Recurring payments from the sale of Nonoc Mining and Industrial Corp.’s assets injected more than ₱600 million into the national coffers in April, marking the highest single-month collection in the 11 months since May 2025.

According to the latest data from the Bureau of the Treasury (BTr), the Philippine government’s revenues from its privatization efforts surged to ₱645 million in April—the largest privatization haul since the ₱777 million collected in May last year. It also marks a substantial increase compared to the ₱155 million generated in April 2025.

The spike was driven by the DOF-attached Privatization and Management Office (PMO), which remitted ₱624 million during the month, largely due to a ₱606 million payment from Nonoc Mining.

Department of Finance (DOF) Secretary Frederick D. Go told the Manila Bulletin on Thursday, May 28, that the surge in the April collection was driven by the country’s growing need for additional cash to fund its energy crisis response. However, he clarified that the substantial haul was secured through routine operations. “We are constantly trying to privatize idle and underutilized government assets,” Go said.

Meanwhile, Finance Undersecretary and Chief Privatization Officer (CPO) Michael Peter A. Alejandro disclosed to the Manila Bulletin that another Nonoc Mining remittance of comparable size is not expected for the rest of the year.

“This is an annual payment,” Alejandro said, dismissing the energy crisis as the primary driver behind the April collection. Instead, he explained that the government achieved a higher collection in April because it is actively pursuing higher 2026 targets—“not necessarily because of the oil crisis.”

Alejandro earlier noted that the revenues from Nonoc Mining are recurring payments from a past disposition. Revenues from the mining firm contributed ₱294 million to full-year privatization collections in 2024, and ₱738 million in 2025. As of end-April, total 2026 privatization revenue stands at ₱709 million, outperforming the ₱476 million collected during the first four months of 2025.

According to the government's medium-term fiscal program, the national government (NG) aims to collect ₱101 billion by selling its idle assets. This target is massively larger than the 2025 goal of ₱5 billion, a figure that had undergone a series of downward revisions.

In March—the first month of escalating military hostilities between the United States and Iran—the Marcos administration moved to accelerate the sale of prime real estate assets to fund an urgent expansion of the national oil stockpile. This decision came as geopolitical volatility began depleting the country’s fuel buffers.

Alejandro previously told the Manila Bulletin that the government was fast-tracking “pre-disposition” activities for the Atrium of Makati, the Mile Long complex, and a portion of the Food Terminal Inc. (FTI) property in Taguig. He explained that the government is working to clear all legal and administrative hurdles to ensure the properties are ready for privatization within the year.

Go also previously stated that the finance department's urgency to dispose of these properties has heightened, noting that the additional earnings from these real estate sales will be earmarked to procure oil stock buffers amid the persistent risk of a supply shortage.