EBITDA rises 5% to Php1.04 billion on higher margins; net income after tax totaled Php446 million
19 May 2026 – Century Properties Group Inc. (CPG) reported a 5% increase in earnings before interest, taxes, depreciation, and amortization (EBITDA) in January to March 2026, reaching Php1.04 billion from Php988 million in the same period the previous year, driven by disciplined cost management and improved operating efficiency. This is reflected in its gross profit margin which improved to 48% from 46% in the prior period.
Net income after tax (NIAT) for the first three months of 2026 totaled Php446 million, 6% lower than Php473 million in the comparable period in 2025, as higher interest expense and taxes partly offset the improvement in operating performance.
Consolidated revenues for the period amounted to Php3.58 billion, slightly lower than Php3.72 billion posted a year earlier. The First-Home Residential Developments (PHirst) segment remained the largest contributor, generating Php2.48 billion or 68% of total revenues. Premium Residential Developments contributed Php682 million (19%), while Commercial Leasing and Property Management contributed Php297 million (8%) and Php151 million (4%), respectively.
“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, total assets stood at P63.63 billion, while total liabilities reached P39.14 billion, resulting in stockholders’ equity of P24.49 billion.
The Company’s net debt-to-equity remained stable at 0.9x as of end-March 2026, underscoring its continued focus on maintaining a prudent capital structure and preserving financial flexibility.
“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.
