October 26, 2025 | 12:00am
MANILA, Philippines — The retail unit of the Robinsons Group increased core profit by four percent in the nine months to September, putting it in a position to grow further during the Christmas season.
Based on its financial report, Robinsons Retail Holdings Inc. (RRHI) pushed up its core earnings to P1.47 billion in the third quarter from P1.43 billion a year ago.
To date, RRHI’s core profit has gone up by four percent to P4.23 billion due to the growth in gross margin expansion.
RRHI measures core earnings as profit minus external factors like gains and losses from foreign exchange; interest income from bonds; and equity in earnings from associates. It also takes away the impact of the merger of the Bank of the Philippine Islands (BPI) and Robinsons Bank Corp.
If external factors are considered, RRHI’s net income dropped by 60 percent to P3.12 billion in the nine months to September. This is attributed to last year’s high base from a one-time gain in the BPI-Robinsons Bank merger.
Still, things are looking up for RRHI ahead of the holiday season, with the third quarter putting in work by registering P50.8 billion in net sales.
Between January and September, RRHI’s net sales jumped by five percent to P149.28 billion, as the company saw same-store sales growth settle at three percent.
RRHI said it has managed to keep sales up through efficiency efforts, defying risks like weather disturbances and the adjustment in school opening to June.
RRHI president and CEO Stanley Co said the company eyes to deliver higher revenue and profit in the months ahead. Traditionally, retail giants like RRHI see a spike in sales from November to December, as Filipinos prepare their gifts and shop for food for Christmas.
“The strength of our core businesses and continued focus on operational efficiency have enabled the company to deliver sustained growth and profitability,” Co said.