Megawide Q1 2025 Net Income Rises 14% YoY to P210 Million

​Megawide Construction Corp. recorded P210 million in net income for the first three months of 2025 – 14% higher than the same period last year. Consolidated revenues for the period amounted to P4.20 billion, while earnings before interest, taxes, depreciation, and amortization (EBITDA) reached P1.11 billion.

​“Our performance reflects our commitment to build on our early gains in 2024. For instance, we have already recorded the initial net income contribution from our property development arm after our acquisition in 2023, which gave us a boost in the first quarter. We intend to sustain this momentum across all our business platforms in the coming periods as we progress with our existing contracts and projects,” Saavedra said.

In terms of segment, construction operations contributed P3.67 billion. The performance was traced to the winding down phase, based on the S-Curve, for a number of projects, which generate lower revenues but better margins.

As of end March 2025, Megawide’s order book ended at P41.5 billion, with new contracts amounting to P2.0 billion, coming from Towers 2 and 3 of PH1 World Developers, Inc.’s Modan Lofts Ortigas Hills.

In addition, real estate operations generated P397 million in revenue – the highest level to date – and yielded its first-ever net income during the period. The strong performance came from projects such as My Enso Lofts, The Hive, Northscapes, Modan Lofts, and One Lancaster Park. With a healthy sales stock of more than P12 billion as of March 2025, the segment is expected to sustain healthy revenue generation moving forward.

Landport operations, meanwhile, delivered P136 million in revenue, 27% more than the previous year. The improvement came from both from office towers and commercial spaces, which benefitted from the influx of passenger traffic in the terminal. As of the first three months of the year, average daily foot traffic was logged at 156,570 with average spending registered at P33.2 per passenger.

The Company is looking forward to more ventures into scalable and responsive business platforms, anchored on its engineering and construction DNA and pre-cast and construction solutions (PCS) advantage. Last April 14, Megawide listed P5.3 billion worth of Series 6 Preferred Shares in the Philippine Stock Exchange to refinance maturing obligations and partially fund the Company’s growth pipeline.
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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.