Gains were fueled by strong demand for its premium-affordable housing developments in Laguna and Bulacan, bolstered by its strategic partnership with Tokyo-based Takara Leben Co. Ltd.
Its robust financial performance in the first semester puts it on track to beat its full-year target of P2.5 billion in sales, up 25 percent from 2024.
“We are very happy to serve and bring our promise of Premier Family Living to more locations as we add new properties and expand our current projects,” Ovialand CEO Pammy Olivares-Vital said in a statement on Thursday.
First semester highlights
• Revenues rose 20 percent to P1.1 billion, driven by strong home sales and higher turnover.
• Units handed over increased 19 percent year on year, reflecting Ovialand’s growing production capacity.
• Total assets grew 12 percent to P2.9 billion, highlighting its strengthening balance sheet.
• Nearly half of asset growth came from inventories and land acquisition options, underscoring its aggressive regional expansion plans.
Expansion plans underway
Meanwhile, Ovialand broke ground on its second Bulacan project in Baliwag, strengthening its presence in Central Luzon.
It is exploring more opportunities to expand into other parts of Luzon.
But for now, Olivares-Vital said the goal is to strengthen the company’s position in areas where it has already established a foothold.
—Edited by Miguel R. Camus
