Megawide Construction Corp. reported a 15-percent growth in its order book to ₱50 billion by the end of 2025, boosted by its expanded Pambansang Pabahay Para sa Pilipino (4PH) projects supported by Home Development Mutual Fund (HDMF) or Pag-IBIG Fund.

The firm informed the Philippine Stock Exchange (PSE) on Wednesday, March 18, that the higher order book is equivalent to approximately three to four years’ worth of revenue.

The healthy level is also an early indicator of the construction segment’s performance moving forward—historically Megawide’s main revenue driver.

In terms of segments, residential projects comprised 35 percent of total, with the office and commercial segment accounting for 28 percent, infrastructure at 15 percent, and the expanded 4PH projects at a considerable share of 23 percent.

“We are back to our comfortable level of around ₱50 billion, which will give us more revenue visibility over the medium term,” said Megawide Chairman and Chief Executive Officer (CEO) Edgar Saavedra.

He added that, “More important, we want to highlight an emerging segment in our portfolio—the expanded 4PH—which we believe will provide a solid and sustainable pipeline as we aspire to build over 100,000 socialized housing units in the next five to seven years.”

The expanded 4PH is a flagship program of the national government (NG) that aims to deliver affordable housing across the country.

Megawide, through its integrated service and operational platform, is uniquely positioned to support this campaign, leveraging its group-wide synergy as a developer, contractor, and supplier of state-of-the-art precast products.

Given this development, almost half of the ₱23.4-billion new contracts sealed last year were 4PH projects—Avesta, JAB, and Jenara Residences in Cavite province—amounting to ₱10.7 billion.

Other new projects included multi-use developments from Megaworld Corp.—Uptown Modern and One Portwood—at ₱11 billion; Caticlan Airport’s new passenger terminal building (₱1.6 billion); and solar power plants in Lucanin (Bataan province) and Lumbangan (Batangas province) from affiliate Citicore Power Inc. worth ₱270 million.

With an aggressive push into the expanded 4PH, the company expects to fill unused capacity in its precast facility while augmenting its traditional order book, churning a steady, sustainable revenue stream that can even out the inherent cyclicality in the construction segment.

On a broader scale, Megawide hopes that by sharing and adopting the technology, it can accelerate housing construction in the country and serve as a catalyst for modernizing the local industry.

The company earlier revealed plans to expand its precast capacity by putting up a new facility next year with similar size to support its expanded 4PH order book.

Earlier, Megawide announced its plans to redeem its maturing ₱1.5-billion series 5 preferred shares this coming April 17, 2026.

“The redemption is part of our long-term financial management program. Already, we see substantial improvement in our debt levels this first quarter of 2026 and, combined with a healthy order book and reduction in preferred shares, can free up incremental cash flows. This will allow us to explore a shift in our dividend strategy to tap a broader shareholder base,” noted Saavedra.