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Manila Bulletin devider Business devider The Stock Market devider Century Properties profit rises 14% on suburban housing demand

Century Properties profit rises 14% on suburban housing demand

Published Apr 15, 2026 03:57 pm
Antonio-led developer Century Properties Group Inc. (CPG) reported a 14 percent increase in full-year net income as steady demand for suburban housing and consistent construction milestones bolstered its top line.
Net income rose to ₱2.77 billion from ₱2.44 billion a year earlier, CPG said. Consolidated revenues climbed 12 percent to ₱16.40 billion from ₱14.64 billion in 2024, supported by the expansion of its project portfolio and stable buyer appetite across its residential segments.
The company’s first-home brand, PHirst, remained the primary engine of growth, contributing ₱12.3 billion or 75 percent of total revenue.
Premium residential developments, meanwhile, accounted for ₱2.6 billion, or 16 percent of the total, while commercial leasing and property management contributed ₱0.9 billion and ₱0.5 billion, respectively.
“Our results reflect the strength of our diversified portfolio, the buoyancy of the Philippine housing market, and our focus on operational excellence,” Jose Marco R. Antonio, Century Properties president and chief executive officer, said in a statement.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) increased 21 percent to ₱5.28 billion. The company maintained a gross profit margin of 48 percent, aided by sustained contributions from both its affordable and high-end residential segments.
Century Properties is pursuing a dual-brand strategy to capture demand in key provincial corridors outside of the capital. The company is focusing on phased developments to manage capital more efficiently.
Rodel V. Marqueses, Century Properties chief financial officer and head of investor relations, said capital deployment remains selective and is guided by clear return thresholds across all housing categories.
Under its premium segment, the developer recently launched Cerulean Residences, a 25-hectare master-planned community in General Trias, Cavite. The move signals a strategic pivot toward high-growth suburban markets as urban congestion drives buyers further from the Metro Manila core.
In the same region, the PHirst brand unveiled PHirst Impressions Gen Tri, a 23.8-hectare project featuring more than 1,500 homes. This new development offers larger lot cuts and upgraded amenities, building on the sales momentum of the company's previous projects in the area.
PHirst also marked its entry into the Mindanao region with the launch of a development in General Santos City.
Antonio said the company is taking a measured and deliberate approach to long-term progress amid a dynamic economic environment, focusing on prudent risk management to ensure sustainable value for shareholders.

Related Tags

Century Properties Group Inc. Marco R. Antonio PHirst Park Homes Inc. Rodel V. Marqueses
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