Century Properties Group Inc. (CPG) reported a steady start to 2026, with improved profitability in the first quarter driven by stronger margins and disciplined execution across its core businesses.
For January to March 2026, earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 5% to PHP 1.04 billion from PHP 988 million in the same period last year. The increase was supported by tighter cost controls and operational efficiencies, with gross profit margin expanding to 48% from 46% in the prior year.
Despite the stronger operating performance, net income after tax (NIAT) reached PHP 446 million, down 6% from PHP 473 million a year earlier. The decline was attributed to higher interest expenses and taxes.
Total consolidated revenues for the quarter amounted to PHP 3.58 billion, slightly lower than PHP 3.72 billion in the same period in 2025. The First-Home Residential Developments (PHirst) segment remained the company’s primary growth driver, contributing PHP 2.48 billion or 68% of total revenues. Premium Residential Developments accounted for PHP 682 million or 19%, while Commercial Leasing and Property Management contributed PHP 297 million (8%) and PHP 151 million (4%), respectively.
CPG President and CEO Marco R. Antonio said the company’s performance reflects disciplined execution across its portfolio.
“Our first-quarter performance reflects the resilience of our core businesses and the benefits of disciplined execution across the organization. Amid a dynamic operating environment, we remain focused on margin protection, prudent cost management, and calibrating new project launches in line with prevailing market demand,” said Marco R. Antonio, President and CEO of CPG.
As of end-March 2026, CPG’s total assets stood at PHP 63.63 billion, while total liabilities reached PHP 39.14 billion, resulting in stockholders’ equity of PHP 24.49 billion. The company maintained a net debt-to-equity ratio of 0.9x, signaling continued focus on financial stability and capital discipline.
Looking ahead, Antonio noted a cautious but constructive outlook for the business.
“While we remain mindful of short-term headwinds, we continue to be optimistic about the long-term fundamentals of the business. Demand for quality housing across key segments remains supported by structural market needs, and we believe the Company is well positioned to pursue opportunities as conditions stabilize,” added Mr. Antonio.
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