Century Properties (CPG) Q3 2025 earnings summary

Executive summary

• Net income for the nine months ended September 30, 2025 rose 16.8% year-over-year to P2.10 billion, driven by strong real estate sales and improved cost management.

• Total revenues increased 14.1% year-over-year to P12.31 billion, with real estate revenue up 19.9% and property management/hotel services up 26.2%.

• Leasing revenue declined 36.2% due to higher vacancy rates and lower lease rates.

• Gross profit improved 12.3% to P5.63 billion, while general, administrative, and selling expenses rose 25.9% to P3.11 billion.

• Provision for income tax decreased 42.4% due to higher sales subject to income tax holidays.

Financial highlights

• Net income after tax: P2.10 billion for 9M 2025 vs. P1.80 billion for 9M 2024.

• Gross revenue: P12.31 billion for 9M 2025 vs. P10.79 billion for 9M 2024.

• Gross profit margin: 46% for 9M 2025 vs. 47% for 9M 2024.

• Earnings per share (basic/diluted): P0.172 for 9M 2025 vs. P0.146 for 9M 2024.

• Total assets: P62.80 billion as of Sep 30, 2025, up 12.4% from Dec 31, 2024.

Outlook and guidance

• No new projects or investments in other business lines were announced for Q3 2025.

• Management expects continued growth in the first home market segment and ongoing cost discipline.

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