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Saavedra’s Megawide off to solid 2025 start; real estate venture delivers first-ever profit

Megawide Construction Corp., led by bilyonaryo Ed Saavedra, reported a 14% jump in its first quarter net income to ₱210 million, buoyed by higher contributions from its real estate and landport operations. In a regulatory filing, Megawide said consolidated revenues reached ₱4.2 billion during the three-month period, while earnings before interest, taxes, depreciation, and amortization (EBITDA)...

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Megawide profit doubles in 2024

MANILA, Philippines — Engineering and infrastructure company Megawide Construction Corp. has doubled its profit last year following strong revenue contributions from its business operations. Megawide reported a net income of P538 million in 2024, up by 100 percent from P269 million in the previous year. Revenues climbed by 18 percent year-on-year to P22.1 billion as growth was recorded...

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