Megawide profit hits 80% of 2025 level in just six months

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• Megawide’s first-half net income rose 22 percent to P532 million, already 80 percent of its full-year 2025 profit.
• A P200-million drop in finance costs supported earnings as revenue held broadly steady at P8.7 billion.
• PH1 World revenue jumped 67 percent, while Megawide carried a P45.7-billion construction order book into the second half.

Megawide Construction Corp. lifted first-half net income by 22 percent to P532 million, already reaching 80 percent of its profit for all of 2025 as newer businesses expanded and financing costs declined.

Revenue held steady at P8.7 billion, with strong growth from property development and landport operations complementing its much larger construction business.

A P200-million reduction in finance costs also supported the bottom line, helping offset higher logistics and operating expenses during the period.

Edgar Saavedra 

Megawide chair, CEO 

Management’s view 

“Our performance in the first six months of the year is consistent with our back-ended full- year financial targets,” tycoon Edgar Saavedra, Megawide chair and CEO, said in a statement. 

“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,” he added. 

Property gains ground

Construction remained Megawide’s biggest business with P6.63 billion in revenue, while PH1 World Developers grew revenue 67 percent to P1.79 billion and Parañaque Integrated Terminal Exchange revenue increased 28 percent to P278 million.

Megawide expects construction activity and its expanded 4PH housing portfolio to ramp up toward the end of the year.

P46B pipeline

The company ended June with a P45.7-billion construction order book spanning residential, commercial, industrial, infrastructure and government socialized housing projects.

Megawide recently topped off the first tower of Avesta Residences in Imus after 10 months of construction and is targeting another topping-off at its Dasmariñas development before the end of August.

—Edited by Miguel R. Camus