The company’s investment portfolio posted 14 percent revenue growth, contributing 77 percent to total earnings, while consolidated revenues rose 4 percent to P31.42 billion.
Management’s view
“Our earnings for the first nine months have demonstrated agility, with continued positive growth in our bottom line,” RLC chair, president and CEO Lance Gokongwei said in a statement.
“This performance is a testament to the strength and diversity of our business within RLC. We remain optimistic about our overall growth prospects, as our business segments are resilient and sustainable,” he added.
Malls, offices, and hotels
Robinsons Malls reported a 12 percent revenue increase to P13.16 billion in the first nine months of the year, driven by higher rental income, new mall occupancy, and increased tenant sales.
Robinsons Offices saw a 7-percent revenue rise to P5.92 billion, supported by rental growth in top-tier properties and an 86 percent occupancy rate.
Robinsons Hotels and Resorts achieved a 33-percent jump in revenues to P4.32 billion, led by international brands, Fili Hotel, and robust food and beverage sales.
Residential segment
RLC Residences recorded P3.13 billion in net sales and launched three new projects, contributing to P6.46 billion in realized revenues.
RLC invested P17.83 billion in capital expenditures and maintains a landbank of 838 hectares, securing development for the next decade.
Logistics, estates
Robinsons Logistics and Industrial Facilities posted a 36 percent revenue increase to P649 million, with Ebitda (earnings before interest, taxes, depreciation, and amortization) up 34 percent to P596 million and Ebit (earnings before interest and taxes) climbing 39 percent to P465 million.
The new RLX Sierra 2 facility expanded their leasable space to 244,000 square meters across ten locations.
Robinsons Destination Estate generated P867 million in property development revenues from land sales to joint ventures, with Ebitda and Ebit at P516 million and P513 million.
