Megawide Construction Corp. (Megawide) officially closed 2025 with a robust order book of P50.0 billion, marking a 15% year-on-year increase. This healthy backlog represents approximately three to four years of revenue visibility, signaling a strong growth trajectory for the Company’s core construction segment.
The surge in new contracts is driven largely by the national government’s Pambansang Pabahay Para sa Pilipino (4PH) program. Megawide secured P23.4 billion in new contracts last year, with nearly half—P10.7 billion—dedicated to 4PH projects such as Avesta, JAB, and Jenara Residences in Cavite.
The current order book reflects a strategic mix across multiple sectors, ensuring a balanced revenue stream:
-
Residential: 35%
-
Office & Commercial: 28%
-
Expanded 4PH (Socialized Housing): 23%
-
Infrastructure: 15% “We are back to our comfortable level of around P50 billion, which provides solid revenue visibility over the medium term,” said Edgar Saavedra, Megawide Chairman and CEO. “The expanded 4PH segment is a vital addition to our portfolio. We aspire to build over 100,000 socialized housing units in the next five to seven years, leveraging our integrated platform as a developer, contractor, and precast supplier.”
Megawide plans to utilize its state-of-the-art precast facility to accelerate housing delivery. To support this massive pipeline, the Company intends to establish a new precast facility by 2027 of similar scale to its existing plant. By industrializing the construction process, Megawide aims to mitigate the cyclical nature of the industry and serve as a catalyst for modernizing Philippine construction.
Other notable project wins in 2025 include:
-
Megaworld Multi-use Developments: Uptown Modern and One Portwood (P11 billion)
-
Aviation: Caticlan Airport’s New Passenger Terminal Building (P1.6 billion)
-
Renewable Energy: Solar power plants in Bataan and Batangas for Citicore Power Inc. (P270 million)
Parallel to its operational growth, Megawide is strengthening its balance sheet. The Company confirmed it will redeem its P1.5-billion Series 5 Preferred Shares on April 17, 2026.
“This redemption is part of our long-term financial management program,” Saavedra added. “With lower debt levels and a healthy order book, we are freeing up cash flows. This allows us to explore a shift in our dividend strategy to attract a broader shareholder base.”
