MEGAWORLD Corp. grew its net income by 6 percent to P19 billion in the first nine months of 2026, with higher residential presales and recurring revenues from its office, mall and hotel businesses supporting the performance.
Earnings growth, however, was slower compared with the 14-percent increase seen in the same period last year when net income reached P17.93 billion.
“Our nine-month results demonstrate the strength of Megaworld’s township model and the importance of prudent financial management in delivering growth amid property market and macroeconomic headwinds,” Megaworld President and CEO Lourdes Gutierrez-Alfonso said.
She added that financial discipline remained central to the company’s strategy as it balanced township investments with the need to preserve liquidity and maintain a sound balance sheet.
Consolidated revenues rose 3 percent to P66.5 billion from P64.41 billion, with contributions from its leasing, hospitality and residential businesses.
Residential presales increased 9 percent to P96.6 billion, defying challenges in the property market.
Provincial developments accounted for nearly half of total presales, indicating demand for township projects outside Metro Manila.
The nine-month figure was equivalent to more than 77 percent of Megaworld’s P125-billion full-year presales target.
Real estate sales bookings also climbed to P40.6 billion, supported by construction progress across its ongoing developments.
Meanwhile, the company’s recurring income businesses continued to provide support, with hotel revenues posting the fastest growth among its major segments.
Megaworld Global Hotels and Resorts recorded a 12-percent increase in revenues to P4.6 billion, while Megaworld Lifestyle Malls’ rental revenues grew 9 percent to P5.5 billion.
Mall occupancy stood at 95 percent as average daily tenant sales increased 10 percent. The mall portfolio also recorded nearly 36,000 square meters of new store openings during the nine-month period.
Office rental revenues rose 7 percent to P11.9 billion, driven by lease take-up from global capability centers, which handle knowledge-intensive and business-critical functions for multinational companies.
As of September, Megaworld had secured renewals covering about 90 percent of office leases scheduled to expire this year, providing greater visibility for its rental income.
Megaworld ended September with a net debt-to-equity ratio of 0.24 times, which it said reflected prudent balance sheet management and supported its capacity to finance ongoing developments.
Megaworld’s share price dropped by 4 centavos to close at P2.25 each on Tuesday.
