Century Properties Group’s Net Income Jumps 16% to P473 Mn in 1Q 2025

Century Properties Group Inc. (CPG) has continued its strong momentum in the first quarter of 2025, reporting a net income after tax (NIAT) of P473 million, a 16% increase compared to P410 million during the same period in 2024. Consolidated revenues also saw growth, rising 4% to P3.724 billion from P3.579 billion.

The First-Home Residential Developments (PHirst) segment was a key driver of revenue growth, contributing P2.237 billion, which represents 60% of total revenues. Following closely, the Premium Residential Developments segment accounted for 32% with a contribution of P1.175 billion. The remaining revenue was derived from the Commercial Leasing and Property Management segments, which contributed 5% or P181 million and 3% or P130 million, respectively.

“Our first quarter performance reflects the successful completion of key residential projects, strong sales take-up across our developments, and continued gains in operational efficiency. We also benefitted from improved financial discipline and debt management, allowing us to reduce interest expenses and enhance profitability,” said Marco R. Antonio, President and CEO of CPG.
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. The second phase of this Pampanga-based community will add a waterpark, four more mid-rise buildings and 49 townvillas, with the first tower, Mykonos, launched in February 2025 and set for completion by 2027. Strategically located amid Central and North Luzon’s infrastructure boom, Azure North offers easy access to Metro Manila and key provincial hubs, supporting the region’s growing urban landscape.

CPG 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, our 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 our 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% to P988 million, from P865 million in Q1 2024. This was driven by a gross profit margin of 46%, sustained contributions from the PHirst segment, and lower borrowing costs.

As of March 31, 2025, CPG’s total assets grew by P1.886 billion to P57.736 billion, while total liabilities stood at P35.233 billion, resulting in stockholders’ equity of P22.503 billion.

The company also saw significant improvement in its Debt-to-EBITDA ratio, which dropped to 4.1x from 5.0x, reflecting its continued revenue growth and improved profitability. Its Debt-to-Equity ratio also declined to 0.7x from 0.8x, indicating both a reduction in debt and a strengthening of its equity base.

“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. “Our strong first quarter results demonstrate our operational agility, solid market fundamentals, and our confidence in the country’s long-term housing demand.”