PHirst anchors 68% of revenues as net income falls 6% to ₱446M.
Century Properties Group Inc. posted a net income of ₱446M in the first quarter, a 6% drop from ₱473M a year earlier. Revenues came in at ₱3.58B, slipping from ₱3.72B, or down 3.76% year-on-year, as the company navigated a softer topline performance across its portfolio.
PHirst remained the primary driver of earnings, contributing ₱2.48B or 68% of total revenues, followed by Premium Residential at ₱682M or 19%, Commercial Leasing at ₱297M or 8%, and Property Management at ₱151M or 4%. The mix highlights how demand for first-home developments continues to carry the bulk of activity, while the rest of the portfolio adds steady support.
The portfolio breakdown
Marco Antonio, the president and chief executive officer of Century Properties Group Inc., said the first-quarter performance underscores the strength of core businesses and disciplined execution across the group, as the company kept its focus on margin protection, cost discipline, and careful timing of new project launches in line with market demand.
Total assets stood at ₱63.63B, with liabilities at ₱39.14B and stockholders’ equity at ₱24.49B. The net debt-to-equity ratio remained stable at 0.9x as of end-March 2026, signaling steady balance sheet management and sustained financial flexibility. The company said it remains optimistic about long-term housing demand, pointing to continued structural need for quality homes and its positioning to pursue opportunities as conditions stabilize.
Luxury takes a backseat as affordable homes lead the way. Century Properties logs a softer ₱446M Q1 profit as revenues ease.
radar Recommends
A few considerations when buying your first home
With CPG’s PHirst brand driving 68% of corporate revenues, the market value is clearly shifting out of crowded Metro Manila condominium zones and moving into horizontal house-and-lot developments in suburban growth hubs (such as Cavite, Laguna, Batangas, and Central Luzon). These regional suburban developments offer much higher land appreciation potential and lower entry costs per square meter.
Lock in fixed financing terms early. While developers like CPG are pacing their project rollouts carefully, interest rates remain highly sensitive to inflation. When applying for a mortgage on a first home, prioritize long-term, fixed-rate financing options over variable or adjustable-rate bank structures. This shields your household from unexpected monthly payment spikes if the economy experiences secondary shocks.
Carefully monitor the pre-selling launch timelines of first-home communities situated near incoming infrastructure nodes, like the Trinoma Exchange and MRT-7 transit corridors. Buying into horizontal communities with direct, secondary transit attachments ensures your property value remains highly insulated from localized real estate corrections over the next decade.
READ:
Aboitiz Equity Ventures’ profit nearly doubles to ₱6.3B
radar Business
April 30, 2026
Filinvest ramps up to ₱27.6B spending but shifts to cautious, selective expansion
radar Business
March 27, 2026
ANALYSIS: Leasing takes center stage as Ayala Land recalibrates its growth strategy
Kenneth M. del Rosario
April 28, 2026
