Megawide Construction Corp. delivered a strong financial performance in fiscal year 2025, recording a 24% increase in net income to Php 669 million, up from the previous year. The result falls squarely within the Company’s earlier guided bottom-line target of Php 600 million to Php 700 million.
The growth was primarily driven by higher-margin project delivery, the rapid expansion of its real estate arm, and stable recurring revenues from its landport operations.
“The results are on track with our near- to medium-term targets, assuming the impact of the Middle East crisis will not be prolonged and disruptive. Nevertheless, we remain grounded on the essentials—such as housing, transport, and other social infrastructure—to maintain a cycle-resilient and stable portfolio,” Edgar Saavedra, Megawide Chairman and CEO.
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Net Income: Rose 24% year-on-year to Php 669 million (meeting guidance of Php 600–700 million).
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Consolidated Revenues: Settled at Php 17.7 billion, reflecting a temporary transition phase as older construction projects wound down.
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Gross Profit & Margins: Consolidated gross profit jumped 23% to Php 3.89 billion, driven by tighter cost efficiencies. Consolidated gross margin expanded significantly to 22% (up from 14% in 2024).
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Robust Order Book: Ended 2025 with a replenished construction backlog of Php 50 billion, representing a healthy 2-to-3-year burn rate.
While construction revenue dipped to Php 14.7 billion due to the winding-down phase of its current order book, the segment remained the company’s largest revenue driver.
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Gross Profit Contribution: Delivered Php 2.92 billion.
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Gross Margin: Expanded to 20% (up from 13% in 2024), driven by favorable timing differences between revenue recognition and cost structures related to variation orders on major projects.
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Outlook: With a Php 50-billion replenished order book, construction revenues are projected to steadily ramp up starting the second half of 2026.
Megawide’s property development arm, PH1 World Developers, Inc., emerged as a primary growth engine.
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Revenue: Skyrocketed by 230% to Php 2.35 billion as construction on its current property portfolio steadily advanced.
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Gross Profit Contribution: Delivered Php 691 million with margins normalizing at 29% as higher-value projects neared completion.
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Outlook: Future growth will be supported by Megawide’s entry into the government’s expanded Pambansang Pabahay para sa Pilipino (4PH) program.
The Paranaque Integrated Terminal Exchange (PITX) continued to showcase strong operational recovery and commercial viability.
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Revenue: Contributed Php 518 million, heavily anchored by commercial leasing.
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Gross Profit Contribution: Delivered Php 230 million.
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Foot Traffic: Commuter volume averaged 184,000 daily passengers as of end-December 2025.
Megawide enters 2026 with a highly defensive, diversified portfolio capable of weathering global macroeconomic headwinds. The company expects fresh commercial contracts, ongoing projects, and mass housing initiatives under the 4PH program to contribute heavily to consolidated performance in the coming quarters.
“Our operational blueprint always bears contingencies to ensure we weather short-term disruptions. An early, practical, and favorable resolution to the geopolitical conflict will be welcome, and should this materialize, our back-ended net income target for the year will be within reach,” Saavedra added.
In terms of balance sheet health, Megawide continues to optimize its capital structure, ensuring sufficient liquidity to fund its expanding real estate and infrastructure pipeline.
