Total Revenue

+37%

Q4 2024 total revenue increased from USD 1,137,997K to USD 1,560,752K (+37%), chiefly driven by a robust performance in the homebuilding segment, which rose nearly 35% YoY. This improvement, in line with prior periods showing increased closings and price enhancements, helped offset challenges in the financial services segment. " "

Homebuilding Revenue

+35%

Homebuilding revenue grew from USD 1,135.04M to USD 1,534.16M (~35% YoY increase), reflecting higher home closings and improved average sales prices. This mirrors earlier period trends showing that stronger transaction volumes and pricing strategies significantly boosted this segment. " "

Financial Services Revenue

100% Decline

Financial Services revenue plummeted from USD 19.73M in Q4 2023 to a negative USD 0.31M in Q4 2024, suggesting a dramatic contraction. This sharp decline may be due to margin pressures, reduced mortgage activity, or integration adjustments when compared to prior robust performance. " "

Operating Income

+24.5%

Operating income increased from USD 135,432K to USD 168,598K (a 24.5% YoY jump) as a result of strong homebuilding revenue growth and operational efficiencies. Despite rising SG&A expenses, the scale benefits and improved cost management sustained profitability improvements as seen in previous quarters. " "

Basic EPS

+29%

Basic EPS rose from USD 1.05 to USD 1.35 (approximately 29% YoY), driven by higher net income derived from increased revenues and better margin management. The improvement reflects the company’s continued cost efficiency and operational performance enhancements seen in both homebuilding and overall operating income, despite setbacks in financial services. " "