Century Properties Group Inc. (CPG), the listed property developer backed by the Antonio Family, pushed its earnings higher in the first nine months of the year, delivering a 17 percent rise in net income after tax to P2.10 billion from P1.80 billion a year ago.
Buoyed by its residential segments, the company reported on Friday that revenues for the period also climbed 14 percent to P12.31 billion from P10.79 billion in 2024, with the First-Home Residential Developments (PHirst) segment contributing P8.4 billion, or 68 percent of the total.
Premium Residential Developments, on the other hand, added P2.8 billion, while Commercial Leasing generated P711 million and Property Management contributed P400 million.
“By balancing PHirst and Premium residential segments, we are able to sustain our growth as it diversifies our revenue streams and expands our footprint across the nation's key growth corridors,” CPG president and CEO Marco R. Antonio said.
EBITDA improved to P3.6 billion from P3.4 billion last year, supported by a 46 percent gross profit margin, continued contributions from both residential segments, and lower borrowing costs.
Total assets rose to P62.8 billion as of the end of September, while stockholders’ equity reached P23.5 billion.
Antonio said the company remains upbeat, noting that “as we look to the remainder of the year, we are optimistic that housing demand will remain resilient, and our commitment is to deliver value not only to our homeowners and customers but also to our shareholders and communities.”