Property developer Megaworld Corporation reported a 6% increase in net income to ₱6.2 billion in the first quarter of 2026, fueled by strong performances across its residential, leasing, and hospitality businesses.
The company’s leasing segment was a major growth driver, with revenues climbing 6% to ₱5.6 billion. Mall operations contributed ₱1.8 billion, boosted by a vibrant retail environment and the addition of more than 12,000 square meters of new retail space during the quarter.
In the office sector, revenues rose 4% year-on-year to ₱3.8 billion, supported by high demand from business process outsourcing (BPO) firms and multinational corporations.
Megaworld leased out a total of 95,000 square meters of office space, including 28,000 square meters of new lease agreements.
Megaworld Hotels & Resorts also posted gains, with revenues reaching ₱1.5 billion, driven by improved room rates across its properties.
President and CEO Lourdes Gutierrez-Alfonso said the results highlight the strength of the company’s integrated township strategy.
“Anchored in domestic demand and long-term lease contracts, our townships bring residents, workers, and visitors into a self-reinforcing community where every component supports the others.”
She added that expansion into provincial areas has proven to be a strategic advantage, with regional townships emerging as some of Megaworld’s most resilient growth drivers.
“Our township model is delivering exactly as intended.”