Century Properties Group Inc. (CPG) delivered a strong start to 2025, with robust sales across its residential projects driving a 16 percent year-on-year increase in net income, which reached P473 million in the first quarter.
Consolidated revenue grew by 4 percent, reaching P3.72 billion. The majority of the revenue came from the First-Home Residential Developments (PHirst) segment, which contributed P2.24 billion, or 60 percent of total revenue. The Premium Residential Developments segment followed closely, adding P1.18 billion, or 32 percent. The Commercial Leasing and Property Management segments contributed P181 million and P130 million, respectively.
Marco R. Antonio, president and chief executive officer of Century Properties, credited the company’s strong performance to the completion of key residential projects, strong sales take-up, and enhanced operational efficiency. He also emphasized the role of improved financial discipline and debt management in reducing interest expenses and boosting profitability.
CPG’s earnings before interest, taxes, depreciation, and amortization (EBITDA) increased by 14 percent, rising to P988 million from P865 million in Q1 2024. This growth was driven by a 46 percent gross profit margin, continued contributions from the PHirst segment, and lower borrowing costs.
The company also made significant strides in improving its debt ratios. The Debt-to-EBITDA ratio decreased to 4.1 times from 5.0 times, while the debt-to-equity ratio dropped to 0.7 times from 0.8 times, reflecting a reduction in debt and a stronger equity base.
As of 31 March 2025, CPG’s total assets grew by P1.89 billion to P57.74 billion. Total liabilities stood at P35.233 billion, leaving stockholders’ equity at P22.50 billion.
Looking ahead, CPG remains focused on expanding its presence in both affordable and premium residential segments, with plans to continue developing sustainable and thoughtfully designed communities.
