MEGAWORLD Corp. is recalibrating its capital expenditure (capex) program for 2026 to P55 billion from the earlier announced P65 billion in line with efforts to maintain a disciplined expansion strategy anchored on its township business amid persistent global and domestic headwinds.
The revised spending plan was disclosed during Megaworld’s annual stockholders’ meeting, held virtually on June 19, during which management outlined steady residential launches and how it intended to expand its recurring income base.
“Megaworld enters 2026 with a strong momentum. Our plan reflects measured but meaningful growth, with P50 billion in residential launches, P55 billion in capex, and continued expansion of our recurring income base,” Megaworld President and CEO Lourdes Gutierrez-Alfons said.
“We are not waiting for the environment to improve, and our strategy is built to perform within it.”
She said the township model remained central to Megaworld’s long-term strategy as it enables the creation of demand across residential, office, retail and hospitality components.
“This is where our township model continues to set us apart. By integrating residential, office, retail and hospitality within each community, we create demand within our townships and income that compounds,” she said.
The trimmed capex reflects a recalibration in development timing while enabling Megaworld to maintain its long-term expansion pipeline.
The company said the township strategy was continuing to support expansion across Metro Manila and provincial growth areas while a sustained capital recycling program through its real estate investment trust MREIT Inc. was allowing it to unlock value from stabilized assets and reinvest proceeds into higher-yield developments.
The developer recently completed its fourth asset infusion into MREIT worth P16.2 billion, expanding the real estate investment trust’s gross leasable area by 34 percent to 647,000 square meters.
It has filed for a fifth infusion, expected to be completed in the second half of 2026, placing MREIT on track to reach at least 1 million square meters of gross leasable area by next year.
Megaworld shares on Friday closed up P0.01, or 0.50 percent, at P2.03 each.
