Megawide order book hits P50B on strong housing push

Megawide Construction Corp. capped 2025 with a P50-billion order book, up 15 percent year-on-year. This gives the engineering firm visibility equivalent to about three to four years of revenues.

The company led by tycoon Edgar Saavedra said on Wednesday that the healthy backlog underscores the continued strength of its construction segment—which has long been its main revenue driver, while also signaling momentum from newer growth areas.

A key driver is the expanded Pambansang Pabahay Para sa Pilipino (4PH) program. This now accounts for 23 percent of the order book.

Residential projects made up the largest share at 35 percent, followed by office and commercial developments at 28 percent and infrastructure at 15 percent.

“We are back to our comfortable level of around P50 billion, which will give us more revenue visibility over the medium term,” said Saadvera, CEO of Megawide.

He noted that the expanded 4PH segment is emerging as a “solid and sustainable pipeline.”

Megawide is banking on this space to support its target of building over 100,000 socialized housing units within five to seven years.

The firm said its integrated platform—covering development, construction and precast manufacturing—positions it to support the government’s push for affordable housing.

Of the P23.4 billion in new contracts secured last year, nearly half—or P10.7 billion—came from 4PH projects such as Avesta, JAB and Jenara Residences in Cavite.

See Also

Bank lending growth eased to near 2-year low in January ’26

Other wins included Megaworld developments Uptown Modern and One Portwood worth P11 billion, the Caticlan Airport New Passenger Terminal Building (P1.6 billion) and solar power plants in Bataan and Batangas from affiliate Citicore Power Inc.

Megawide said the aggressive push into 4PH will help utilize spare capacity in its precast facilities and generate a steadier revenue stream. This would help cushion the cyclical nature of construction.

The company is also planning to build a new precast facility by next year to support its expanding pipeline.

Separately, the firm will redeem its P1.5-billion Series 5 preferred shares on April 17, as part of its long-term financial management program. Saavedra said improving debt levels and reduced preferred shares could free up cash flows and allow a shift in dividend strategy to attract a broader shareholder base.