PSE-listed real estate developer Haus Talk, Inc. (HTI) on Tuesday reported third quarter financial results with a significant 76 percent surge in revenue, climbing from P681 million to P1.198 billion. Net income saw a 110 percent increase, reaching P299 million compared to P142 million in the same period last year. These figures already surpass HTI’s full-year 2023 revenue by 20 percent and net income by 23 percent, signaling strong growth momentum.
HTI’s improved profitability is also evident in its net income after tax (NIAT) margin, which increased by 4 percentage points to 25 percent, reflecting enhanced operational efficiency. The company attributes the performance to strong sales from key projects in Laguna, including The Granary in Biñan and Southview Homes Calendola in San Pedro, both of which are seeing high demand and a growing number of home handovers.
In addition to its sales performance, HTI benefits from government incentives as a recognized Expanding Developer of Economic Housing, including a 25 percent tax holiday and duty exemptions on imported equipment. These incentives help drive affordability for buyers and reduce project costs.
Francis Madlambayan, HTI head of corporate planning and investor relations, credited the company’s IPO-driven strategies for the strong results. “From strategic property acquisition to streamlined production and securing key government incentives, all of these elements have come together to fuel our growth,” he said.
With a housing backlog of approximately 6 million homes in the Philippines, primarily in the economic housing segment, HTI remains well-positioned to meet demand and continue delivering quality, affordable housing for Filipino families.
