DigiPlus Fourth Quarter Profit Falls 36% as Philippines Rules Bite

DigiPlus closed 2025 with a softer fourth quarter, as tighter online gaming rules in the Philippines continued to weigh on activity. Even so, full year revenue still grew, and the company declared a cash dividend for shareholders.

Good to Know

• Fourth quarter net income fell 36% year on year to PHP2.5 billion.
• Full year 2025 revenue rose 12% to PHP84.2 billion, while net income held flat at PHP12.6 billion.
• DigiPlus declared a PHP3.8 billion cash dividend, equal to PHP0.83 per share, payable on or before April 15, 2026.

DigiPlus Feels Regulatory Pressure but Keeps Full Year Revenue Growing

DigiPlus said fourth quarter revenue dropped 27% from a year earlier to PHP17.3 billion, while EBITDA fell 32% to PHP3.1 billion. The company tied part of that slowdown to tighter rules in the Philippines online gaming market.

Even with that weaker finish, the business looked steadier than it did in the third quarter. Revenue slipped 9% from PHP19.1 billion, but net income rose 43% quarter on quarter from PHP1.7 billion and EBITDA climbed 52% from PHP2.0 billion. DigiPlus said better cost management and operational calibration helped support that rebound.

The group operates BingoPlus, ArenaPlus, and GameZone in the Philippines, along with casino slot arcade operations through another unit. Those brands were hit after e wallet providers removed in app access to licensed online gaming platforms, a rule change that disrupted activity across the sector in the second half of 2025.

For the full year, DigiPlus posted PHP12.6 billion in net income, flat from 2024, while EBITDA increased 2% to PHP14.2 billion. Revenue for 2025 reached PHP84.2 billion, up 12%, as a strong first half helped offset the later slowdown.

“The company full-year performance reflects resilience amid an evolving regulatory and competitive landscape, supported by disciplined execution in its retail games segment and targeted operational initiatives,” the company stated.

Dividend Declared as DigiPlus Eyes Next Phase

DigiPlus declared a cash dividend of PHP3.8 billion, or 30% of full year consolidated net income attributable to shareholders. That works out to PHP0.83 per share, with payment due on or before April 15, 2026. The company ended 2025 with PHP23.4 billion in cash and cash equivalents and PHP745.8 million in debt.

DigiPlus also said it paid PHP34.6 billion in taxes and regulatory fees during 2025, underlining how large licensed online gaming has become in the Philippines.

DigiPlus chairman Eusebio Tanco said: “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.”

He added: “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.”

The company also said it is well positioned for regulatory transition in the Philippines. At the same time, DigiPlus is buying HKD1.60 billion in convertible notes issued by International Entertainment Corp. If fully converted, the notes would give DigiPlus a 53.89% stake and a path into the land based casino segment through New Coast Hotel Manila, which holds a provisional casino gaming licence from Pagcor.

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