Megawide cuts nearly ₱6 billion in debt as profits climb

The listed builder grows Q1 income by 26% to ₱265M while expanding 4PH housing and provincial transport hubs.

Megawide just posted a stronger first quarter, and the company is making it clear that it wants to come out of 2026 with more projects, less debt, and more room to expand.

The listed builder grew net income by 26% to ₱265 million as revenues climbed to ₱4.81 billion, helped by gains across construction, real estate, and transport terminals. Real estate more than doubled from last year, while its construction business still delivered the biggest share of earnings.

The profit surge and the balance sheet blitz

Megawide also spent the quarter aggressively trimming its liabilities, cutting almost ₱6 billion in short-term debt in just three months. The move could reduce interest costs by as much as ₱300 million this year and gives the company more financial flexibility while borrowing costs remain elevated and uncertainty tied to the Middle East conflict continues to weigh on businesses.

The company now holds a ₱48.7-billion order book and is pushing ahead with around 11,000 socialized housing units under the government’s 4PH program, alongside transport projects in Baguio, Cavite, and South Luzon.

Construction companies have spent the past few years dealing with expensive financing, slower project rollouts, and pressure on margins. Megawide is trying to position itself differently by freeing up cash, lowering debt exposure, and keeping a pipeline of major infrastructure projects moving at the same time.

 

 

Trimming fat while building the future. Megawide slashes nearly ₱6B in short-term debt as Q1 profits surge 26% to ₱265M.