• Record net income up 11 percent to P24 billion
• Revenues climb 5 percent to P86 billion
• Leasing income surges 11 percent to P22 billion
• P65 billion in residential launches queued for 2026
Megaworld closed 2025 with record earnings of P24 billion, up 11 percent year on year, as its bet on recurring leasing income cushioned a still uneven property market and widened profit growth beyond topline gains.
Revenue rose 5 percent to P86 billion from P81.7 billion last year, but profits grew more than twice as fast, signaling firmer margins as higher yielding leasing assets made up a bigger share of the mix.
Management view, outlook
“Our full-year results highlight the growing strength of our diversified township portfolio and the steady expansion of our recurring income base,” says Lourdes Gutierrez-Alfonso, president and CEO, Megaworld.
“With our leasing businesses continuing to gain momentum and a strong pipeline of residential launches ahead, we are entering 2026 with confidence as we see meaningful opportunities to scale further, expand in key growth markets, and build on the solid foundation we have established, especially on our pioneering township concept,” she added.
Megaworld is lining up about P65 billion worth of residential launches in 2026 to sustain revenue recognition in the coming years, while targeting three million square meters of total leasing gross leasable area by 2030.
Recurring income muscle
Leasing revenues jumped 11 percent to P22 billion, now accounting for a larger slice of total revenues and reinforcing management’s long term pivot toward stable cash flows.
Office leasing under Megaworld Premier Offices increased 11 percent to P14.9 billion, fueled by rental escalations, renewals and new capacity coming onstream. The company booked more than 330,000 square meters of office transactions in 2025, including 180,000 square meters of new leases.
Retail and hospitality rebound
Revenues from Megaworld Lifestyle Malls rose 9 percent to P6.9 billion as foot traffic hit a record average of 297,000 daily, up 18 percent year on year and above pre pandemic levels. The group added 64,000 square meters of retail space, including 27,000 square meters in the fourth quarter alone.
Hotel revenues under Megaworld Hotels & Resorts grew 9 percent to P5.6 billion, supported by higher room rates and new properties such as the Grand Westside Hotel, which is set to operate as Mövenpick Manila Bay Westside Hotel.
Residential engine still running
Real estate sales reached P51.8 billion, backed by projects in Uptown Bonifacio, McKinley West, Westside City, ArcoVia City, Northwin Global City and Iloilo Business Park.
—Edited by Miguel R. Camus
