The Philippine Amusement and Gaming Corporation (PAGCOR) recently released its financial report for the first quarter of 2025, showing a net profit of 4.2 billion pesos, a 23% increase year-over-year, setting a new high for quarterly earnings in recent years. This achievement is mainly due to steady revenue growth and a significant reduction in operating costs.
Alejandro Tengco, Chairman and CEO of PAGCOR, stated that the impressive financial performance reflects the effectiveness of organizational restructuring and fiscal management. He noted that the total revenue for the first quarter of 2025 reached 280.7 billion pesos, an increase of 11.2% from the previous year.
In terms of revenue structure, electronic gaming and electronic bingo (E-Bingo) contributed the most, accounting for 143.2 billion pesos, more than half of the total. Licensed casinos generated 83.2 billion pesos, while self-operated casinos brought in 28.8 billion pesos.
At the same time, PAGCOR significantly reduced operating expenses to just 62.1 billion pesos, more than 15% lower than the same period last year, further enhancing profitability.
Tengco mentioned that PAGCOR will continue to promote technological innovation and industry regulation, strengthen capital efficiency, and sustain support for national construction and social projects. In the first quarter of this year, PAGCOR contributed 189 billion pesos to the national treasury, a 21.5% increase year-over-year.
This financial report shows that PAGCOR is steadily consolidating its core position in the Philippine gaming and entertainment industry.
