Robinsons Retail’s 1Q 2025 Core Earnings Improves by 4.9% to P1.2 Billion

​Robinsons Retail Holdings, Inc.’s core earnings for the first quarter of 2025 stood at P1.2 billion, higher by 4.9% year-on-year, as the growth in operating income was complemented by lower interest expenses.

Consolidated net sales climbed 4.2% to P47.8 billion, underpinned by strong results from the Food, Drugstore, and Department Store segments. Revenues were also supported by new store sales and additional operating days following the shift in the Holy Week holidays to April this year from March in 2024. These factors helped offset the impact of fewer selling days in February, as 2024 was a leap year. Blended same store sales growth for the quarter stood at 3.0%, well within our full-year guidance of +2-4%.

Gross profit grew faster than revenues at +6.2% to P11.6 billion as a result of better category mix, continued supplier support, and improved inventory management. Meanwhile, operating income saw modest growth of 2.7% to P1.9 billion due to the uptick in manpower expenses given the full quarter impact of wage hikes last year and one-time costs related to the enhancements in our employee benefits program.

Net income attributable to equity holders of the parent company fell 85.0% to P760 million due to the one-time gain from the merger of the Bank of the Philippine Islands and Robinsons Bank booked early last year.

Total assets as of March 31, 2025, reached P168.9 billion, with cash balance clocking in at P9.1 billion. Capital expenditures for the first quarter amounted to P962 million. Total liabilities declined to P72.2 billion from P77.3 billion at end-December 2024 as we continue to pay down our payables. Stockholder’s equity stood at P96.7 billion.

“This year is off to a strong start, with the ongoing recovery in basket sizes continuing to drive revenue growth. 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,” said Stanley Co, President and CEO of Robinsons Retail Holdings, Inc.

As of March 31, 2025, Robinsons Retail has 2,448 stores consisting of 760 Food Stores, 1,131 Drugstores, 50 Department Stores, 225 DIY Stores, and 282 Specialty Stores. The company also has 2,116 franchised stores of TGP.