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The Philippine Ports Authority reaffirmed its position as one of the country’s top-performing GOCCs, with a dividend remittance of P5.20 billion to the National Treasury
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The Department of Finance recently announced that total dividend collections from around 50 GOCCs surpassed P76 billion as of May 15 this year, with PPA ranking again at fourth spot.
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Under Republic Act No. 7656, GOCCs are required to remit at least 50% of their net earnings to the National Government
The Philippine Ports Authority (PPA) reaffirmed its position as one of the country’s top-performing government-owned and -controlled corporations (GOCCs), with a dividend remittance of P5.20 billion to the National Treasury.
The Department of Finance (DOF) recently announced that total dividend collections from around 50 GOCCs surpassed P76 billion as of May 15 this year, with PPA again ranking at fourth spot.
Under Republic Act No. 7656, GOCCs are required to remit at least 50% of their net earnings to the National Government.
The P5.20 billion dividend remitted for 2024 builds on the agency’s track record, following its P5.06-billion remittance in 2023; P4.4 billion in 2022; P4.08 in 2021; P3.76 billion in 2020; P5.05 billion in 2019; P3.56 billion in 2018; P3.10 billion in 2017; and P1.96 billion in 2016.
READ: PPA to remit P5.2B in dividends to government
This performance not only highlights PPA’s financial strength but also reflects its support for the fiscal consolidation agenda of the Marcos administration, according to PPA.
“We thank President Ferdinand Marcos Jr. for his strategic economic guidance and the administration’s commitment to strengthening public institutions. These financial decisions have empowered us to deliver consistent results and contribute significantly to national development,” PPA general manager Jay Santiago said in a statement.
The PPA’s continued financial growth is backed by its expanding port infrastructure and operational efficiency. Last year, the PPA generated total revenues of P27.64 billion, which was an 8.61% rise from the P25.45 billion recorded in 2023.
The agency targets higher earnings this year. Based on data, PPA’s net income rose to P3.88 billion from January to March, 2025, compared to P1.73 billion during the same period in 2024. PPA’s revenue rose by 24%, driven by its service and business income from port operations and maintenance.
“We are proud of our role in supporting the national government’s fiscal goals, and we are determined to sustain this momentum. We will continue working toward even greater milestones,” Santiago added.
The top GOCC contributors were Land Bank of the Philippines (P26 billion), the Philippine Amusement and Gaming Corp. (P12.6 billion), Philippine Deposit Insurance Corp. (P10.13 billion), PPA (P5.20 billion), and Manila International Airport Authority (P3.32 billion).
PPA surpassed the other dividend contributors like the Philippine National Oil Company with P2.42 billion, the Bases and Conversion and Development Authority (P2.03 billion); Philippine Charity Sweepstakes Office (P1.77 billion); Subic Bay Metropolitan Authority (P1.46 billion); and Maharlika Investment Corporation (P1.45 billion).
