CPG income up 14% on housing sales

Listed property developer Century Properties Group Inc. (CPG) posted a 14 percent rise in net income after tax to P1.22 billion in the first half of the year, from P1.07 billion a year ago driven by strong sales in affordable and premium housing.

In a stock exchange report on Monday, the Antonio Family-led firm said revenues grew 7 percent to P7.64 billion from P7.16 billion.

The PHirst affordable housing segment remained the main revenue source at P5.23 billion or 68 percent of the total.

Premium residential projects brought in P1.61 billion or 21 percent, while commercial leasing and property management earned P535 million and P264 million, respectively.

“Our strong performance in the first half of 2025 reflects the continued trust of our customers and the resilience of our diversified portfolio,” CPG president and CEO Marco R. Antonio said.

As of June, CPG's total assets stood at P58.19 billion, with liabilities at P35.55 billion and equity at P22.64 billion. The Debt-to-EBITDA ratio improved to 3.9x from 4.1x, while Debt-to-Equity fell to 0.7x from 0.8x.

To sustain its growth, PHirst will roll out six to eight new projects this year, including its first in Mindanao in the third quarter.

CPG will also launch two premium horizontal projects in Pampanga and Cavite next year.