August 22, 2025 | 12:00am
MANILA, Philippines — Megawide Building Corp. is trying to surpass its revenue final yr following a powerful efficiency within the first half.
Megawide reported a internet revenue of P436 million from January to June, which already represents 81 p.c of the corporate’s full yr 2024 internet revenue.
12 months-on-year, nonetheless, the corporate’s internet revenue was barely decrease than the P438 million recorded within the first half of 2024.
Revenues for the interval stood at P8.6 billion as tasks below development enter the tail finish of the life cycle.
“Primarily based on our efficiency within the first six months of the yr, we’re on monitor to outpace our internet revenue from the earlier yr. That is additionally partly pushed by the rising contribution from our actual property enterprise, which is steadily rising as a brand new development driver,” Megawide chairman and CEO Edgar Saavedra stated.
“Different enterprise segments are anticipated to enhance our consolidated general efficiency as we replenish our order guide for EPC and precast and development options from each exterior and inside purchasers,” he stated.
By way of section, development operations contributed P7.3 billion and accounted for 85 p.c of whole consolidated revenues through the first semester.
Income from actual property operations amounted to P1.1 billion coming from ongoing tasks comparable to My Enso Lofts, The Hive, Northscapes, Modan Lofts, One Lancaster Park and Lykke Apartment.
Landport operations delivered P217 million in revenues because the section benefitted from the regular inflow of passengers within the terminal.
Industrial occupancy remained wholesome at 98 p.c, whereas signed contracts for workplace areas have been at 47 p.c.
Megawide’s development order guide reached P37.7 billion as of end-June, with new contracts amounting to P2 billion from Towers 2 and three of PH1 World Builders Inc.’s Modan Lofts Ortigas Hills and Citicore’s Lucanin solar energy plant, along with battery power storage techniques for Bolbok and Lumbangan photo voltaic crops.
Megawide stated it stays dedicated to enterprise into extra scalable and socially responsive enterprise platforms, comparable to the federal government’s flagship Pambansang Pabahay Para sa Pilipino (4PH) program.
“Our foray into the 4PH is predicted to assist handle the six million housing backlog and additional harness synergies throughout the group, by boosting the order guide for each EPC and PCS from the interior entrance,” Saavedra stated.
“Particularly, we broke floor for 4 new places below the 4PH – two every in Bacoor and Dasmarinas. Along with our maiden venture Avesta in Imus, PH1 is predicted to ship roughly 7,000 housing models from these tasks within the subsequent two to 3 years in Cavite alone,” he stated.
Megawide can also be at the moment bidding for high-value tasks estimated at P20 billion, which can jack up its year-end order guide to P50 billion.