Ovialand Inc. (“Ovialand”), a mass-housing developer pioneering the premium affordable
category, recently shared their 2022 FY performance. “We are excited to announce that
Ovialand’s FY 2022 revenue of Php 1.35 billion was able to exceed its initial FY 2022 revenue
target of Php 1.2 billion,” Pammy Olivares-Vital, President and CEO of Ovialand, said.
“This translates to 614 house-and-lot units turned over to our homebuyers,” Olivares-Vital
added. This represents an increase from 439 house-and-lot units sold in 2021.
Ovialand’s revenues for 2022 represent a 62% increase from Php 833.1 million in revenues the company generated in 2021. The 617 house-and-lot units sold were spread across its
developments in core markets in Laguna, Quezon, and Batangas.
Likewise, EBITDA for 2022 increased by 40% on a year-over-year basis to Php 306.4 million
from Php 219.8 million.
“Ovialand’s financial results for 2022 reflect the continued demand of a new generation of
Filipino homebuyers for our unique products. We are a company driven and committed to our
brand mission of Premier Family Living,” Olivares-Vital said.
2022 was a successful year for Ovialand as the company continued to expand its operations in its core markets. For example, the company has started selling its developments in Santevi — its third housing project in Laguna. Ovialand expects to generate Php 2.3 billion in sales from Santevi within 3 years.
Towards the end of the year, Security Bank Capital Investment Corporation arranged a Php 600 million corporate note for Ovialand. This was fully taken up by the parent company, Security Bank Corporation.
The proceeds will be used for land acquisition and immediate development of more projects,
particularly Ovialand’s expansion in Baliuag, Bulacan in 2023.
In addition, Ovialand was awarded by prestigious institutions for its performance in 2022. For
one, PAG-IBIG has awarded the company as a top housing developer in South Luzon once
again. The company was also awarded as one of Asia’s Leading SMEs during The Asia
Corporate Excellence & Sustainability Awards, which was held in Kuala Lumpur, Malaysia.
“The milestones we have achieved in 2022 motivate us to achieve greater things than what we have achieved in the past. For example, we are set to launch our presence in Central Luzon by building housing developments in Bulacan,” Olivares-Vital said. “This would mark growth outside of the core markets we operate in and is in line with our long-term vision of expanding our portfolio nationwide.”
“To pursue further growth prospects, we have begun preparatory work for our public listing this year. Indeed, we aim for 2023 to be a period where Ovialand will mark grand, new chapters in its history,” Olivares-Vital concluded.
