CIAC remits P585.7M dividends to National Treasury

CIAC remits P585.7M dividends to National Treasury | Daily Tribune

There, President Marcos honored government-owned and controlled corporations (GOCCs) that demonstrated exemplary 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.

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 (CDC), John Hay Management Corporation (JHMC), and Poro Point Management Corporation (PPMC).

The dividend remittance of P585,709,498.80 represents 60 percent of CIAC's adjusted net income for fiscal year 2025 and is 88 percent higher than the ₱310.99 million remitted in 2024.

The increase reflects the corporation's sustained financial growth, operational efficiency, and prudent fiscal management.

Alcazar said the recognition affirms CIAC's continuing efforts to strengthen its financial performance while supporting the national government's development agenda.

"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.

CIAC's remittance exceeds 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 CIAC's adjusted net income of approximately P976 million in 2025, the corporation was required to remit around P488 million.

Alcazar noted that CIAC likewise complied with the Department of Finance's directive encouraging GOCCs to increase their dividend remittances, resulting in the higher payout to the National Treasury.

He attributed the corporation's strong financial performance to improved operational efficiency, sound fiscal management, a business-friendly environment for investors and locators, and sustained efforts to attract strategic partnerships that support the continued development of the Clark Aviation Capital.

CIAC also expects its dividend contributions to continue growing as it advances its seven flagship projects under the Clark Aviation Capital, the corporation's aviation-oriented development program that integrates logistics, commerce, innovation, and sustainable urban development to generate long-term investments, employment opportunities, and economic growth.

During the GOCCs' Day celebration, President Marcos underscored the crucial role of GOCCs in strengthening the country's fiscal position and enabling the government to deliver essential public services.

"Every peso remitted strengthens the government's capacity to deliver better services without imposing additional tax burden on ordinary Filipinos," the President said.

He added that the dividends remitted by GOCCs will help fund classrooms for students, housing for Filipino families, and farm-to-market roads that improve the livelihoods of farmers and fisherfolk, demonstrating how responsible corporate governance directly benefits communities across the country.

CIAC is 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 as the country's premier aviation-centric investment and economic hub.