CR03721-2023

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-Q

QUARTERLY REPORT PURSUANT TO SECTION 17 OF THE SECURITIES
REGULATION CODE AND SRC RULE 17(2)(b) THEREUNDER

1. For the quarterly period ended
Mar 31, 2023
2. SEC Identification Number
CS200411461
3. BIR Tax Identification No.
232-715-069
4. Exact name of issuer as specified in its charter
Megawide Construction Corporation
5. Province, country or other jurisdiction of incorporation or organization
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
No. 20 N. Domingo Street, Barangay Valencia, Quezon City Postal Code 1112
8. Issuer's telephone number, including area code
(02) 8655-1111
9. Former name or former address, and former fiscal year, if changed since last report
N/A
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
common 2,013,409,717
preferred 118,626,010
11. Are any or all of registrant's securities listed on a Stock Exchange?
Yes
No
If yes, state the name of such stock exchange and the classes of securities listed therein:
Common Shares (MWIDE), Series 2A Preferred Shares (MWP2A), Series 2B Preferred Shares (MWP2B), Series 4 Preferred Shares (MWP4), Series 5 Preferred Shares (MWP5)
12. Indicate by check mark whether the registrant:

(a) has filed all reports required to be filed by Section 17 of the SRC and SRC Rule 17 thereunder or Sections 11 of the RSA and RSA Rule 11(a)-1 thereunder, and Sections 26 and 141 of the Corporation Code of the Philippines, during the preceding twelve (12) months (or for such shorter period that the registrant was required to file such reports)

Yes
No
(b) has been subject to such filing requirements for the past ninety (90) days
Yes
No

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Megawide Construction CorporationMWIDE

PSE Disclosure Form 17-2 - Quarterly Report References: SRC Rule 17 and
Sections 17.2 and 17.8 of the Revised Disclosure Rules

For the period ended Mar 31, 2023
Currency (indicate units, if applicable) PHP
Balance Sheet
Period Ended
Fiscal Year Ended (Audited)
Mar 31, 2023 Dec 31, 2022
Current Assets 50,824,052,678 53,794,725,797
Total Assets 63,811,307,622 66,452,756,056
Current Liabilities 21,728,260,795 23,937,401,147
Total Liabilities 45,271,398,670 46,785,875,466
Retained
Earnings/(Deficit)
7,489,119,683 8,612,106,239
Stockholders' Equity 18,539,908,952 19,666,880,588
Stockholders' Equity - Parent 18,203,667,650 19,294,185,915
Book Value per Share 4.95 5.67
Income Statement
Current Year
(3 Months)
Previous Year
(3 Months)
Current Year-To-Date
Previous Year-To-Date
Gross Revenue 4,558,520,694 3,988,702,508 4,558,520,694 3,988,702,508
Gross Expense 4,545,550,984 4,135,181,044 4,545,550,984 4,135,181,044
Non-Operating Income 202,010,194 66,165,766 202,010,194 66,165,766
Non-Operating Expense 177,777,275 603,820,845 177,777,275 603,820,845
Income/(Loss) Before Tax 12,969,710 -146,478,536 12,969,710 -146,478,536
Income Tax Expense 20,356,599 45,728,459 20,356,599 45,728,459
Net Income/(Loss) After Tax -7,386,889 -192,206,995 -7,386,889 -192,206,995
Net Income Attributable to
Parent Equity Holder
-7,124,340 -60,748,166 -7,124,340 -60,748,166
Earnings/(Loss) Per Share
(Basic)
-0.06 -0.08 -0.06 -0.08
Earnings/(Loss) Per Share
(Diluted)
- - - -
Current Year (Trailing 12 months)
Previous Year (Trailing 12 months)
Earnings/(Loss) Per Share (Basic) -0.06 -0.08
Earnings/(Loss) Per Share (Diluted) 1.56 -0.32
Other Relevant Information

The amounts in the Previous Year (3 Months) and Previous Year-To-Date in the Income Statement are different from the Quarterly Report filed in Quarter 1 of 2022 as the results of discontinued operations are separately presented in accordance with the disclosure requirements of PFRS 5.

Filed on behalf by:
Name Al-Shwaid Ismael
Designation Corporate Secretary