ROBINSONS Land Corp. (RLC) on Friday reported an 11-percent increase in consolidated net income to P13.4 billion in the first nine months of 2026, supported by growth across its property businesses.
Consolidated revenues rose 8 percent to P38.5 billion from P35.61 billion in the same period last year, while earnings before interest, taxes, depreciation and amortization (Ebitda) increased 6 percent to P20.2 billion from P19.03 billion.
Net income attributable to the parent company reached P10.6 billion, up 4 percent from P10.17 billion a year earlier.
The company’s malls business remained its largest earnings contributor, generating P15.4 billion in revenue, up 6 percent year on year, with Ebitda of P9.1 billion, up 4 percent from last year.
Its office segment posted a 5-percent increase in revenue to P6.6 billion, while Ebitda also rose 5 percent to P5.2 billion.
The residential business recorded revenue of P10.1 billion, up 15 percent, with Ebitda increasing 9 percent to P3.1 billion. Reservation sales reached P19.24 billion during the period.
The logistics segment posted the fastest growth among its businesses, with revenue climbing 31 percent to P863 million and Ebitda rising 33 percent to P797 million.
The hotels and resorts business generated P5 billion in revenue, up 5 percent, while Ebitda increased 7 percent to P1.5 billion. The company said the temporary closure of Summit Hotel General Santos following an earthquake affected its third-quarter performance.
“Our performance this quarter underscores the strength and resilience of our core businesses. Despite a more competitive environment and strategic reinvestments, we sustained healthy profitability and expanded our revenue base,” RLC President and CEO Mybelle Aragon-GoBio said.
As of end-September, RLC operated 57 malls with a gross leasable area (GLA) of 1.7 million square meters and an occupancy rate of 94 percent. Its office portfolio comprises 35 buildings with 897,000 square meters (sqm) of GLA and 87-percent occupancy.
The company also reported 15 logistics facilities with a combined GLA of about 328,000 sqm.
Capital expenditures reached P14.6 billion during the nine months, while debt declined 15 percent to P33.6 billion, bringing its net debt-to-equity ratio to 0.10 times. Free cash flow stood at P8.1 billion.
RLC shares on Friday slipped P0.04, or 0.25 percent, to close at P16.18 each.
