PAGCOR’s net income up 64% to US$188 million in first six months of 2025

Philippine gaming regulator PAGCOR registered net income of Php10.8 billion (US$188 million) in the first six months of 2025, up 64.3% year-on-year thanks in part to a 14% increase in revenues to Php51.8 billion (US$899 million).

A day after revealing that the Philippines gaming industry had generated gross gaming revenues (GGR) of Php214.8 billion (US$3.73 billion) in 1H25, PAGCOR outlined the effect of that figure on its own financial performance.

Specifically, it revealed that the improved revenue stream that flowed through to the regulator via license fee shares had enabled it to increase its contributions to nation-building to Php38.1 billion (US$662 million), up 20% year-on-year.

“Of our total contributions to nation-building, Php25.36 billion (US$440 million) was remitted to the National Treasury as the mandated government share,” said PAGCOR Chairman and CEO Alejandro H. Tengco

“From that government share, Php30 million (US$521,000) was remitted to the Dangerous Drugs Board while half of the remaining amount – around Php12.7 billion (US$221 million) – was the PhilHealth share.

“If the current pace continues, our UHC contribution could reach Php25 billion (US$434 million) by yearend, enough to provide Php10,000 worth of healthcare assistance to over 2.5 million Filipinos.

“This is the kind of impact we strive for: turning revenues from regulated gaming into direct public benefit.”

PAGCOR also paid Php2.7 billion (US$46.9 million) in franchise taxes to the Bureau of Internal Revenue while Php7.9 billion (US$137 million) went to its socio-civic initiatives including the President’s Social Fund, it said.

The Philippine Sports Commission, another major recipient of PAGCOR’s revenues, received Php1.3 billion (US$22.6 million) in share for the period.

“Our first-half performance reaffirms PAGCOR’s role as a vital government partner,” Tengco said. “We remain focused on continuously strengthening our regulatory framework to ensure that revenues from regulated gaming will continue to benefit the public good.”