Megaworld 9-month income rises 14% to PHP 18B

Megaworld Corporation reported a 14% increase in net income for the first nine months of 2025, reaching nearly PHP 18 billion, driven by strong performance across its office, mall, residential, and hotel segments.

The company’s consolidated revenues climbed 8% year-on-year to PHP 64.41 billion, underscoring broad-based growth in its core businesses.

Leasing revenues totaled PHP 16.24 billion, marking a 15% increase compared to the same period in 2024.

Megaworld Premier Offices led the leasing segment with PHP 11.14 billion in revenues, reflecting a 16% year-on-year growth fueled by rental escalations, contract renewals, and new leases.

The office portfolio secured nearly 140,000 square meters of new lease agreements and renewed close to 120,000 square meters, highlighting strong demand for spaces in integrated townships.

Megaworld Lifestyle Malls posted PHP 5.10 billion in leasing revenues, up 13%, as retail foot traffic and consumer spending continued to improve across its key developments.

The retail growth was supported by tenant expansion, particularly in food, fashion, and home categories, and the opening of new stores in Uptown Bonifacio, ArcoVia City, Eastwood City, and Lucky Chinatown.

Hotel operations under Megaworld Hotels & Resorts generated PHP 4.13 billion in revenues, a 13% increase from the previous year.

This growth was driven by higher room rates, increased domestic and international travel, and new inventory from properties like the Grand Westside Hotel, now the country’s largest in room count.

Real estate sales also rose 6% to PHP 40.24 billion, buoyed by continued construction progress and steady demand for residential projects in Uptown Bonifacio, ArcoVia City, Maple Grove in Cavite, and The Upper East in Bacolod.

“Our year-to-date performance continues to reflect the strength of our recurring income portfolio and the sustained demand across our residential and hotel offerings,” said Lourdes Gutierrez-Alfonso, president of Megaworld Corporation.

“Even as we navigate mixed market conditions, we remain focused on delivering long-term value through innovation, operational efficiency, and township-led growth,” she added.

Megaworld launched the Megaworld Luxe Collection during the period, marking its entry into the ultra-luxury residential segment.

In September, the company declared a cash dividend of PHP 0.094 per share and initiated a PHP 2.0 billion share buyback program in August 2025, reflecting its solid cash position and shareholder return strategy.

With 36 townships and a land bank of around 7,000 hectares nationwide, Megaworld plans to launch a new township outside Metro Manila before year-end.

The company aims to grow its office gross leasable area (GLA) to two million square meters and retail GLA to one million square meters by 2030.

These goals will expand Megaworld’s total leasing portfolio GLA to three million square meters over the next five years.

As of end-September 2025, the company’s total assets reached approximately PHP 500 billion, reinforcing its position as one of the Philippines’ largest and most financially robust real estate firms.