Century Properties Group, Inc. (CPG) opened 2025 on a high note, reporting a 16% year-on-year increase in net income after tax (NIAT) to ₱473 million for the first quarter. This marks a solid jump from the ₱410 million recorded in the same period last year, underscoring the company’s steady growth trajectory.
Consolidated revenues also reflected upward momentum, climbing 4% to ₱3.724 billion from ₱3.579 billion in Q1 2024.
Driving this growth is the First-Home Residential Developments segment under the PHirst brand, which contributed ₱2.237 billion—or 60%—of total revenues. Premium Residential Developments followed closely, contributing ₱1.175 billion or 32%. Meanwhile, Commercial Leasing and Property Management contributed 5% (₱181 million) and 3% (₱130 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, the company launched its first mid-rise residential development at Azure North in San Fernando, Pampanga. The project introduces new resort-style amenities and will soon expand with a waterpark, four additional mid-rise buildings, and 49 townvillas. The first tower, Mykonos, was launched in February 2025 and is set for completion by 2027. Strategically located amid Central and North Luzon’s infrastructure developments, Azure North offers convenient access to Metro Manila and key provincial centers.
In March, CPG also unveiled Century PHirst Centrale Batulao, a 142-hectare mixed-use estate in Batangas built around the “15-minute city” concept. The development forms part of the company’s commitment to creating well-planned, accessible communities for Filipino families. The PHirst brand has now completed 15,000 homes and turned over 10,000 units to first-home buyers—a milestone that reflects CPG’s strong focus on the end-user market.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) rose by 14% to ₱988 million from ₱865 million in the previous year, driven by a 46% gross profit margin, continued strong performance from the PHirst segment, and lower borrowing costs.
As of March 31, 2025, CPG’s total assets stood at ₱57.736 billion, up ₱1.886 billion from the previous year. Total liabilities reached ₱35.233 billion, resulting in stockholders’ equity of ₱22.503 billion.
The company also reported improvements in its financial ratios. Its Debt-to-EBITDA ratio dropped to 4.1x from 5.0x, while its Debt-to-Equity ratio declined to 0.7x from 0.8x—indicators of better debt management and a stronger equity position.
“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.”
