Total revenues rose 11 percent to P20.93 billion, backed by strong results across residential, leasing, and hospitality businesses.
Q1 financial highlights
• Real estate sales rose 8 percent to P13.09 billion, driven by strong demand in Metro Manila and key provinces.
• Leasing revenues climbed 15 percent to P5.34 billion, with gains from offices and retail spaces.
• Megaworld Premier Offices earned P3.69 billion, up 17 percent, with over 50,000 square meters in new leases, the highest in five years.
• Lifestyle malls generated P1.66 billion, an 11 percent increase, as consumer traffic and store openings grew.
• Hotels and resorts surged 27 percent to P1.43 billion, lifted by higher room rates and travel-driven promotions.
Management’s view
“This strong start to the year is a reflection of our clear strategy and the strength of our diversified portfolio. All of our core businesses - residential, office, malls, and hotels - grew during the first quarter,” said Lourdes Gutierrez-Alfonso, president of Megaworld.
“More than half of our township developments are in the provinces, and the opportunity for expansion and growth is there,” she added.
Megaworld now operates 35 townships with a land bank of 7,000 hectares, aiming to hit 3 million square meters in leasable space by 2030, as total assets near P500 billion.
“Megaworld remains to be the top contributor to the revenue pie of the Alliance Global Group,” said Kevin L. Tan, president and CEO of parent firm Alliance Global Group.
“This quarter’s results affirm the strength of the company’s township model, which thrives because of the unique connections it fosters between people, businesses, and experiences,” he added.
