Engineering conglomerate Megawide Construction Corp. reported that its real estate business propelled a 22-percent growth in consolidated net income to ₱532 million in the first six months of 2026, equivalent to 80 percent of its full-year 2025 earnings.

“Our performance in the first six months of the year is consistent with our back-ended full-year financial targets,” said Megawide Chairman and CEO Edgar Saavedra in a disclosure to the Philippine Stock Exchange.

He added, “We are also seeing the benefits of initiatives we started last year, which will complement the ramp-up of our construction activities and progress on our expanded 4PH portfolio toward the end of the year.”

Consolidated revenues were nearly flat at ₱8.70 billion, compared with ₱8.60 billion in the same period last year, with construction still contributing the bulk at ₱6.63 billion.

This was followed by real estate revenues under PH1 World Developers, Inc., which surged 67 percent to ₱1.79 billion, and landport operations through the Parañaque Integrated Terminal Exchange, which grew 28 percent to ₱278 million.

Gross profit and operating profit, recorded at ₱2.17 billion and ₱1.28 billion, respectively, were weighed down by rising logistical costs and higher operating expenses stemming from the Middle East conflicts that erupted in February.

However, these pressures were partially offset by a ₱200-million reduction in finance costs, yielding a pre-tax profit of ₱601 million.

Megawide recently topped off Tower 1 of its maiden 4PH project, Avesta Residences in Imus, Cavite, after 10 months of construction. The company is targeting another topping-off milestone before the end of August for a new 4PH development in Dasmariñas, Cavite.

The firm reported a construction order book of ₱45.7 billion as of end-June 2026, comprising end-user-focused residential projects; high-value private commercial, industrial, and infrastructure contracts; and a socialized housing portfolio under the government’s expanded 4PH program. (James A. Loyola)