Megaworld Corporation, the Philippines’ leading township developer, has started 2025 on a high note, reporting a 16% year-on-year increase in net income to P5.83 billion for the first quarter.
Consolidated revenues also grew by 11% to P20.93 billion, driven by robust contributions from its core businesses: residential, leasing, and hotel operations.
“This strong start to the year is a reflection of our clear strategy and the strength of our diversified portfolio.
All of our core businesses—residential, office, malls, and hotels—grew during the first quarter.
More than half of our township developments are in the provinces, and the opportunity for expansion and growth is there,” said Lourdes Gutierrez-Alfonso, President of Megaworld Corporation.
Key Highlights of Q1 2025 Performance:
Real Estate Sales: Revenues grew 8% year-on-year to P13.09 billion, driven by strong sales in Metro Manila and provincial growth centers, alongside steady construction progress across multiple developments.
Leasing revenues increased by 15% to P5.34 billion, supported by high-value tenants and synergy between office and retail ecosystems.
Megaworld Premier Offices posted a 17% revenue growth to P3.69 billion, securing over 50,000 square meters of new office leases—the highest quarterly total in five years.
Lifestyle Malls: Revenues rose by 11% to P1.66 billion, fueled by rising foot traffic, surpassing pre-pandemic levels, and over 13,000 square meters of new tenant openings.
Hotels & Resorts: Achieved the fastest growth among all business units, with revenues soaring 27% year-on-year to P1.43 billion, driven by higher room rates and curated hotel stay packages.
Kevin L. Tan, President and CEO of Alliance Global Group, Megaworld’s parent company, emphasized the company’s pioneering township model: “This quarter’s results affirm the strength of the company’s township model, which thrives because of the unique connections it fosters between people, businesses, and experiences.
The LIVE-WORK-PLAY concept that Megaworld pioneered in the Philippines has been a proven model of sustainability through the years.”
Megaworld remains one of the largest real estate companies in the country, with total assets nearing half a trillion pesos as of March 2025.
The company now boasts 35 townships across the Philippines, supported by a robust land bank of around 7,000 hectares. It is on track to launch more township developments this year, further expanding its footprint in the provinces.
Looking ahead, Megaworld targets to grow its office gross leasable area (GLA) to two million square meters and retail GLA to one million square meters by 2030, bringing its total leasing portfolio GLA to three million square meters.
This strong performance underscores Megaworld’s commitment to sustainable growth and innovation, solidifying its position as a leader in the real estate industry.
