Haus Talk profits surge 75.6% in 2023

Niche real estate developer Haus Talk, Inc. (HTI) reported a 75.6 percent surge in net income to P242.6 million last year from the P138.1 million earned in 2023.

In a disclosure to the Philippine Stock Exchange, the firm said the profit growth came on the back of the substantial growth in its investments and the successful execution of various projects initiated two years ago.

Haus Talk posted a 58 percent jump in consolidated revenue to P1.01 billion in 2023 from PP619.52 million in the previous year noting that “this significant leap underscores the company’s expansion and strategic initiatives undertaken over the past year.” 

HTI Corporate Planning and Investors Relations Head Francis Madlambayan identified The Granary as pivotal in driving the impressive financial results.
The Granary in Binan Laguna is an economic housing project that integrates fine townhome features and community master- planning within affordable housing schemes. 

“With the numbers exhibiting positive returns not only for HTI and especially our shareholders, we are even more confident now to launch projects in other locations where housing is needed by the market,” Madlambayan said.
 

Moreover, HTI stands to benefit from Board of Investments (BOI) incentives, including an income tax holiday for the second phase of The Granary development. 
 

These incentives, catering to expanding developers of economic housing projects, encompass three years of 25 percent income tax savings and twelve years of duty exemption on capital equipment importation. These will bolster HTI’s capacity for further investment and growth.
 

Madlambayan also underscored the significant impact of HTI’s IPO on their strategic initiatives, resulting in substantial increases in revenue, income, and a notable 17 percent growth in assets for the fiscal year 2023. This robust foundation would serve as a catalyst for HTI’s expansion endeavors, he added.