Haus Talk Inc. (HTI) posted revenues of P1.2 billion in the first three quarters of 2024, an increase of 76 percent from P681 million in the same period in 2023.
HTI said its net income rose by 110 percent, reaching P299 million compared to P142 million in the same period last year.
The company said these gains surpassed HTI’s 2023 annual revenue by 20 percent (1 billion) and net income by 23 percent (P242 million).
HTI improved its net income after tax margin by 4 percentage points, bringing it to 25 percent, reflecting enhanced profitability and operational efficiency.
The company attributed this performance to the robust sales from HTI’s projects in Laguna: The Granary in Biñan and Southview Homes Calendola in San Pedro.
The company said it continues to see strong demand and an increasing number of home handovers.
HTI’s profitability is further buoyed by valuable government incentives. As a recognized Expanding Developer of Economic Housing, HTI enjoys a tax holiday that delivers a 25 percent cost savings, alongside duty exemptions on imported equipment, parts, and accessories—all of which reduce project costs and drive affordability for buyers.
“This quarter reflects the alignment of the key strategies we’ve implemented since our IPO (initial public offering) in 2022. From strategic property acquisition and streamlined production, to securing government incentives, each element has come together to deliver these impressive results,” said Francis Madlambayan, the firm’s head of Corporate Planning and Investors Relations.
Capital raised through HTI’s IPO has also been channeled into acquiring strategic land, laying the foundation for future projects that apply the success principles seen at The Granary.
