Century Properties (CPG) Q2 2025 earnings summary

Executive summary

• Revenue for the six months ended June 30, 2025, rose 6.7% year-over-year to P7.64 billion, driven by higher real estate sales and property management services, offset by a decline in leasing revenue.

• Net income increased 13.9% year-over-year to P1.22 billion, with improved margins and lower income tax provision.

• The group maintained compliance with all debt covenants and reported no material contingencies or off-balance sheet items.

Financial highlights

• Real estate revenue grew 9.4% year-over-year to P6.76 billion, while leasing revenue declined 28.8% to P473 million due to higher vacancy rates.

• Gross profit increased 3.8% to P3.43 billion, with a gross margin of 45%.

• General, administrative, and selling expenses rose 16.6% to P2.01 billion, reflecting higher operating costs.

• Interest and other income surged 28.5% to P666 million, mainly from forfeited collections.

• Provision for income tax dropped 48.7% due to higher sales subject to income tax holidays.

• Total assets increased 4.2% to P58.19 billion, while total liabilities rose 5.5% to P35.55 billion.

• Equity attributable to parent grew 2.1% to P22.59 billion.

Outlook and guidance

• Management expects continued growth in the first home market segment, supported by strong sales take-up and on-schedule construction.

• No known trends, events, or uncertainties are expected to materially impact liquidity or operations, aside from ongoing pandemic effects.