RRHI’s Public-Market Farewell Is Clouded by Losses on Hard-Discount Investments and Rising Finance Costs
The retailer’s sales are still growing, but losses at HD Retail, heavier interest charges and rising operating expenses cloud its departure from the Philippine Stock Exchange. MANILA— Robinsons Retail Holdings Inc. is preparing to bid goodbye to the public market with a familiar retail paradox: Its stores are selling more, but an expanding collection of costs and investment losses is making that growth less rewarding. For the six months ended June 30, 2026, the Gokongwei-controlled retailer reported net sales of ₱106.75 billion , up 8.4% from ₱98.48 billion a year earlier. Gross profit rose 8.6% to ₱25.98 billion , helped by a sprawling portfolio that includes supermarkets, drugstores, department stores, hardware outlets, convenience stores and specialty retailers. Yet the gains at the checkout counter didn’t fully reach the bottom line. Operating expenses grew 11.4% to ₱22.62 billion , faster than both sales and gross profit. Meanwhile, RRHI’s share of losses from associates ro...