CLARK FREEPORT ZONE, Pampanga — The Clark International Airport Corporation (CIAC) remitted a record ₱585.71 million in dividends to the National Treasury, reflecting the state-run firm’s improved financial performance, operational efficiency, and sustained business growth as it accelerates the development of the Clark Aviation Capital.
The dividend payout, equivalent to 60 percent of CIAC’s adjusted net income for fiscal year 2025, increased by 88 percent from the ₱310.99 million remitted in 2024, highlighting the corporation’s continued financial expansion and prudent fiscal management.
The milestone earned CIAC recognition during the 2026 GOCCs’ Day celebration at Malacañang Palace, where President Ferdinand R. Marcos Jr. honored government-owned and controlled corporations (GOCCs) that demonstrated strong performance and fulfilled their dividend obligations to the National Government.
CIAC President and Chief Executive Officer Jojit Alcazar received the Certificate of Recognition from President Marcos, together with Executive Secretary Ralph Recto, Finance Secretary Frederick Go, and Governance Commission for GOCCs (GCG) Chairperson Atty. Marius Corpus.
“This recognition reflects CIAC’s commitment to good governance, financial discipline, and responsible stewardship of public resources. Beyond fulfilling our statutory obligation, our dividend remittance represents our contribution to the government’s efforts to improve the lives of Filipinos through better public services and infrastructure,” Alcazar said.
The dividend remittance exceeded the minimum requirement under Republic Act No. 7656, or the Dividend Law, which mandates GOCCs to remit at least 50 percent of their adjusted net earnings to the National Government.
Based on its adjusted net income of approximately ₱976 million in 2025, CIAC was required to remit about ₱488 million, but increased its payout in line with the Department of Finance’s directive encouraging GOCCs to remit higher dividends to support national development priorities.
Alcazar attributed the corporation’s improved financial results to stronger operational efficiency, disciplined fiscal management, a business-friendly environment for investors and locators, and continued efforts to attract strategic partnerships that reinforce Clark’s position as an emerging aviation and investment hub.
He added that CIAC expects its dividend contributions to continue increasing as it advances its seven flagship projects under the Clark Aviation Capital program, an integrated aviation-oriented development strategy designed to expand logistics, commerce, innovation, and sustainable urban communities while generating long-term investments and employment.
CIAC was among the GOCCs recognized during the ceremony alongside its parent agency, the Bases Conversion and Development Authority (BCDA), and fellow BCDA subsidiaries Clark Development Corporation, John Hay Management Corporation, and Poro Point Management Corporation.
During the event, President Marcos emphasized that higher dividend remittances from GOCCs strengthen the government’s fiscal position and help finance priority programs without imposing additional tax burdens on Filipinos.
CIAC serves as the aviation and land development arm of the BCDA and manages the 2,367-hectare Clark Civil Aviation Complex, where the Clark Aviation Capital is being developed into the country’s premier aviation-centered investment and economic hub.