Megawide Construction Corp. (Megawide) posted a net income of P210 million in the first quarter of 2025, a 14 percent increase from the same period last year. Consolidated revenue reached P4.20 billion, while earnings before interest, taxes, depreciation and amortization stood at P1.11 billion.
“This performance reflects our commitment to build on early gains from 2024,” said Megawide chairman Edgar Saavedra. “We’ve already recorded the initial net income contribution from our property development arm following our 2023 acquisition, which gave us a strong start to the year.”
Construction operations remained the primary revenue driver, contributing P3.67 billion. Megawide noted that many ongoing projects are now in their winding-down phase based on the S-curve model—generating lower revenues but higher margins.
As of March, the company’s order book totaled P41.5 billion, with new contracts amounting to P2.0 billion from Towers 2 and 3 of PH1 World Developers’ Modan Lofts Ortigas Hills.
Real estate revenue hit a record-high P397 million, delivering the segment’s first-ever net income. Key contributors included My Enso Lofts, The Hive, Northscapes, and One Lancaster Park. With a P12 billion sales stock as of March, Megawide expects continued revenue momentum from this segment.
Landport operations generated P136 million, up 27 percent year-on-year, driven by higher commercial activity from growing terminal foot traffic, which averaged 156,570 passengers daily. Average spending per passenger was P33.20.
Megawide continues to pursue scalable ventures rooted in its engineering and pre-cast construction solutions. On April 14, it listed P5.3 billion in Series 6 Preferred Shares to refinance debt and support growth plans.
