Megawide Construction Corporation recorded a 22 percent growth in consolidated net income to ₱532 million during the first half of 2026, driven by strong growth in its real estate segment. The mid-year earnings already represent 80 percent of the company’s full-year earnings achieved in 2025.
In a regulatory filing with the Philippine Stock Exchange (PSE), Megawide Chairman and Chief Executive Officer Edgar Saavedra noted that the financial figures align with the firm’s strategic targets.
“Our performance in the first six months of the year is consistent with our back-ended full-year financial targets,”
“We are also seeing the benefits of initiatives we started last year, which will complement the ramp-up of our construction activities and progress on our expanded 4PH portfolio toward the end of the year.”
Total consolidated revenues reached ₱8.7 billion, up slightly from ₱8.6 billion in the comparative period last year. Construction remained the primary revenue generator, contributing ₱6.63 billion.
Real estate arm PH1 World Developers, Inc. delivered a 67 percent revenue surge to ₱1.79 billion. Meanwhile, landport operations through the Parañaque Integrated Terminal Exchange (PITX) posted a 28 percent gain, bringing in ₱278 million.
The company generated P2.17 billion in gross profit and P1.28 billion in operating profit. Earnings were affected by elevated operating and logistics expenses stemming from Middle East geopolitical tensions that emerged in February.
However, a ₱200-million reduction in finance costs helped cushion the impact, resulting in a pre-tax profit of ₱601 million.
Operationally, Megawide recently achieved the structural topping-off for Tower 1 of Avesta Residences in Imus, Cavite—its initial project under the government’s 4PH program—within 10 months of construction. Another topping-off ceremony is scheduled before the end of August for a separate 4PH development in Dasmariñas, Cavite.
As of end-June 2026, Megawide’s total construction order book stood at P45.7 billion, comprising residential buildings, private commercial, industrial, and infrastructure developments, alongside socialized housing projects.