Century Properties Group Inc. (CPG) closed the first quarter of the year with a reported profit of P473 million, up 16 percent from P410 million in 2024.
Revenues grew 4 percent to P3.724 billion from P3.579 billion a year ago, CPG said in a statement, noting the First-Home Residential Developments (PHirst) segment as a key driver of revenue growth.
PHirst contributed P2.24 billion which represents 60 percent of total revenues, followed closely by the Premium Residential Developments segment which accounted for 32 percent with a contribution of P1.18 billion, CPG said.
“The remaining revenue was derived from the Commercial Leasing and Property Management segments, which contributed 5 percent or P181 million and 3 percent or P130 million, respectively,” it added.
Marco Antonio, CPG chief executive officer and president, said the first quarter result “reflects the successful completion of key residential projects, strong sales take-up across our developments, and continued gains in operational efficiency.”
The company also benefitted from “improved financial discipline and debt management,” allowing it to reduce interest expenses and enhance profitability, said Antonio.
Early this year, CPG launched its first mid-rise residential development at Azure North in San Fernando, Pampanga.
According to Antonio, the second phase of the 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.
Last March, CPG also unveiled Century PHirst Centrale Batulao, 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,” Antonio said.
“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.
