Megaworld plans P2 billion share buyback program

Megaworld Corp. plans to buy back up to P2 billion worth of its common shares to address its perceived undervaluation and enhance shareholder value.

The company's board of directors has approved the share buyback program, which will run for 24 months starting September 24, 2025, and be funded by internally generated funds.

Repurchased shares will be held as treasury stock, adding to the 1.19 billion already on its books.

As of August 31, 2025, Megaworld had 32.56 billion in outstanding common shares.

The exact number of shares to be repurchased and the company's capital structure after the program cannot be determined yet.

This buyback program coincides with Megaworld's plans to expand its leasing portfolio through upcoming projects.

Recently, Megaworld sold P2.2 billion worth of shares in its REIT, MREIT Inc., to support project completions in Cebu, Palawan, and Bacolod.

The buy-back follows the company's strong first-half financial performance, with a record net income of P12.09 billion, up 23 percent from the same period last year.