Megaworld's net income up 16%
TOWNSHIP development pioneer Megaworld Corp. (MEG) reported a robust start to 2025, posting a 16 percent year-on-year growth in net income to P5.83 billion in the first quarter.
Consolidated revenues also expanded by 11 percent to P20.93 billion, driven by solid contributions from its residential, leasing and hotel operations.
Company president Lourdes Gutierrez-Alfonso attributed the strong performance to their clear strategy and diversified portfolio, highlighting growth across all core businesses and the potential in provincial townships.
Megaworld’s parent company, Alliance Global Group, also lauded the results, affirming the strength and sustainability of Megaworld’s township model.
The company saw eight percent growth in real estate sales, a 15 percent climb in leasing revenues, a 17 percent surge in Megaworld Premier Offices revenue (securing a five-year high in new leases), an 11 percent rise in Megaworld Lifestyle Malls revenue (surpassing pre-pandemic foot traffic), and a 27 percent jump in Megaworld Hotels & Resorts revenue.
With total assets nearing half a trillion pesos and 35 townships nationwide, Megaworld aims to expand its office gross leasing area (GLA) to two million square meters and retail GLA to one million square meters by 2030. / KOC
Source:
https://www.sunstar.com.ph/cebu/megaworlds-net-income-up-16
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