Megawide Construction Corp. (Megawide) on June 23, 2026 declared regular cash dividends of PHP0.145/share to common shareholders on record as of July 23, 2026, with ex-date on July 22, 2026 and payment date scheduled for August 7, 2026.
“Three years ago, we unveiled our 3-D strategy – deliver, de-lever, and de-carbonize – which will anchor our long-term shareholder value creation program. We purposedly focused on these three legs, with the intent of building a more stable and sustainable business platform, a stronger balance sheet, and an ESG-compliant organization. These, in turn, will offer us better stability and enhance shareholder value,” said Edgar Saavedra, Megawide’s Chairman and CEO.
Megawide reported PHP669 million net income in 2025, which was 24 percent higher than the previous year – followed by a 26 percent net income growth in 1Q2026 to PHP266 million.
“Based on these initial indications, we are on track to achieve our back ended target of PHP1.2 billion net income for the year. With a rich pipeline of projects, anchored on the government’s expanded 4PH program, complemented by a robust internal order book and big-ticket external projects, we are confident of sustaining a healthy performance in the medium to long-term,” Saavedra added.
In addition, the Company also pared down around Php6.0 billion of short-term obligations as of March 2026, significantly improving its bank net debt-to-equity ratio to 0.8x from 1.1x from end-December 2025. These initiatives are estimated to generate interest cost savings of around Php250-300 million for the year.
“We have programmed further debt reduction throughout the course of the year, resulting to better liquidity and profitability”, Saavedra explained.
Megawide has a diverse and healthy construction order book worth PHP48.7 billion as of end-March 2026, comprised of largely end-user focused residential projects from its real estate subsidiary PH1 World Developers, Inc.; high-value, big-ticket private commercial, industrial, and infrastructure contracts; and essential socialized housing portfolio under the government’s expanded 4PH program – of which around 22,000 units are currently in various stages of development.
Megawide is also developing the Baguio City Integrated Terminal, the South Luzon Integrated Terminal Exchange, and the Cavite Bus Rapid Transit System to expand its TCD portfolio.
