Robinsons Land Corporation (RLC) delivered another quarter of solid growth in 2Q26, with consolidated revenues increasing 9% year-on-year to P13.1 billion and net income rising 15% to P4.6 billion. Net income attributable to equity holders of the parent likewise improved by 8% to P3.7 billion, supported by robust operating performance and lower financing costs. EBITDA and EBIT grew by 10% and 11%, respectively, reflecting the Company's continued focus on operational efficiency and value creation across its diversified portfolio.

For 1H26, consolidated revenues reached P25.4 billion, up 10% from the same period last year, while net income expanded 12% to P9.0 billion. Net income attributable to equity holders of the parent increased 5% to P7.2 billion. EBITDA and EBIT both rose 8% year-on-year to P13.5 billion and P10.3 billion, respectively, demonstrating the strength and resilience of RLC's recurring and development businesses and positioning the Company well for the remainder of the year.

RLC continued to strengthen its financial position in 1H26, ending the period with P280.7 billion in total assets and a low net gearing ratio of 10.9%. Interest-bearing debt remained prudent at P33.6 billion, reflecting the Company's disciplined but opportunistic approach to capital allocation and balance sheet management.

Cash reserves stood at P13.4 billion, bolstered by P8.0 billion in free cash flow and the successful P7.0 billion oversubscribed RCR share placement in January 2026. This strong liquidity profile enhances RLC's ability to execute its growth strategy while maintaining financial flexibility amid evolving market conditions.

"Our strong first-half performance reflects the resilience of our diversified portfolio and the strategic execution of our growth strategy across all business segments. 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. As we continuе 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." said RLC President and CEO, Mybelle V. Aragon-GoBio.

INVESTMENT PORTFOLIO (72% of Revenues | 82% of EBITDA)

The investment portfolio remained the primary earnings driver, delivering stable and recurring income streams. Revenues grew 7% year-on-year to P18.4 billion, while EBITDA increased 6% to P11.0 billion.

Our Malls segment sustained its growth momentum in the second quarter, posting revenues of P5.0 billion, up 5% year-on-year, with EBITDA reaching P2.9 billion and EBIT increasing to P2.0 billion. This brought first-half revenues to P10.0 billion, up 6%, while EBITDA expanded to P6.0 billion and EBIT to P4.1 billion, reflecting the continued strength of our retail ecosystem, solid tenant performance, and disciplined asset management. These results l underscore the resilience of our mall platform and its ability to consistently generate sustainable earnings growth across market cycles.

Our Offices portfolio continued to generate stable recurring earnings, with 2Q26 revenues rising 5% to P2.20 billion and EBITDA reaching P1.72 billion. For 1H26, revenues grew 6% to P4.37 billion, while EBITDA and EBIT increased 5% to P3.42 billion and P2.78 billion, respectively, reflecting the resilience of our high-quality office assets and tenant base, with occupancy improving to 87% from 86% in 1Q26.

Our Hotels segment continued to deliver robust growth, with 2Q26 revenues increasing 7% to P1.69 billion and EBITDA rising 16% to P544 million. For 1H26, revenues reached P3.41 billion, up 10% year-on-year, while EBITDA and EBIT grew 13% to P1.08 billion and P588 million, respectively, supported by the growing contribution of Fili and the sustained strength of our international hotel brands.

Our Logistics segment delivered robust growth, with 2Q26 revenues surging 60% to P292 million and EBITDA increasing 69% to P268 million. For 1H26, revenues rose 25% to P561 million, while EBITDA and EBIT grew 27% to P517 million and 35% to P405 million, respectively.

DEVELOPMENT PORTFOLIO (28% of Revenues | 18% of EBITDA)

The development portfolio recorded robust growth, with revenues increasing 19% to P7.0 billion and EBITDA rising 16% to P2.5 billion, supported by improved project execution and revenue recognition Our Residential segment sustained its strong momentum, with 2Q26 revenues growing 11% to P3.09 billion and EBITDA reaching P683 million. For 1H26, revenues increased 23% to P5.81 billion, while EBITDA and EBIT expanded 24% to P1.44 billion and 25% to P1.36 billion, respectively, supported by higher construction progress and revenue recognition from our residential developments.

Our Equity Share in Joint Ventures delivered a strong second quarter, with contributions rising 48% to P548 million. This brought 1H26 equity earnings to P729 million, up 3% year-on-year, supported by higher contributions from key joint venture projects and the continued strength of our development partnerships.

For the first half, we generated P5.0 billion of net sales of which P1.4 billion was attributed to its organic projects and P3.6 billion from its joint ventures due to first quarter sales.

Subsequently, Destination Estates segment posted a strong 2Q26 recovery, with revenues, EBITDA, and EBIT increasing 41%, 53%, and 48%, respectively, to P356 million, P228 million, and P219 million. This brought 1H26 revenues to P517 million and EBITDA and EBIT to P310 million and P291 million, respectively, supported by higher project completion and revenue recognition from joint venture developments.

Capital expenditures reached P7.5 billion during the period, up from P5.7 billion in the same period last year, even without significant land acquisitions. The higher spending reflects the Company's continued commitment to executing its growth strategy and advancing key projects despite ongoing industry challenges.