PAGCOR Remits PHP5.67B Dividend to Treasury

The Philippine Amusement and Gaming Corporation (PAGCOR) has remitted PHP5.67 billion (US$91.9 million) in dividends to the National Treasury, representing 50% of its net earnings for the 2025 financial year.

The turnover took place during a formal ceremony at PAGCOR’s headquarters, where Bureau of the Treasury Deputy Treasurer Kenneth Ian Francisco received the dividend cheque. The payment was made in accordance with the country’s Dividends Law, which requires government-owned and controlled corporations to remit at least half of their annual net income to the state.

PAGCOR stated that the latest payment increased its total dividend remittances since 2022 to PHP29.9 billion, covering the post-pandemic period.

PAGCOR highlights role in supporting government finances

PAGCOR Chairman and CEO Alejandro Tengco said the regulator remains committed to supporting government initiatives despite ongoing global economic challenges.

According to Tengco, the agency continues to view its financial contributions to the National Treasury as part of its broader responsibility to assist programs aimed at improving the welfare of Filipinos.

He added that PAGCOR takes pride in its role as both a gaming regulator and a government corporation contributing directly to public service funding through its dividend payments.

Treasury welcomes latest remittance

Deputy Treasurer Kenneth Ian Francisco described the remittance as an important source of additional funding for government programs and operations.

He noted that the dividend payment would help strengthen the government’s financial resources while supporting measures related to economic and social development, including efforts to manage the impact of the global oil crisis.

The latest remittance also reinforces the legal requirement for state-owned corporations to transfer at least 50% of their yearly net earnings to the national government under the Dividends Law.

With the newest payment, PAGCOR continues its regular contributions to state finances through annual remittances tied to its operating performance.