The company approved a regular cash dividend of P0.145 per share, payable on Aug. 7 to shareholders on record as of July 23.
The payout comes as Megawide pushes toward its P1.2-billion net income target this year, backed by a growing project pipeline and lower financing costs.
The dividend also marks progress in a three-year strategy focused on improving profitability, reducing debt and building a more sustainable business platform, said Saavedra, the chair and CEO of Megawide.
Megawide’s net income rose 24 percent to P669 million in 2025 and grew another 26 percent to P266 million in the first quarter of 2026.
At the same time, the company reduced about P6 billion in short-term obligations, improving its bank net debt-to-equity ratio to 0.8 times from 1.1 times at the end of 2025.
The debt reduction is expected to generate P250 million to P300 million in annual interest savings, giving the company more room to fund growth while boosting profitability.
Megawide ended March with a P48.7-billion construction order book, including residential, infrastructure and socialized housing projects, with around 22,000 units under development through the government’s expanded 4PH program.
—Edited by Miguel R. Camus
