MANILA, Philippines — Robinsons Land Corporation (RLC), the property development arm of the Gokongwei group, reported an 11% year-on-year increase in consolidated net income to ₱13.4 billion for the first nine months of 2026.
The company’s financial results show that income before tax rose 11% to ₱14.5 billion, while attributable net income grew by 4% to ₱10.6 billion despite higher contributions directed to joint-venture partners.
Consolidated revenues improved by 8% to reach ₱38.5 billion, and earnings before interest, taxes, depreciation, and amortization (EBITDA) went up 6% to ₱20.2 billion.
“RLC delivered another period of solid earnings growth, underpinned by the resilience of our recurring income businesses and the strength of our balance sheet,” said Robinsons Land President and CEO Mybelle Aragon-GoBio.
She noted that “the continued expansion of our malls, offices, hotels, and logistics portfolio provides us with a growing and stable earnings base, while our development businesses create additional value through strategic project execution.”
Segment Performance and Business Expansion
RLC’s financial momentum was driven by resilient performance across its diversified business units:
- Malls: Maintained its position as the firm’s largest earnings contributor, generating ₱15.4 billion in revenues, ₱9.1 billion in EBITDA, and ₱6.3 billion in EBIT—marking year-on-year growths of 6%, 4%, and 4%, respectively. Growth was propelled by higher revenues from existing and new malls despite weather disruptions.
- Offices: Secured stable recurring earnings with revenues of ₱6.6 billion, EBITDA of ₱5.2 billion, and EBIT of ₱4.2 billion, reflecting increases of 5%, 5%, and 4%. Milestone developments during the period included the completion of the fully leased Cybergate Dumaguete and the expansion of the work.able flexible workspace platform.
- Hotels: Generated ₱5 billion in revenues, ₱1.5 billion in EBITDA, and ₱789 million in EBIT, up 5%, 7%, and 3%, respectively, backed by steady demand across business travel, events, and leisure segments.
- Logistics (RLX): Emerged as RLC’s fastest-growing business unit, with revenues surging 31% to ₱863 million, EBITDA jumping 33% to ₱797 million, and EBIT climbing 43% to ₱627 million, supported by newly completed facilities and a low base from the previous year.
- Residential: Delivered ₱10.1 billion in revenues, ₱3.1 billion in EBITDA, and ₱3 billion in EBIT, representing respective growths of 15%, 9%, and 9% driven by project completions and prior-period sales.
- Destination Estates: Recorded ₱717 million in revenues and ₱428 million in EBITDA, reflecting 6% and 7% year-on-year improvements.
Additionally, equity earnings from joint ventures reached ₱956 million, with combined reservation sales from core projects and joint ventures totaling ₱19.24 billion.
Future Growth Initiatives
To deepen customer engagement and extend property dwell times, RLC introduced its newest division, Robinsons Sports and Leisure (RSL). The division’s upcoming lifestyle and entertainment pipeline features concepts such as GX Sports, Helios Beta, new pickleball venues, the Helios Pickleball Center, and the NUSTAR Grand Theater, all aimed at bolstering long-term foot traffic and strengthening the company’s recurring income ecosystem.