MANILA, Philippines – Robinsons Retail Holdings Inc. (RRHI) disclosed a significant 67 percent decrease in its net income for the first half of the year, amounting to P2.25 billion. This decline was primarily attributed to the absence of a one-time gain recorded last year following the merger between Robinsons Bank and the Bank of the Philippine Islands.

Excluding this exceptional item, RRHI’s core net income actually increased by 4.3 percent, reaching P2.76 billion. The company credited this growth to strong performances from its food, drugstore, and department store divisions, according to a filing submitted to regulators on Tuesday.

Total revenues rose 5.1 percent to P98.48 billion, benefitting from reduced inflation rates that enhanced consumer purchasing power across the retail spectrum.

Company president and CEO Stanley Co highlighted that election-related spending and the reopening of schools contributed to exceeding the company’s full-year sales projections. "We intend to build on this momentum by further expanding our store network and driving operational efficiencies in the coming months," Co stated.

Operating income also saw an increase of 5.2 percent, reaching P4.3 billion, driven by effective cost controls and improved inventory management.

As of the end of June, RRHI operated 2,471 stores and supported 2,116 franchised locations of The Generics Pharmacy. The company continues to diversify its portfolio beyond its traditional food, drugstore, specialty, and department store formats.

In a strategic move to broaden its revenue sources, RRHI announced the acquisition of Premiumbikes Corp., a local distributor for major motorcycle brands like Yamaha, Honda, and Suzuki. The acquisition, valued at P146.47 million, was executed through its subsidiary Robinsons Supermarket Corp. and is pending approval by the Philippine Competition Commission.

The entry into motorcycle retailing reflects RRHI’s goal of tapping into a rapidly growing and profitable market segment, reinforcing its commitment to sustainable growth and diversification.