• Full-year 2025 revenue climbed 12 percent to P84.2 billion while net income held at P12.6 billion
• Profit margins tightened as revenue growth outpaced earnings before interest, taxes, depreciation, and amortization and bottom-line gains
• Fourth quarter revenue fell 27 percent year on year, though profit recovered from the third quarter on tighter cost controls
Online gambling giant DigiPlus Interactive Corp. posted flat full-year 2025 net income of P12.6 billion even as revenue rose 12 percent to P84.2 billion, underscoring margin pressure from regulatory shifts and intensifying competition.
The company said strong first-half momentum helped offset softer activity after the third-quarter delinking of e-wallet access to licensed gaming platforms.
Earnings before interest, taxes, depreciation, and amortization rose 2 percent to P14.2 billion, trailing revenue growth and compressing margins. Net margin slipped to about 15 percent from 16.8 percent a year earlier.
Management’s view
“Despite a challenging and evolving industry landscape, DigiPlus delivered a resilient performance in 2025, reflecting the strength of our platforms, disciplined execution, and the trust of our users,” chair Eusebio Tanco said.
Tanco recently aised his stake in DigiPlus to about 16 percent after a P1 billion share purchase, underscoring his strong conviction in the company’s long-term growth.
“As we look ahead, we remain optimistic about our growth trajectory and are confident in our ability to continue innovating responsibly while creating long-term value,” Tanco said.
Quarter check
Fourth quarter results weakened year on year, with revenue down 27 percent to P17.3 billion and net income falling 36 percent to P2.5 billion.
Sequentially, however, profits rebounded on cost discipline.
DigiPlus announces dividend payout
DigiPlus finished 2025 with P23.4 billion in cash and cash equivalents and minimal debt of P745.8 million.
That balance sheet strength allowed the board to approve a P3.8 billion cash dividend, equal to 30 percent of 2025 consolidated net income attributable to shareholders, or P0.83 per common share.
The payout is due on or before April 15, 2026 to shareholders on record as of April 1, 2026.
Strategic pivot taking shape
The P12 billion convertible note investment in International Entertainment Corp. marks DigiPlus’ most significant move beyond its core digital model and into physical and international gaming infrastructure.
The deal gives DigiPlus the option to acquire a 53.89 percent stake in IEC, which owns and operates New Coast Hotel Manila, a PAGCOR-licensed integrated resort.
The use of convertible notes lets DigiPlus defer full equity commitment while securing strategic exposure, limiting downside risk if regulatory or market conditions shift. It also signals a deliberate online-to-offline integration strategy.
—Edited by Miguel R. Camus
