PAGCOR Q1 shows strong financial performance, net income increases 23%
Wednesday 30 de April 2025 / 12:00
⏱ 1 min read
(Philippines).- The Philippine Amusement and Gaming Corporation (PAGCOR) continued its strong financial performance in the first quarter of 2025 as revenues hit Php28.07 billion, an 11.2% spike from Php25.24 billion a year ago.
The bulk of PAGCOR’s revenues came from gaming operations which contributed Php25.52 billion.
More than half of gaming the revenues came from the Electronic Games and E-Bingo segment which generated Php14.32 billion or 56% of the total, followed by licensed casinos at Php8.32 billion or 32.6%, while PAGCOR-operated casinos chipped in Php2.88 billion or 11.31% of the pie.
Complementing the strong revenue growth was PAGCOR’s continued focus on financial discipline as operating expenses were slashed by 15.54% to Php6.21 billion, down from Php7.36 billion in the same period last year.
As a result, the agency recorded a net income of Php4.22 billion, up 23% from the Php3.43 billion net income in the first quarter of 2024.
PAGCOR Chairman and CEO Alejandro H. Tengco attributed the strong performance to improved operational efficiency and strategic reforms within the agency.
“This solid performance reflects PAGCOR’s commitment to responsible governance and fiscal discipline,” he said. “The gains we have made in the first quarter will allow us to contribute even more to nation-building for the rest of the year.”
Mr. Tengco said the state gaming agency will continue to innovate and strengthen regulatory oversight to ensure that the agency’s revenues directly benefit the Filipino people through its nation-building and corporate social responsibility programs.
PAGCOR’s total contributions to nation-building (CNB) during the period in review reached Php18.9 billion, up 21.5% from the 2024 first quarter CNB of Php15.56 billion.
Categoría:Gaming
Tags: PAGCOR,
País: Philippines
Región: Asia
Event
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