Haus Talk Inc. (HTI) said its net income rose 51 percent year-over-year in 2024 reaching P365 million from P241 million in 2023.
In a disclosure to the Philippine Stock Exchange on April 22, HTI said its revenues jumped 39 percent to P1.4 billion in 2024 from nearly P1 billion in 2023.
The company attributed the rise in net income to the favorable impact of an income tax holiday and operational efficiencies through strategic investments in advanced construction methodologies.
One of these technologies is Cast In Place which collectively expanded the company’s net income margin to a healthy 26 percent, but HTI did not provide the figure.
“This substantial growth in net income underscores HTl’s ability to translate strong sales into stronger profitability,” the company said in the disclosure.
Since its initial public offering in 2022, HTI said it has registered a compound annual growth rate of 33 percent for revenue and 39 percent for net income.
“This steady upward trend underscores the efficacy of the company’s strategic focus on the affordable housing sector,” HTI said.
The company said key contributors to HTI’s performance include its portfolio of strategically located residential developments such as Southview Homes Calendola in Laguna and Granary in Biñan, Laguna.
“Since we started, location, design and build quality have always been the pillars of our residential developments even if we cater to a market that requires affordability. Through efficient operations and utilization of technologies now available, impact on our financial performance is now very much apparent,” said Ma. Rachel Madlambayan, HTI president and chief operating officer.
HTI said it will soon launch its offerings to include vertical and horizontal homes in Angono, Antipolo and Biñan, catering to a broader range of housing segments to address the demand for affordable housing.
