Megawide nets P436 Million in H1 2025, equivalent to 81% of FY 2024 level

​Megawide Construction Corp. (Megawide or the Company) reported consolidated net income of P436 million in the first six months of the year – representing 81% of FY2024’s net income. Consolidated revenues for the period amounted to P8.6 billion as projects under construction enter the tail-end of the life cycle. Earnings before interest, taxes, depreciation, and amortization (EBITDA) reached P2.44 billion.

​“Based on our performance in the first six months of the year, we are on track to outpace our net income from the previous year. This is also partly driven by the increasing contribution from our real estate business, which is steadily emerging as a new growth driver. Other business segments are expected to complement our consolidated overall performance as we replenish our order book for EPC and Precast and Construction Solutions (PCS) from both external and internal clients,” Megawide Chairman and CEO Edgar Saavedra said.

In terms of segment, construction operations contributed P7.3 billion and accounted for 85% of total consolidated revenues. The performance was traced to the winding down phase for a number of ongoing projects, which generally churn in lower revenues based on the S-Curve but deliver higher margins.

Meanwhile, revenue from real estate operations amounted to P1.1 billion – more than 3x from the comparative period in 2024 – coming from ongoing projects, such as My Enso Lofts, The Hive, Northscapes, Modan Lofts, One Lancaster Park and Lykke Condo. With healthy sales at P1.7 billion for the first half – 64% higher year on year – this brought unbooked revenues to a healthy level of P8.8 billion.

Landport operations, meanwhile, delivered P217 million in revenues, 6% more than the previous year, and contributed closely 3% to the total consolidated revenues. The segment benefitted from the steady influx of passengers in the terminal, which averaged 164.8 thousand by end June and translated to a higher spend per passenger at P34.7. Commercial occupancy remained healthy at 98% while signed contracts for office spaces were at 47%.

As of end June 2025, Megawide’s construction order book ended at P37.7 billion, with new contracts amounting to P2.0 billion from Towers 2 and 3 of PH1 World Developers, Inc.’s (PH1) Modan Lofts Ortigas Hills and Citicore’s Lucanin Solar Power Plant, together with Battery Energy Storage Systems for Bolbok and Lumbangan solar plants.

The Company remains committed to venture into more scalable and socially responsive business platforms, such as the government’s flagship Pambansang Pabahay Para sa Pilipino (4PH) program, to leverage on its engineering and construction DNA and PCS advantage.

“Our foray into the 4PH is expected to help address the six million housing backlog and further harness synergies within the Group, by boosting the order book for both EPC and PCS from the internal front. Specifically, we broke ground for four (4) new locations under the 4PH – two each in Bacoor and Dasmarinas. Together with our maiden project Avesta in Imus, PH1 is expected to deliver approximately 7,000 housing units from these projects in the next 2-3 years, in Cavite alone,” Saavedra stressed.

The Company also recently broke ground for the Caticlan Airport Terminal last July, which it hopes to serve as springboard for other transport infrastructure projects in the future. Megawide is currently bidding for high-value projects estimated at P20 billion, which will shore up its year end order book to P50 billion.

Megawide is among the most innovative engineering and infrastructure companies in the Philippines. Publicly listed since 2011, Megawide is the private partner of the Philippine Government for major public infrastructure projects such as the PPP for School Infrastructure Project Phases 1 and 2; the multi-year developments of Mactan-Cebu International Airport and the Parañaque Integrated Terminal Exchange; and the construction of Clark International Airport. In 2012, the company established Megawide Corporate Foundation, Inc., a non-profit organization focusing on social development projects.