Robinsons Land sticks to ₱25B profit goal by 2030

Property developer posts ₱4.4B Q1 profit, continues project rollout.

Robinsons Land Corporation (RLC) is keeping its long-term earnings target in view, with management saying the company is still aligned with its goal of reaching ₱25 billion in net income by 2030, even as higher construction costs and uneven demand continue to shape the property market.

RLC reported first-quarter net income of ₱4.4 billion, up 9% from a year earlier, while revenues climbed 11% to ₱12.28 billion, supported by stronger contributions from its diversified portfolio and development businesses.

Speaking at the company’s annual shareholders’ meeting on Wednesday, president and chief executive officer Mybelle Aragon-Gobio said RLC will press ahead with its pipeline of projects while keeping a disciplined watch on spending, capital deployment, and construction costs across its developments.

For an industry where expansion plans are being scrutinized more closely, RLC’s decision to keep projects moving signals continued activity across construction, retail leasing, office space, hospitality, brokerage, and supplier networks tied to one of the country’s biggest property groups.

Earlier this week, the company also announced a ₱1.00 cash dividend per common share, payable on June 8 to shareholders on record as of May 26, giving investors an immediate return while management pursues its longer-term earnings goal.

 

 

RLC isn’t flinching. With a ₱4.4B Q1 profit in the bag and a ₱1.00 cash dividend on the way, Robinsons Land reaffirms its path to a ₱25B net income by 2030.