Century Properties (CPG) investor relations material

Executive summary

• Revenue for Q1 2026 decreased by 4% year-over-year to P3.58 billion, mainly due to an 8% drop in real estate sales, offset by a 73% surge in leasing revenue and a 17% increase in property management and hotel services.

• Net income for the quarter was P445.7 million, down 6% from the same period last year, reflecting higher operating expenses and financing costs.

• The company completed a P5 billion bond issuance in Q1 2026, boosting cash and cash equivalents by 111% compared to year-end 2025.

Financial highlights

• Gross profit margin improved to 48% from 46% year-over-year, despite lower revenues.

• General, administrative, and selling expenses rose 23% to P1.12 billion, driven by expansion in the first homes segment.

• Interest and other income more than doubled to P448.2 million, mainly from forfeited collections.

• Interest and financing charges increased by 24% to P398.6 million due to higher debt levels and borrowing rates.

• Total assets grew 4% to P63.63 billion as of March 31, 2026, while total liabilities rose 7% to P39.14 billion.

Outlook and guidance

• Management expects real estate sales activity to ramp up in the second half of 2026 as new projects are launched and market conditions stabilize.

• No material trends or uncertainties are expected to impact liquidity or operations, aside from ongoing macroeconomic factors.