Property giant Megaworld Corporation has announced impressive financial results for the first nine months of 2025, demonstrating robust growth across its core business segments.
Strong Financial Performance Across All Segments
The company reported a 14% increase in net income, reaching nearly P18 billion during the January to September period. This substantial growth was supported by an 8% rise in consolidated revenues, which totaled P64.41 billion according to the company's latest financial disclosure.
Megaworld President Lourdes Gutierrez-Alfonso stated that their year-to-date performance reflects the strength of their recurring income portfolio and sustained demand across residential and hotel offerings. She emphasized the company's focus on delivering long-term value through innovation, operational efficiency, and township-led growth strategy.
Office and Leasing Business Leads Growth
The company's leasing operations emerged as a major growth driver, with leasing revenues climbing 15% to P16.24 billion compared to the same period last year. The office segment particularly stood out, with Megaworld Premier Offices generating P11.14 billion in revenues, representing an impressive 16% year-on-year increase.
This remarkable performance in office leasing was fueled by multiple factors including rental escalations, lease renewals, and new take-ups from both expanding BPO companies and traditional multinational corporations. During the nine-month period, Megaworld secured nearly 140,000 square meters in new office leases and approximately 120,000 square meters in renewals.
The company noted that these results reaffirm the strong market preference for strategically located office spaces within integrated townships that offer superior convenience, accessibility, and work-life integration for tenants.
Retail and Hospitality Sectors Show Strong Momentum
Megaworld's retail operations through Megaworld Lifestyle Malls generated P5.10 billion in mall leasing revenues, marking a 13% increase from the previous year. This growth was supported by increasing foot traffic and consumer spending across key mall developments, with retail activities gaining momentum particularly in food, fashion, and home categories.
The hospitality segment under Megaworld Hotels & Resorts recorded P4.13 billion in revenues, also reflecting a 13% year-on-year growth. Hotel operations benefited from higher room rates, increased business and leisure travel, and additional room inventory from newly opened properties including the Grand Westside Hotel, which now holds the distinction of being the country's largest hotel in terms of room count.
Meanwhile, the company's real estate sales increased by 6% to P40.24 billion, supported by stable sales uptake and consistent construction progress across multiple residential developments in Metro Manila and various provinces.
