PAGCOR Transfers multi-million dividend payment to the Philippine Treasury

The Philippine Amusement and Gaming Corporation announced on May 13 that it had transferred PHP5.67 billion in dividends to the National Treasury, representing 50% of its net earnings for the 2025 calendar year.

The remittance complies with Republic Act No. 7656, commonly known as the Dividends Law, which requires government-owned and controlled corporations in the Philippines to remit at least half of their annual net income to the national government.

PAGCOR strengthens government funding efforts

According to PAGCOR Chairman and CEO Alejandro H. Tengco,“Even amid challenges, PAGCOR will honor its commitment to contribute meaningfully to government programs that uplift the lives of Filipinos,” 

“Isang karangalan pa rin sa aming organisasyon na makatulong sa Bureau of the Treasury at maging katuwang ng ating pamahalaan sa paghahatid ng tulong at serbisyo sa ating mga kababayan,” he added.

The latest transfer also pushed PAGCOR’s total dividend remittances since 2022 to nearly PHP29.9 billion, reflecting the agency’s growing financial contribution to the Philippine government in the post-pandemic period.

Treasury welcomes PAGCOR contribution

The dividend payment was formally received by Deputy National Treasurer  Kenneth Ian Francisco during a ceremonial turnover event held at PAGCOR’s corporate headquarters in Pasay City.

Francisco said “We congratulate and thank PAGCOR for another strong year of dividend remittance,” Mr. Francisco said.

“PAGCOR’s P5.67 billion dividend remittance makes available much-needed fiscal resources that will enable the national government to mitigate the effects of the global oil crisis and pursue programs geared toward meaningful economic and social transformation,” he added.