Megawide Construction Corp. saw its order book grow 15 percent to P50 billion in 2025, providing the listed builder with revenue visibility over the medium term.
The healthy pipeline signals continued strength in its construction segment, which has historically been the group’s primary revenue driver, the company said Wednesday in a disclosure to the stock exchange.
Residential projects accounted for the largest share at 35 percent, followed by office and commercial developments at 28 percent. Projects under the government’s flagship Pambansang Pabahay Para sa Pilipino (4PH) program comprised 23 percent, while infrastructure accounted for 15 percent.
“We are back to our comfortable level of around P50 billion, which will give us more revenue visibility over the medium term,” Megawide chairman and chief executive Edgar Saavedra said.
Saavedra said the rising contribution of the 4PH initiative is expected to provide a “solid and sustainable pipeline” as the company targets building more than 100,000 socialized housing units over the next five to seven years.
Nearly half of the P23.4 billion worth of new contracts secured in 2025 came from 4PH-related developments. These include Avesta, JAB and Jenara Residences in Cavite totaling P10.7 billion.
Other new projects added to the order book include P11 billion in developments from Megaworld Corp., Uptown Modern and One Portwood.
The builder also secured a P1.6 billion contract for the new passenger terminal building of Caticlan Airport and solar power facilities in Bataan and Batangas for affiliate Citicore Power Inc.
The company said its aggressive push into the 4PH segment is expected to optimize capacity in its precast facilities and help stabilize revenues amid the cyclical nature of construction. It also plans to expand its precast capacity with a new facility targeted for completion next year.
Megawide had bared plans to redeem its P1.5 billion Series 5 preferred shares on April 17, 2026 as part of its long-term financial management program.
Saavedra said improving debt levels, coupled with a strong order book and reduced preferred share obligations, could free up additional cash flows and support a potential shift in dividend strategy aimed at attracting a broader shareholder base.
