Net income attributable to the parent company grew by 25 percent year-on-year, reaching P6.52 billion, excluding a one-time gain from the reclassification of its GoTyme investment, a stock exchange filing on Friday showed.
Moreover, consolidated revenues increased by 9 percent to P21.33 billion, with significant contributions from its investment portfolio, which saw a 15 percent revenue jump to P15.86 billion.
Both earnings before interest, taxes, depreciation, and amortization (EBITDA) and EBIT improved, with EBITDA growing by 12 percent to P12.22 billion, and EBIT increasing by 14 percent to P9.44 billion.
Management’s view
“We are pleased to report a strong net income growth for the first half of the year. This is a testament to the timely implementation of our strategic initiatives and our sustained operational excellence,” RLC chair, president, and CEO Lance Gokongwei said.
“We remain committed to delivering value to our customers and shareholders, and we are optimistic about our growth prospects for the remainder of the year,” he added.
Malls, hotels
Robinsons Malls reported a 12 percent increase in revenues to P8.71 billion, driven by strong rental income and higher consumer spending.
Robinsons Hotels and Resorts experienced a 42 percent revenue surge to P2.85 billion, with EBITDA and EBIT increasing by 96 percent and 243 percent, respectively.
Offices and logistics
Robinsons Offices saw a 6 percent rise in revenues to P3.92 billion, with occupancy rates improving to 86 percent.
Robinsons Logistics and Industrial Facilities grew revenues by 31 percent to P385 million, supported by a 25 percent increase in EBITDA.
Robinsons Residences achieved a net sales take-up of P6.14 billion in the first half of the year, with P5.45 billion recorded in the second quarter alone.
These changes ensure clarity and maintain a consistent tone throughout the text.
