Robinsons RetaiI delivers higher earnings, rewards shareholders

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May 1, 2026 | 12:00am

MANILA, Philippines — Robinsons Retail Holdings Inc. (RRHI) is rewarding its shareholders with a cash dividend of P2.13 billion before its planned voluntary delisting from the Philippine Stock Exchange.

RRHI’s board approved a P2 per share cash dividend from unrestricted retained earnings, payable to shareholders of record as of May 28, 2026.

The company will pay the dividend on June 10 using a payout ratio of 40 percent of RRHI’s 2025 consolidated net income attributable to equity holders of the parent company, excluding one-off non-cash gains.

“Today’s announcement of the declaration of a cash dividend underscores our commitment to delivering tangible value to our shareholders, reflecting our continued focus on disciplined capital allocation,” RRHI chairman Robina Gokongwei-Pe said.

RRHI clarified these dividends are separate from the P48.30 per share tender offer price from JE Holdings Inc. connected to the voluntary delisting.

Shareholders of record as of May 28, 2026, who join the tender offer will receive both RRHI dividends and the tender offer price from JE Holdings, totaling P50.30 per share.

“When combined with the tender offer consideration, this dividend increases the overall value received by shareholders in the context of today’s operating environment,” RRHI president and CEO Stanley Co said.

Co said the dividend reflects the board’s assessment of distributable earnings, providing investors with a return on the company’s 2025 performance, wherein it registered core net earnings of P6.7 billion, up by six percent from the previous year’s P6.4 billion.

Last month, RRHI disclosed that it received notice from JE Holdings, owned by the Gokongwei family, of intent to make a tender offer and pursue voluntary delisting from the PSE.

The tender offer will be made to shareholders of record for all issued and outstanding common shares of the company that are not beneficially owned by the proponents for the delisting.

RRHI listed on the PSE on Nov. 11, 2013, raising P28.12 billion from its initial public offering, including primary and over-allotment shares.

From January to March, RRHI delivered core net earnings of P1.3 billion, up by 6.2 percent from a year ago, driven by double-digit sales growth and continued operating discipline.

Net sales grew by 10.3 percent to P52.8 billion, supported by healthy blended same-store sales growth of 4.1 percent, incremental revenues from store expansion and the full-quarter contribution of Premiumbikes.

Net income attributable to equity holders of the parent company, however, declined to P489 million during the three-month period.

This was attributed primarily to higher interest expenses related to the DFI Group share buyback and acquisition financing, as well as losses from equity investments, both of which are non-operational items excluded from core earnings.

Co said that while RRHI demonstrated resilience in the first quarter, the company continues to be mindful of the heightened uncertainty related to the Middle East conflict.

“Ongoing geopolitical risks are already translating into higher operating costs and softer consumer confidence as we enter the second quarter. Against this backdrop, we remain focused on executing well in the areas within our control,” he said.