DigiPlus Reports 4Q25 Dip Amid Regulatory Changes
DigiPlus Interactive Corp., the Philippines’ largest online gaming operator, reported a dip in 4Q25 results as new regulations affected player access to its platforms. The company disclosed to the Philippine Stock Exchange that quarterly revenue fell to PHP17.3 billion ($289.3 million), down 27% from PHP23.7 billion ($369.3 million) in 4Q24. Net income decreased 36% year-on-year to PHP2.5 billion ($41.8 million), while EBITDA declined 32% to PHP3.1 billion ($51.84 million).
The drop was largely driven by regulations implemented in Q3, which required the decoupling of e-wallet in-app access from licensed online gaming sites. This adjustment temporarily slowed operations as players adapted to new payment and platform access methods. Despite this, 4Q25 showed improvement compared with Q3, with net income rising 43% from PHP1.7 billion ($28.43 million) and EBITDA up 52% from PHP2 billion ($33.44 million) following operational optimizations and tighter cost management.
Full-Year Performance Remains Strong
DigiPlus maintained solid full-year results, reporting net income of PHP12.6 billion ($210.7 million) and total revenue of PHP84.2 billion ($1.4 billion) for 2025, marking a 12% increase over 2024’s PHP75 billion ($1.24 billion). Full-year EBITDA improved slightly to PHP14.2 billion ($237.4 million), up 2% from PHP13.9 billion ($232.4 million) in 2024. Chairman Tanco noted that the results demonstrate the company’s ability to navigate regulatory shifts and a competitive market, expressing confidence for continued resilience in the year ahead.
Dividends and Balance Sheet Strength
The operator confirmed it will continue returning value to shareholders, declaring its third consecutive year of dividends. A quarterly cash dividend of PHP3.8 billion, equivalent to 30% of full-year net income, will be distributed to shareholders of record as of April 1, 2026, payable on or before April 15, 2026, at PHP0.83 per share.
DigiPlus closed 2025 with PHP23.4 billion in cash and cash equivalents and modest debt of PHP745.8 million, providing financial flexibility for future investments even after dividend payouts.
Expanding Into Land-Based Gaming
Beyond its online operations, DigiPlus is pursuing a presence in land-based gaming via a subscription to convertible notes issued by International Entertainment Corp. potentially allowing a 53.89% stake in the Hong Kong-listed firm. This company operates the New Coast Hotel Manila integrated resort, where DigiPlus has been running the online gaming platform since November, without any planned rebrand.
The strategic land-based option complements DigiPlus’ online ecosystem, enhancing engagement across both channels and positioning the company to remain a major player in the Philippine gaming market despite regulatory and competitive challenges.
