Megaworld keeps guarded optimism for 2026

Recalibrates capex, project launches

MANILA, Philippines — Property giant Megaworld Corp. is staying optimistic this year even as the company has recalibrated its capital expenditures and residential project launch plans.

Megaworld executive director Kevin Tan said the company is confident in its ability to keep delivering this year and beyond.

“Megaworld enters 2026 with a strong momentum. Our plan reflects measured but meaningful growth, with P50 billion in residential launches, P55 billion in capex and continued expansion of our recurring income base,” Tan said.

“We are not waiting for the environment to improve, and our strategy is built to perform with in it,” he said.

Megaworld earlier this year announced a capital spending budget of P65 billion for 2026. On the residential front, the company also previously said it intends to launch 19 projects this year with a total value of P65 billion.

Tan said Megaworld’s township model continues to set the company apart from other developers.

He said that by integrating residential, office, retail and hospitality within each community, Megaworld creates demand within its townships and income that compounds, giving the business resilience when times are challenging and grow faster when times are better.

“Add to that our growing provincial footprint, where we are present in more high-growth regions than any other major developer, and the financial discipline that has guided this company through every cycle,” Tan said.

During the first quarter of the year, Megaworld posted a six percent increase in its net income to P6.2 billion from P5.8 billion in the same period in 2025.

Revenues slightly improved to P21.6 billion from last year’s P20.9 billion as every core segment delivered positive growth, both year-on-year and sequentially.

“Looking into 2026, our operational priorities are clear. We will continue to grow recurring income, scale our launches in line with demand visibility, advance the next phase of capital recycling and improve operating efficiency across every segment,” Megaworld president and CEO Lourdes Gutierrez-Alfonso said.

“The financial discipline that has carried this business through every cycle remains intact. And the township model continues to be our most enduring competitive advantage,” she said.

Gutierrez-Alfonso said Megaworld’s office business also continues to perform strongly despite the challenges faced by the broader office sector.

She said the company’s office developments create a more attractive and sustainable environment for both tenants and employees as they are located within integrated communities.

On the demand side, Gutierrez-Alfonso said Megaworld continues to see strong growth from multinational companies and global capability centers expanding in the Philippines, many of which prefer township locations that offer convenience, accessibility and lifestyle amenities.

She said traditional office demand from large local and multinational companies also remains healthy.

“We believe these two demand drivers combined with the strength of our township, developments and strategic locations position our company for long-term growth in the office sector,” Gutierrez-Alfonso said.