Haus Talk posts strong third-quarter income

Haus Talk Inc. (HTI), a real estate developer listed on the Philippine Stock Exchange (PSE), reported robust financial performance for the third quarter of 2024.

Revenue surged 76% year-on-year to P1.198 billion from P681 million in the same period last year. Net income soared 110% to P299 million, compared to P142 million in the previous year’s corresponding quarter.

The strong performance exceeded HTI’s full-year 2023 revenue by 20% and net income by 23%. The company also improved its net income after tax (NIAT) margin by four percentage points to 25%, reflecting enhanced profitability and operational efficiency.

The stellar results were driven by strong sales from HTI’s projects in Laguna: The Granary in Biñan and Southview Homes Calendola in San Pedro. The company continues to see robust demand and an increasing number of home deliveries.

HTI’s profitability is further boosted by valuable government incentives. As a recognized Expanding Developer of Economic Housing, HTI enjoys a tax holiday, offering a 25% cost savings, as well as duty exemptions on imported equipment, parts, and accessories. These incentives reduce project costs and make homes more affordable for buyers.

“This quarter reflects the alignment of the key strategies we’ve implemented since our IPO in 2022,” said Francis Madlambayan, HTI’s Head of Corporate Planning and Investors Relations. “From strategic property acquisition and streamlined production to securing government incentives, each element has come together to deliver these impressive results.”

Capital raised through HTI’s IPO has been invested in acquiring strategic land, laying the groundwork for future projects that apply the success principles seen at The Granary.

With a massive housing backlog of around 6 million homes, primarily in the economic housing category, HTI is well-positioned to meet this demand and provide quality, affordable housing for more Filipinos.