Century Properties Group, Inc. (CPG), a real estate company listed on the Philippine Stock Exchange, announced its financial results for the first half of 2026, showing strong growth in profitability driven by its horizontal housing business.

According to the company’s press release filed with the Securities and Exchange Commission on August 12, 2026, Century Properties is shifting its focus away from building tall condominiums (vertical developments) in Metro Manila toward building house-and-lot communities (horizontal developments) in provinces and suburban areas.

What Did Century Properties Earn?

For the first six months of 2026, Century Properties reported consolidated revenues of Php7.62 billion, which stayed about the same compared to the previous year. However, the company’s EBITDA (a measure of profitability that stands for Earnings Before Interest, Taxes, Depreciation, and Amortization) grew by 9% to Php2.31 billion from Php2.13 billion in the same period last year.

Think of EBITDA as a way to see how much money a company makes from its main business before paying for loans, taxes, and accounting for aging equipment. The 9% increase shows that Century Properties became better at making money from its operations.

The company’s gross profit also improved by 9% year-on-year to Php3.74 billion, with the gross profit margin expanding to 49% from 45%. This means that for every peso the company earned, it kept 49 centavos after paying for the direct costs of building homes.

Net income after tax (the actual profit after all expenses) was Php1.18 billion for the six-month period, slightly lower than the Php1.22 billion from a year earlier. The company explained this was because they paid more interest on loans and more taxes, even though their main business performed better.

PHirst Residential: The Main Growth Driver

The star performer for Century Properties was PHirst Residential, which is their affordable and mid-range house-and-lot business. PHirst Residential contributed 73% (or nearly three-quarters) of all the company’s revenues and grew by 7% compared to the previous year.

To put this in simple terms: if Century Properties earned 100 pesos, 73 pesos came from selling house-and-lot properties through PHirst Residential.

The company’s other business segments contributed smaller portions: Century Premium (luxury house-and-lot communities) accounted for about 16% of revenues, while Commercial Leasing and Property Management Services contributed 7% and 4%, respectively.

Why Is Century Properties Changing Strategy?

Century Properties explained that most of its condominium units (vertical inventory) have already been sold. Now, the company is focusing more on building house-and-lot communities in provinces and areas outside Metro Manila where demand is growing.

The company will still consider building condominiums, but only in special cases that fit their master-planning strategy and meet their profit requirements. This strategic shift aims to serve Filipino families looking for quality homes in well-planned communities outside the capital region.

Strong Customer Demand

Despite ongoing geopolitical challenges, reservation sales (early commitments from buyers) increased by 11% during the period. This shows that people continue to trust and want to buy Century Properties’ house-and-lot communities.

Marco R. Antonio, President of CPG, stated in the press release: “Our first-half performance demonstrates the strength of Century Properties Group’s transformation into a more focused horizontal residential developer. The continued growth of PHirst, together with our premium house-and-lot communities, validates our strategy of serving end-user demand in high-growth areas outside Metro Manila.”

Financial Position

As of June 30, 2026, Century Properties’ total assets reached Php68.41 billion, up 12% from Php60.94 billion at the end of December 2025. This means the company’s total resources and properties grew significantly.

Total liabilities (what the company owes) increased by 18% to Php43.18 billion, while stockholders’ equity (the value belonging to shareholders) rose by 4% to Php25.23 billion.

The company’s net debt-to-EBITDA ratio remained at 3.8x, which management considers healthy. This ratio shows how many years it would take the company to pay off its debt using its current earnings. The company emphasized its commitment to maintaining prudent leverage and financial flexibility.

Rodel V. Marqueses, Chief Financial Officer and Head of Investor Relations of CPG, commented: “We remain disciplined in capital allocation and focused on maintaining a resilient balance sheet as we fund our horizontal pipeline. The improvement in EBITDA, stronger gross margin, and ongoing monitoring of net debt-to-EBITDA reflect our commitment to operational efficiency, prudent leverage, and transparent communication with investors.”

About Century Properties Group

Century Properties Group, Inc. trades on the Philippine Stock Exchange under the stock code CPG. As of this report filing, the company has 11,599,600,690 common shares outstanding, 100,123,000 treasury shares, and 20,000,000 preferred shares.

This article is based on the company’s official press release and disclosures filed with the Philippine Stock Exchange’s Electronic Disclosure Generation Technology (PSE EDGE) system. For the complete and official version of the announcement, readers may visit the PSE EDGE website and search for the company’s filing directly.