Robinsons Retail Holdings, Inc. (RRHI) reported a net income of Php760 million for the first quarter of 2025, down 85% year-on-year, primarily due to the absence of a one-time gain from the merger between Bank of the Philippine Islands and Robinsons Bank, which was recognized in early 2024.
Stripping out this one-off, RRHI’s core earnings rose 4.9% year-on-year to Php1.2 billion, supported by a combination of lower interest expenses and growth in operating income.
Consolidated net sales for the quarter reached Php47.8 billion, up 4.2% from the previous year, driven by solid performance in the Food, Drugstore, and Department Store segments. Revenue growth was further bolstered by the contribution of new store openings and additional operating days due to the shift in Holy Week holidays from March last year to April this year. These gains offset the effect of fewer selling days in February, as 2024 was a leap year.
Blended same-store sales grew 3.0%, in line with the company’s full-year guidance of 2–4%.
Gross profit outpaced revenue growth, climbing 6.2% to Php11.6 billion, thanks to an improved category mix, sustained supplier support, and better inventory management. Operating income rose modestly by 2.7% to Php1.9 billion, tempered by higher manpower expenses linked to last year’s wage hikes and one-time costs from enhancements to employee benefits.
As of March 31, 2025, RRHI’s total assets stood at Php168.9 billion, with a cash balance of Php9.1 billion. Capital expenditures for the quarter totaled Php962 million. Total liabilities decreased to Php72.2 billion from Php77.3 billion at the end of December 2024, reflecting continued efforts to reduce payables. Stockholders’ equity reached Php96.7 billion.
“This year is off to a strong start, with the ongoing recovery in basket sizes continuing to drive revenue growth,” said Stanley Co, President and CEO of Robinsons Retail. “To sustain this momentum, we will further optimize our assortment, accelerate store expansion, and unlock greater operational efficiencies. As we navigate the dynamic retail environment, we remain focused on creating long-term value for our stakeholders by strengthening our fundamentals and advancing our sustainability agendas.”
As of end-March 2025, Robinsons Retail operated 2,448 stores, including 760 Food Stores, 1,131 Drugstores, 50 Department Stores, 225 DIY Stores, and 282 Specialty Stores. Additionally, the company oversaw 2,116 franchised outlets under The Generics Pharmacy (TGP) brand.
