The developer, led by tycoon Kevin Tan, said it has set its 2026 capital expenditure budget at P55 billion, up about 13 percent from the P48.7 billion spent last year, in response to a clarification request from the Philippine Stock Exchange.
“The new capex program continues to represent growth in capital deployment,” Megaworld, the flagship real estate company of Alliance Global Group, said on Monday.
The builder earlier said funds will be used to bankroll its township developments, office portfolio, retail footprint and hospitality assets across the country.
This comes as its integrated township model continues to generate demand across residential, office, retail and hotel developments.
Megaworld posted a six percent increase in first-quarter net income to P6.2 billion as revenue rose to P21.6 billion, supported by growth across its core business segments.
—Edited by Miguel R. Camus
