Megawide H1 profit jumps 22% to P532M

MANILA, Philippines — Megawide Construction Corp. improved its first-half consolidated net income by 22 percent, putting the engineering and infrastructure firm closer to its full-year earnings target.

On Friday, the Edgar Saavedra-led construction and engineering firm said consolidated first-half net income reached P532 million, an 80 percent increase compared to the company’s full-year 2025 earnings.

READ: Megawide order book hits P50B on strong housing push

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Saavedra said the first-half performance matched the company’s financial goals for the year.

“We are seeing the benefits of initiatives we started last year, which will complement the ramp-up of our construction activities and progress on our expanded 4PH portfolio toward the end of the year,” he said.

Consolidated revenues were nearly flat at P8.70 billion from P8.60 billion a year earlier. Construction remained Megawide’s largest revenue contributor at P6.63 billion.

Real estate revenues under PH1 World Developers Inc., meanwhile, surged 67 percent to P1.79 billion. Revenues from landport operations through the Parañaque Integrated Terminal Exchange increased by 28 percent to P278 million.

Megawide reported gross profit of P2.17 billion and operating profit of P1.28 billion during the period.

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The firm reported that the Middle East conflict affected its margins by driving up logistical costs and operating expenses.

The team reduced finance costs by P200 million, which cushioned these pressures and increased pre-tax profit to P601 million.

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Megawide is increasing its involvement in the government’s expanded Pambansang Pabahay Para sa Pilipino, or 4PH, program.

The company recently topped off Tower 1 at Avesta Residences in Imus, Cavite, its first 4PH project, after 10 months of construction. They also aim to top off another 4PH development in Dasmariñas, Cavite, before the end of August.

Still, Megawide’s construction order book stood at P45.7 billion as of end-June.

The portfolio includes end-user-focused residential projects; high-value, big-ticket private commercial, industrial and infrastructure contracts; and socialized housing projects under the expanded 4PH program. /pai