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Clark International Airport Corp. delivered a record dividend to the national government, remitting P585.7 million to the National Treasury from its 2025 operations
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The payout represents 60% of CIAC’s adjusted net income from 2025 operations
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The remittance is 88% higher than the P311 million remitted in 2024
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CIAC posted a net income of P976 million in 2025, up 72% year-on-year
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Under Department of Finance guidelines, government corporations must remit at least 50% of adjusted net income; CIAC exceeded this, complying with a DOF request to remit at least 75%
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CIAC chief Jojit Alcazar credited improved operations, revenue growth, and efficiency gains
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CIAC expects dividend contributions to grow further as it rolls out seven flagship projects within the Clark Aviation Capital
Clark International Airport Corp. (CIAC) delivered a record dividend to the national government, remitting P585.7 million to the National Treasury from its 2025 operations — nearly double what it turned over the year before.
The state-run airport operator’s total remittance of P585.71 million, representing 60% of its adjusted net income, marks the highest dividend contribution in the agency’s history.
The figure is 88% above the almost P311 million remitted in 2024.
CIAC president and CEO Joseph Alcazar attributed the record payout to a sharp improvement in the government corporation’s operations.
“CIAC was able to surpass its previous high due to improved operations, alongside a consistent upward trend in revenue and efficiency in 2025,” Alcazar said in a news release.
The agency’s net income climbed 72% to P976 million, up from P565 million during the period in review.
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Under Republic Act No. 7656, government-owned and controlled corporations (GOCCs) are required to declare and remit dividends to the national government. Department of Finance guidelines set the minimum remittance rate at 50% of adjusted net income, equivalent to roughly P488 million for CIAC based on its 2025 earnings.
The airport operator exceeded that floor after heeding a DOF request for a higher payout.
“We also complied with the DOF’s request to increase the dividend remittance rate to at least 75% of CIAC’s 2025 net earnings, which led to the higher payout,” Alcazar explained.
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The CIAC chief pointed to disciplined financial management and a conducive business environment as key drivers of the agency’s sustained growth.
“CIAC remains financially strong due to prudent fiscal management, a business-friendly environment for locators, and its ability to attract partnerships and investments through development projects within the Clark Aviation Capital,” he said.
CIAC expects its dividend contributions to increase further in the years ahead as it moves forward with seven flagship projects within the Clark Aviation Capital, the GOCC’s aviation-centric development hub designed to integrate logistics, commerce, and sustainable urban growth in support of broader national economic objectives.
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