Megaworld Corp., the property firm led tycoon Andrew Tan, reported a 14-percent increase in net income in the first nine months of 2025 to almost P18 billion on the back of a double-digit growth in its mall, hotel and office leasing businesses.
Nine-month consolidated revenues climbed 8 percent to P64.41 billion, Megaworld said in a stock exchange disclosure Tuesday.
“Our year-to-date performance continues to reflect the strength of our recurring income portfolio and the sustained demand across our residential and hotel offerings,” said Megaworld president Lourdes Gutierrez-Alfonso.
She said Megaworld remains focused on delivering long-term value through innovation, operational efficiency, and township-led growth even amid “mixed market conditions.”
Leasing revenues jumped 15 percent to P16.24 billion, led by the office segment, which grew 16 percent year-on-year to P11.14 billion.
This stemmed from rental hikes, renewals and new leases from expanding business process outsourcing (BPO) firms and multinational companies. The firm closed about 140,000 square meters of new leases and 120,000 square meters in renewals, underscoring continued demand for its township-based offices.
The malls business earned P5.10 billion in leasing revenues, up 13 percent from last year, attributed to higher foot traffic, stronger consumer spending, and the opening of new retail spaces and more tenants, particularly in food, fashion and home stores.
The hotel unit also recorded P4.13 billion in revenues, marking a 13-percent year-on-year rise. This was due to higher room rates, an increase in business and leisure travelers and additional rooms from new hotels such as the Grand Westside Hotel.
Real estate sales reached P40.24 billion, a 6-percent increase from last year, supported by steady demand and ongoing construction across residential projects in Cavite and Bacolod.
Megaworld has 36 township developments nationwide and a 7,000-hectare land bank. For the remainder of the year, it plans to launch a new township outside Metro Manila as part of its provincial expansion.
By 2030, Megaworld aims to grow its office gross leasable area (GLA) to 2 million square meters and retail GLA to one million square meters, bringing its total leasing portfolio to 3 million square meters.
