C08031-2023

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
Nov 10, 2023
2. SEC Identification Number
60566
3. BIR Tax Identification No.
004-504-281-000
4. Exact name of issuer as specified in its charter
CENTURY PROPERTIES GROUP INC.
5. Province, country or other jurisdiction of incorporation
Metro Manila, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
35th Floor, Century Diamond Tower, Century City, Kalayaan Avenue, Makati City Postal Code 1210
8. Issuer's telephone number, including area code
(632) 793-8905
9. Former name or former address, if changed since last report
N/A
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Shares 11,599,600,690
11. Indicate the item numbers reported herein
Item 9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Century Properties Group, Inc.CPG

PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Century Properties Group’s 9M 2023 revenue rises to P9.7 B
First-Home business segment buoys 10% revenue growth
Background/Description of the Disclosure

Century Properties Group Inc. (PSE: CPG) maintained a solid performance in the first nine months of 2023 (9M 2023) as it recorded consolidated revenues at P9.7 billion, up 10% from P8.7 billion in the same period last year (9M 2022).

The higher revenues for 9M 2023 were anchored on the steady rise in the contribution of CPG’s First-Home Residential Developments (First-Home) segment amounting to P5.3 billion or 55% of total revenues, an increase of 28% from P4.2 billion in 9M 2022. CPG’s In-City Vertical Developments and Commercial Leasing segments contributed 30% or P2.9 billion and 10% or P1 billion, respectively. The remainder came from its Property Management segment which contributed P376 million.

“The economic recovery of the country fully supports the growing demand of Filipinos for quality and affordable first homes. This translated into a strong sales take-up for our First-Home products and has put CPG on track to surpass its pre-pandemic performance despite the persisting headwinds,” explained Ponciano S. Carreon, Jr., Chief Finance Officer of CPG.

The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) for 9M 2023 surged by 30% to P2.5 billion from P1.9 billion in the same period last year as a result of the higher contribution from the high-margin First-Home segment and improved operating efficiencies of the other business segments. The company also posted a healthy gross profit margin for 9M 2023 of 45%, higher than 41% in 9M 2022.

CPG’s net income after tax for 9M 2023 reached P1.3 billion, a 13% growth from P1.1 billion in 9M 2022.

"We remain resolutely dedicated to our role in nation-building, diligently addressing the aspirations of Filipinos for high-quality, affordable, and strategically positioned homes. As we forge ahead, we will intensify our business efforts to meet the soaring demand in this sector, driven by the unmet housing backlog in our nation," stated Marco R. Antonio, President and CEO of CPG.

CPG previously announced its board approval to acquire Mitsubishi Corporation’s stake in PHirst Park Homes, Inc., paving the way for the company to gain full ownership. The planned acquisition has already received the green light from the Philippine Competition Commission in August.-##-
Other Relevant Information

Please see attached Press Release
Filed on behalf by:
Name Isabelita Sales
Designation Head of Legal Services and Corporate Affairs, Chief Information and Chief Compliance Officer