Megaworld earnings rise 6 per cent to ₱19 billion
Hotels led growth in recurring income, while residential pre-sales reached more than 77 per cent of the developer’s annual target.
Megaworld Corp.’s earnings reached ₱19 billion in the first nine months, a 6 per cent increase supported by its rental and hospitality businesses and residential bookings. The Philippine developer reported revenue of ₱66.5 billion, up 3 per cent.
Residential pre-sales totalled ₱96.6 billion, rising 9 per cent year-on-year. Projects outside Metro Manila contributed nearly half of pre-sales, which the company said exceeded 77 per cent of its ₱125 billion full-year target. Progress on construction helped real estate sales bookings reach ₱40.6 billion.
Hotels delivered the fastest growth among recurring-income operations. Revenue from the business, now grouped under Megaworld Global Hotels and Resorts, rose 12 per cent year-on-year to ₱4.6 billion.
Megaworld Lifestyle Malls generated ₱5.5 billion in rental revenue, an increase of 9 per cent. Occupancy across the portfolio was 95 per cent and tenants’ average daily sales increased 10 per cent. Store openings during the period added almost 36,000 square metres.
Office rental income reached ₱11.9 billion, up 7 per cent, with demand from global capability centres supporting the increase. By September, renewals covered approximately 90 per cent of office leases expiring in 2026.
President and CEO Lourdes Gutierrez-Alfonso said financial discipline remained central to the company’s strategy, which balances township investment against liquidity needs and balance-sheet strength.
