Robinsons Land Unsp/Adr (RBLAY) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, good afternoon and thank you for joining us in our first quarter annualist briefing. Joining us today are President and CEO, Ms. Michael Orobri Aragon-Gobio, Secretary Vice President and General Manager for Malls and Destination Estate, Divisions, Mr. Faraday Ndigo, our Chief Financial Officer, Mr. Kirby Tang, and our Chief Strategist, Ramon Rivero and the rest of the IRT. Presenting us today is Mr. Kermit Tan and also Mr. Ramon Rivero. After the presentation, we will open the floor for a Q&A session. Before we proceed, I'd like to draw your attention to this disclaimer for a couple of seconds. We encourage you to review our discussion and refer to our official findings for more detailed information. Now, let's start the presentation. Mr. Currie, you may begin. Robinson's Land remains committed to strengthening its diversified portfolio and broadening its nationwide footprint through developments that support sustainable growth and long-term value to Asia. Robin's plan delivered solid financial results and sustained its growth momentum in the first quarter of 2026. RLC's consolidated revenues rose 11% year-on-year to 12.28 billion pesos, supported by solid contributions from both the investment and development portfolios. Operating profitability remained healthy, with EBITDA increasing by 5% to 6.59 billion pesos. Growth was tempered by higher utility expenses due to a lower comparative cost base in the first quarter of 2025. The subsequent power rate adjustments were implemented in the second quarter of 2025. Core earnings momentum remained strong as net income expanded by 9% to 4.4 billion pesos. The faster growth versus even net was mainly driven by lower financing costs due to repayment of debt, and a reduced effective tax rate, following th...