of fiscal prudence and strategic inventory management.

Cash reserves reached ₱21.72 billion, supported by ₱4.47 billion in free cash flow and enhanced by the oversubscribed ₱7.00 billion RCR share placement in January 2026. This substantial capital cushion underscores RLC’s operational stability and its unwavering commitment to delivering on its strategic promises through deliberate execution.

“Our performance is a validation of being intentional early on, transitioning our portfolio towards more recurring income and building deep cash reserves—establishing a robust financial cushion as a cornerstone of our risk management strategy. RLC remains steadfast in its ability to sustain earnings momentum, backed by a diversified, high-quality portfolio and an enduring commitment to financial discipline,” said RLC President and CEO, Mybelle V.  Aragon GoBio.

INVESTMENT PORTFOLIO (75% of Revenues | 85% of EBITDA)

The investment portfolio remained the primary earnings driver, delivering stable and recurring income streams.  Revenues grew 8% year-on-year to ₱9.2 billion, while EBITDA increased 4% to ₱5.6 billion.

  • Malls posted steady growth, with revenues rising 7% to ₱5.1 billion and EBITDA up 3% to ₱3.1 billion, reflecting resilient consumer demand and stable tenant performance. 
  • Offices continued to perform well, with revenues increasing 8% to ₱2.2 billion and EBITDA growing 6% to ₱1.7 billion, supported by stable occupancy and lease escalations. 
  • Hotels delivered the strongest growth within the segment, with revenues up 14% to ₱1.7 billion and EBITDA rising 10% to ₱537 million, driven by strong performance from international brands and NuStar’s hotels. 
  • Logistics remained stable at ₱269 million in revenues and ₱250 million in EBITDA, reflecting steady operations.

Overall, the investment portfolio continued to provide stable recurring income and strong margin contribution.

DEVELOPMENT PORTFOLIO (25% of Revenues | 15% of EBITDA)

The development portfolio recorded robust growth, with revenues increasing 22% to ₱3.1 billion and EBITDA rising 7% to ₱1.0 billion, supported by improved project execution and revenue recognition

  • Residential was the key growth driver, with revenues surging 39% to ₱2.7 billion and EBITDA increasing 55% to ₱754 million, driven by accelerated construction progress and higher revenue recognition.  Generated ₱3.74 billion of net sales of which ₱455 million was attributed to its organic projects and ₱3.29 billion from its joint ventures.
  • Joint Ventures equity earnings reported ₱181 million declined 46% year-on-year due to depleted inventory.
  • Destination Estates also recorded lower contributions, with revenues down 28% to ₱161 million and EBITDA down 37% to ₱82 million, due to project phasing. 

The strong residential performance supported overall growth in the development portfolio.

Capital expenditure spent in the period was ₱3.25 billion slightly higher than ₱3.23 billion in the same period last year.

RLC remains on track to achieve its long-term growth targets under the Vision 5:25:50 framework. The Company’s diversified asset base and fiscal prudence provide a stable foundation for expansion, with each business segment advancing according to planned execution milestones. By maintaining a disciplined operational strategy, RLC continues to deliver on its corporate commitments and drive consistent value creation for its shareholders.

 

Robinsons Land Corporation continues to adapt and thrive in dynamic market conditions, positioning itself as a leader in the real estate industry in the Philippines.

For more information, please visit www.robinsonsland.com or contact:

Mr. Rommel L. Rodrigo              rommel.rodrigo@robinsonsland.com;

Ms. Cialeit Denisse Ann Fabro   cialeitdenisseann.fabro@robinsonsland.com;  investor.relations@robinsonsland.com

Tel. no#: +632 8397 1888 loc 31536

 

About Robinsons Land Corporation

Robinsons Land Corporation (RLC) is one of the Philippines' leading real estate developers and is a subsidiary of JG Summit Holdings, Inc. RLC's diverse portfolio includes residential, commercial, and mixed-use developments, as well as hotels, offices, and industrial facilities. The company is committed to providing quality and innovative real estate solutions to its customers and stakeholders.