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Manila Bulletin devider Business devider The Stock Market devider DigiPlus extends share buyback program to shore up growth confidence

DigiPlus extends share buyback program to shore up growth confidence

Published Jul 9, 2026 03:55 pm
Online gaming firm DigiPlus Interactive Corp. extended its share buyback program for another year, preserving a multi-billion peso war chest to shore up investor confidence amid persistent regulatory scrutiny and shifting management.
The digital gaming operator will extend the repurchase window by another 12 months, utilizing the remaining ₱5.36 billion from its original ₱6 billion budget set in July of last year. A company official confirmed that the company deployed only about ₱640 million during the program’s initial 12-month run, leaving the vast majority of the authorized capital intact.
The renewal follows a turbulent year for the local digital gaming stocks after lawmakers and regulators introduced proposals to limit electronic wallet access to online platforms, raising concerns over customer acquisition.
DigiPlus launched the program to stabilize its volatile equities and counter market anxiety regarding domestic curbs on its flagship apps, including BingoPlus and ArenaPlus.
“The share repurchase program demonstrates our firm confidence in DigiPlus’ long-term growth and solid fundamentals,” DigiPlus Chairman Eusebio Tanco said.
“By strategically deploying our capital through this buyback, we are sending a clear signal that DigiPlus is committed to delivering sustainable returns for shareholders while remaining well-positioned to pursue expansion and innovation,” he added.
DigiPlus indicated that the ongoing capital deployment will rely entirely on internally generated cash flows rather than debt. The company maintained that it stays well-capitalized, ensuring it can balance tight capital allocation with ongoing updates to its technology suite and international rollouts.
The announcement comes during a transition period for DigiPlus, which appointed finance veteran Ping Chen as its new president following its annual meeting.
Despite navigating stricter oversight, executive comments from the end of the first half indicated that operational performance had stabilized after a challenging start to the year. Officials cited active margin-improvement strategies meant to sustain profitable quarters.
The company is also leaning into its geographic diversification pipeline to mitigate domestic regulatory risks. The gaming firm is entering the final phases of a planned relaunch of its operations in Brazil, while concurrently building local teams for a prospective entry into South Africa, scheduled for 2027.

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Digiplus Interactive Corporation Eusebio Tanco Andy Tsui
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