PAGCOR nets P14.32 billion in Jan.-Sept. 2025, up 49%

The Philippine Amusement and Gaming Corporation (PAGCOR) saw its bottom line grow by nearly half year-on-year in the first nine months of 2025.

In a statement on Tuesday, PAGCOR announced that its January to September period net income stood at P14.32 billion, up 49% from P9.63 billion in the same period in 2024.

This was on the back of P84.09 billion in total revenues in the first three quarters of the year, up 5.87% from P79.43 billion year-on-year.

PAGCOR said its gaming operations accounted for P75.93 billion of the top line, while other related services and other income contributed P8.16 billion.

PAGCOR Chairman and CEO Alejandro Tengco said the strong revenue performance highlights the positive impact of the state-run firm's governance and modernization initiatives.

"Our financial performance is a clear reflection of PAGCOR's renewed focus on governance, digital transformation, as well as sustainable and responsible gaming," said Tengco.

The state gaming firm said its total "contributions to nation-building (CNB)" also grew 11% to P54.26 billion from P48.88 billion in the same period last year.

Out of the total CNB, two-thirds or P36.06 billion went to the national government as mandated by Presidential Decree 1869. 

PAGCOR said the share of the national government accounts for 50% of its gaming revenues minus 5% franchise tax.

The state gaming firm said its remittance to the national government also covers allocations for the Dangerous Drugs Board and the Philippine Health Insurance Corporation (PhilHealth).

PAGCOR added it has also paid P3.79 billion in franchise taxes and P609.87 million in corporate income taxes to the Bureau of Internal Revenue (BIR).

The state gaming firm said it likewise allocated P11 billion for its socio-civic projects, including remittances to the President's Social Fund.

PAGCOR said the Philippine Sports Commission received its mandated 5% share worth P1.80 billion, an 8.66% increase from the same period last year, while athletes and coaches who won in international sports competitions received P26.54 million under the Sports Incentives and Benefits Act.

Other mandated PAGCOR beneficiaries include the Board of Claims, which received P142.42 million, and the Renewable Energy Trust Fund which got P201.47 million.

Cities hosting Casino Filipino branches also received a total of P508.20 million in revenue shares.

"Every peso that PAGCOR earns goes back to the people through classrooms, health facilities, disaster response programs, and other community projects," said Tengco.

"Our focus is to sustain this momentum while ensuring that the gaming industry continues to operate responsibly and contribute to national development," added the PAGCOR chief. — VDV, GMA Integrated News