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Strong affordable housing and premium residential sales outside of Metro Manila led to a double-digit growth in earnings of Century Properties Group Inc. (CPG).
The firm said it has continued its strong momentum in the first quarter of 2025, reporting a net income of ₱473 million, a 16 percent increase compared to ₱410 million during the same period in 2024. Consolidated revenues also saw growth, improving four percent to ₱3.72 billion from ₱3.59 billion.
“Our first quarter performance reflects the successful completion of key residential projects, strong sales take-up across our developments, and continued gains in operational efficience,” said CPG President and CEO Marco R. Antonio.
He noted that, “We also benefitted from improved financial discipline and debt management, allowing us to reduce interest expenses and enhance profitability.”
The First-Home Residential Developments (PHirst) segment was a key driver of revenue growth, contributing ₱2.24 billion, which represents 60 percent of total revenues. Following closely, the Premium Residential Developments segment accounted for 32 percent with a contribution of ₱1.18 billion.
The remaining revenue was derived from the Commercial Leasing and Property Management segments, which contributed five percent or ₱181 million and three percent or ₱130 million, respectively.
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.
It 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, CPG’s 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 its 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 ₱988 million, from ₱865 million in the first quarter of 2024. This was driven by a gross profit margin of 46 percent, sustained contributions from the PHirst segment, and lower borrowing costs.
“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.
He said “Our strong first quarter results demonstrate our operational agility, solid market fundamentals, and our confidence in the country’s long-term housing demand.”
