Megaworld Corporation (PSE: MEG), one of the Philippines’ biggest property developers, reported that it earned P12.7 billion in the first six months of 2026, according to a disclosure filed with the Securities and Exchange Commission on August 11, 2026.
To put it simply, think of Megaworld’s earnings like a kid’s allowance – the company made 5% more money compared to the same period last year. This growth came from their businesses that make money regularly, like office buildings, shopping malls, and hotels.
What Does Megaworld Do?
Megaworld builds and operates what they call “townships” – these are mini-cities where people can live, work, shop, and play all in one place. They make money in several ways: selling condominiums (residential), renting out office spaces, operating shopping malls, and running hotels.
Total Money Coming In
The company’s total revenues reached P44.2 billion during the first half of 2026. This money came from different parts of their business working together.
Hotels Growing the Fastest
Megaworld’s hotel business was the star performer, growing 11% to P3.1 billion in revenue. Imagine a race where all the business divisions are running – the hotels ran the fastest.
This growth was helped by the opening of Belmont Hotel Iloilo, a big 405-room hotel in Iloilo City. This is now the biggest hotel in that city. With this new hotel, Megaworld now has almost 1,000 hotel rooms in Iloilo Business Park, ready to serve tourists, business travelers, and people attending events.
Shopping Malls Still Busy
Megaworld Lifestyle Malls earned P3.6 billion, which is 8% more than last year. Think of a mall like a landlord collecting rent from store owners. Even though prices of goods were going up (what adults call “inflation”), people still kept shopping and walking around the malls.
The malls were 95% full, meaning almost all store spaces were rented out. During the first six months, more than 16,000 square meters of new stores opened – that’s about the size of two football fields! These new stores sold food, clothes, and offered fun activities.
Office Buildings Stay Stable
Office rental revenues grew 5% to P7.8 billion. Megaworld rents office space to companies, especially those doing specialized work like customer service centers and business processing companies.
Here’s something impressive: companies renewed their leases for more than 122,000 square meters of office space in the first half of 2026. These offices are located in popular business areas like Eastwood City in Quezon City, Uptown Bonifacio and McKinley Hill in Taguig City, and Iloilo Business Park.
By the middle of the year, Megaworld had already gotten renewals for over 80% of the leases that were supposed to end in 2026. This shows that companies like staying in Megaworld’s buildings.
Selling Homes: The Biggest Win
Residential pre-sales jumped 15% to P63 billion – this is the total value of condominiums that people agreed to buy. In the second quarter alone, sales hit P33.3 billion, up 20% from the previous year.
What makes this special is that while Megaworld was doing great, other property developers in Metro Manila weren’t doing as well. According to Colliers Philippines (a real estate research company), net unit pre-sales in Metro Manila actually dropped 47% during the same period.
Megaworld’s success came partly from their projects in provinces outside Metro Manila, including developments in Ilocandia Coastown and Paragua Coastown townships. People seemed to like buying homes in these townships because everything they need – offices, shops, restaurants, hotels, parks – is nearby.
Revenue bookings from residential projects (money they can officially count as they build the condos) reached P27.2 billion, as construction continued steadily on their ongoing projects.
Company’s Financial Health
Megaworld ended the period with P22.8 billion in cash – think of this as money in the bank that they can use when needed. Their net debt-to-equity ratio improved to 0.24x, which is a way of measuring how much borrowed money a company has compared to its own money. A lower number is better, and this shows Megaworld is managing its money carefully.
What the Boss Says
Lourdes T. Gutierrez-Alfonso, Megaworld’s president and CEO, explained that their performance shows the company can grow even when the property market is challenging. She pointed out that their “integrated townships” – where homes, offices, malls, and hotels are all in one place – help create demand across all their businesses. With a strong financial position, the company has enough flexibility to continue building and take advantage of opportunities even when the economy is uncertain.
Future Plans
Megaworld is aiming big for 2030. They want to have two million square meters of office space and one million square meters of mall space available for rent, bringing their total leasable space to three million square meters.
About Megaworld Corporation
According to the SEC filing, Megaworld has 32.4 billion common shares and 6 billion preferred shares outstanding, for a total of 38.4 billion shares. The company’s main office is located at the 30th Floor of Alliance Global Tower in Uptown Bonifacio, Taguig City.
Source Note:This article is based on the company’s official press release and disclosures filed with the Philippine Stock Exchange’s Electronic Disclosure Generation Technology (PSE EDGE) system. For the complete and official version of the announcement, readers may visit the PSE EDGE website and search for the company’s filing directly.
