Net profit by the Antonio family-led Century Properties Group (CPG) soared to P473 million in the first quarter of the year, a 16 percent increase compared to the revenue they made last year.

In its official report on Tuesday, it said that consolidated revenues also posted a 4 percent growth to P3.724 billion from last year’s P3.579 billion.

The First-Home Residential Developments (PHirst) segment was a key driver of revenue growth, contributing P2.237 billion, which represents 60 percent of total revenues, trailed by CPG’s Premium Residential Developments segment, which accounted for 32 percent with a contribution of P1.175 billion.

The remaining revenue was derived from the Commercial Leasing and Property Management segments, which contributed 5 percent or P181 million and 3 percent or P130 million, respectively.

“Our first quarter performance reflects the successful completion of key residential projects, strong sales take-up across our developments, and continued gains in operational efficiency. We also benefited from improved financial discipline and debt management, allowing us to reduce interest expenses and enhance profitability,” said Marco R. Antonio, President and CEO of CPG.

Early this year, CPG launched its first mid-rise residential development at Azure North in San Fernando, Pampanga, along with new resort-style amenities that elevate the living experience. The second phase of this Pampanga-based community will add a waterpark, four more mid-rise buildings, and 49 town villas, with the first tower, Mykonos, launched in February 2025 and set for completion by 2027.

Strategically located amid Central and North Luzon’s infrastructure boom, Azure North offers easy access to Metro Manila and key provincial hubs, supporting the region’s growing urban landscape.

CPG also unveiled Century PHirst Centrale Batulao in March 2025, a 142-hectare mixed-use estate in Batangas designed around the “15-minute city” concept. At the same time, our PHirst brand reached a milestone with the completion of 15,000 homes and the turnover of 10,000 units to Filipino first-home buyers, reinforcing our commitment to building inclusive, well-planned communities for the end-user market.

CPG’s earnings before interest, taxes, depreciation, and amortization (EBITDA) also saw robust growth, increasing by 14 percent to P988 million from P865 million in Q1 2024. This was driven by a gross profit margin of 46 percent, sustained contributions from the PHirst segment, and lower borrowing costs.

As of 31 March 2025, CPG’s total assets grew by P1.886 billion to P57.736 billion, while total liabilities stood at P35.233 billion, resulting in stockholders’ equity of P22.503 billion.

“As we scale across both affordable and premium segments, we remain committed to our mission of serving the end-user market with thoughtfully designed and sustainable communities—whether through PHirst in growth cities nationwide or through Century-branded premium residential developments outside Metro Manila, supported by our commercial leasing and property management arms,” Antonio added.

“Our strong first quarter results demonstrate our operational agility, solid market fundamentals, and our confidence in the country’s long-term housing demand,” according to the CPG top official.