Real estate giant Megaworld Corporation started 2025 on a high note, reporting a 16% year-on-year increase in net income to ₱5.83 billion for the first quarter, fueled by strong performance across its residential, leasing, and hotel segments.
Consolidated revenues climbed 11% to ₱20.93 billion, reflecting broad-based growth and continued momentum across the company’s township developments nationwide.
“This strong start to the year reflects the resilience of our diversified portfolio and the strength of our strategy,” said Megaworld President Lourdes Gutierrez-Alfonso. “With over half of our townships located in the provinces, there remains significant room for growth.”
Kevin L. Tan, CEO of parent firm Alliance Global Group, highlighted Megaworld’s contribution to the conglomerate’s performance. “The results reaffirm the success of our LIVE-WORK-PLAY township model, which continues to connect people, businesses, and experiences in meaningful ways.”
Core Business Highlights:
- Real Estate Sales: Up 8% to ₱13.09 billion, driven by sustained demand in Metro Manila and key provincial areas. Construction progress remained on track, allowing steady revenue recognition.
- Leasing Revenues: Grew 15% to ₱5.34 billion, supported by demand from BPOs, multinational firms, and retail tenants.
- Megaworld Premier Offices: Revenue up 17% to ₱3.69 billion, with over 50,000 sqm of new office leases signed—its highest quarterly take-up in five years.
- Lifestyle Malls: Revenue rose 11% to ₱1.66 billion, aided by strong consumer traffic, increased spending, and over 13,000 sqm of new tenants.
- Hotels & Resorts: The fastest-growing segment, with revenues jumping 27% to ₱1.43 billion, driven by higher room rates, promotional packages, and increased bookings from both business and leisure travelers.
Expansion Plans
Megaworld now manages 35 integrated townships nationwide, supported by a 7,000-hectare land bank. It plans to launch more developments in the provinces this year.
By 2030, the company aims to grow its:
- Office GLA to 2 million sqm
- Retail GLA to 1 million sqm
- Total Leasing Portfolio to 3 million sqm
With total assets nearing ₱500 billion as of end-March 2025, Megaworld remains one of the country’s largest and most financially solid real estate firms.
