Listed Philippine developer Haus Talk Inc. (HTI) said Tuesday its net income surged 51 percent year-on-year to P365 million in 2024.
The jump in profit came as revenue grew 39 percent to P1.4 billion.
HTI attributed the substantial rise in net income to a favorable income tax holiday and operational efficiencies from strategic investments in advanced construction methods, particularly cast in place technology. These factors boosted the company’s net income margin to 26 percent, it said in a statement.
HTI said the strong profit growth reflected its ability to translate robust sales into higher profitability.
The company said that since its 2022 initial public offering, it has shown consistent growth, with a compound annual growth rate (CAGR) of 33 percent for revenue and 39 percent for net income.
This trend underscores the effectiveness of its focus on the affordable housing sector, it said.
Key drivers for HTI’s performance include its strategically located residential projects. Southview Homes Calendola in Laguna continues to attract value-conscious buyers.
The Granary in Biñan, Laguna, remains a significant revenue contributor due to its community-focused design and accessible pricing.
“Since we started, location, design and build quality have always been the pillars of our residential developments even if we cater to a market that requires affordability. Through efficient operations and utilization of technologies now available, the impact on our financial performance is now very much apparent,” HTI president and chief operating officer Ma. Rachel Madlambayan said in a statement.
HTI said it is actively expanding its future development capacity through strategic land acquisitions, partly funded by financial arrangements with partner institutions.
The company will soon launch vertical and horizontal housing options in Angono, Antipolo and Biñan, targeting a wider range of housing preferences. These strategic initiatives aim to address the demand for affordable housing and ensure long-term value creation.
