Robinsons Land (RLC) AGM 2025 summary

Opening remarks and agenda

• Meeting commenced with confirmation of quorum, introduction of board members, and presentation of the President's Report, ensuring compliance with procedural requirements and outlining the agenda focused on financial performance and strategic direction.

• Rules for participation, voting, and Q&A were outlined, with questions accepted via email and selected for live response.

Financial performance review

• Total assets reached PHP 261.8 billion as of December 2024, with shareholders' equity at PHP 161.5 billion and net debt-to-equity ratio improving to 27.38%.

• Net income attributable to parent rose 10% to PHP 13.21 billion, driven by investment gains and strategic asset reclassification.

• Consolidated revenues increased 2% to PHP 42.88 billion; EBITDA and EBIT also grew 2%.

• Malls, offices, hotels, and logistics segments contributed 77% of revenues, all posting revenue and EBITDA growth, while residential revenues declined by 34%.

• Capital expenditures totaled PHP 21.98 billion, supporting expansion across all segments.

Board and executive committee updates

• Board members and independent directors were introduced and subsequently re-elected for the ensuing year.

• Leadership transition acknowledged, with appreciation for the new President and CEO's strategic direction.