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Manila Bulletin devider Business devider Banking & Finance devider Pagcor's profit jumps 49% billion at end-Sept. on modernization drive

Pagcor's profit jumps 49% billion at end-Sept. on modernization drive

Published Nov 3, 2025 10:37 am
Pagcor Chairman and Chief Executive Officer Alejandro H. Tengco
Pagcor Chairman and Chief Executive Officer Alejandro H. Tengco
State-run Philippine Amusement and Gaming Corp. (Pagcor) reported a 49 percent increase in net income for the first nine months of the year to ₱14.32 billion from ₱9.63 billion in the same period last year.
In a statement on Monday, Nov. 3, Pagcor Chairman and Chief Executive Officer Alejandro H. Tengco stated that the agency’s strong performance in January to September was fueled by its governance and modernization efforts.
“Our financial performance is a clear reflection of Pagcor’s renewed focus on governance, digital transformation, as well as sustainable and responsible gaming,” Tengco said.
At end-September, total revenues for the period were at ₱84.09 billion, rising six percent year-on-year from ₱79.43 billion. 
According to Pagcor, gaming operations accounted for the bulk of this, contributing ₱75.93 billion, while other related services and other income contributed ₱8.16 billion.
The agency’s total contributions to nation-building (CNB), likewise, rose 11 percent to ₱54.26 billion from ₱48.88 billion during the period under review.
Out of the total CNB, two-thirds or ₱36.06 billion was remitted to the national government as mandated by Presidential Decree 1869, covering allocations for the Dangerous Drugs Board and the Philippine Health Insurance Corporation (PhilHealth).
Pagcor added that it paid ₱3.79 billion in franchise taxes and ₱609.87 million in corporate income taxes to the Bureau of Internal Revenue (BIR).
The agency also allocated ₱11 billion for its socio-civic projects, including remittances to the President’s Social Fund.
Other mandated beneficiaries included the Philippine Sports Commission, which received ₱1.80 billion, cities hosting Casino Filipino branches with ₱508.20 million in revenue shares, the Board of Claims with ₱142.42 million, and the Renewable Energy Trust Fund, which got ₱201.47 million.
Athletes and coaches who won in international sports competitions received ₱26.54 million under the Sports Incentives and Benefits Act.
Tengco noted that Pagcor remains committed to aligning its growth with public service goals.
He said, “Every peso that Pagcor earns goes back to the people through classrooms, health facilities, disaster response programs, and other community projects.”
He added, “Our focus is to sustain this momentum while ensuring that the gaming industry continues to operate responsibly and contribute to national development.”

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Philippine Amusement and Gaming Corp. (PAGCOR) Pagcor
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