Property giant Megaworld posted record earnings in 2025, with net income rising 11% to P24-billion year-on-year, driven by sustained growth across its core businesses.

 

Consolidated revenues reached almost P86-billion, up 5% from P81.7-billion last year, supported by the continued expansion of its recurring income portfolio and healthy residential performance.

 

Leasing revenues grew double digit at 11% to P22-billion, accounting for a larger share of total revenues. This was led by office leasing revenues of Megaworld Premier Offices that rose 11% to P14.9-billion, driven by contributions from new assets, rental escalations, renewals, and continued take-up from BPO firms and multinational companies within Megaworld’s integrated townships.

 

In 2025, Megaworld recorded over 330,000 square meters of office transactions, of which around 180,000 square meters were new leases, underscoring sustained expansion activity from both existing and new tenants. The balance consisted of renewals, reflecting strong tenant retention and the resilience of Megaworld’s office portfolio amid evolving workplace dynamics.

 

Leasing revenues of Megaworld Lifestyle Malls increased by 9% to P6.9-billion, supported by stronger consumer activity and sustained tenant expansion across key lifestyle mall developments. In 2025, Megaworld’s malls reached a record average daily foot traffic of 297,000, representing an 18% year-on-year increase and surpassing pre-pandemic levels.

 

The company opened a total of 64,000 square meters of new retail spaces during the year, including around 27,000 square meters in the fourth quarter alone, reflecting sustained retailer confidence and continued demand for premium, international, and lifestyle brands. These expansions were driven by strategic tenant mix upgrades and the strengthening of food, fashion, home, and experiential retail categories across Megaworld Lifestyle Malls.

 

Revenues of Megaworld Hotels & Resorts climbed 9% to P5.6-billion, reflecting higher room rates and the contribution of newly opened properties, which include the Grand Westside Hotel that is scheduled to become Mövenpick Manila Bay Westside Hotel, making it the world’s largest Mövenpick hotel property.

 

Real estate sales reached P51.8-billion supported by stable demand across key developments in Metro Manila and growth centers in the provinces.

 

Among the strong contributors during the year were projects in Uptown Bonifacio, McKinley West, Westside City, ArcoVia City, Northwin Global City, and Iloilo Business Park.

 

With this, Megaworld is preparing to launch approximately P65-billion worth of residential projects in 2026 as part of its continued expansion across Metro Manila and high-growth provincial markets. The upcoming launches are expected to further strengthen the company’s development pipeline and support future revenue recognition.

 

“Our full-year results highlight the growing strength of our diversified township portfolio and the steady expansion of our recurring income base,” says Lourdes Gutierrez-Alfonso, president and CEO, Megaworld.

 

“With our leasing businesses continuing to gain momentum and a strong pipeline of residential launches ahead, we are entering 2026 with confidence as we see meaningful opportunities to scale further, expand in key growth markets, and build on the solid foundation we have established, especially on our pioneering township concept,” she adds.

 

In January this year, Megaworld further expanded its nationwide footprint with the launch of its 37th township, The Sugartown. The 97-hectare mixed-use development in Talisay City, Negros Occidental marks the company’s third township in the Negros Island Region (NIR) and is strategically located along the Bacolod–Silay Airport Road. Designed as a residential, commercial, and tourism hub, The Sugartown reinforces Megaworld’s continued expansion in high-growth provincial markets.

 

Megaworld continues to pursue its long-term leasing expansion strategy, targeting two million square meters of office gross leasable area (GLA) and one million square meters of retail GLA by 2030, bringing total leasing GLA to three million square meters.