Just days before commemorating its 52nd anniversary, the Philippine Ports Authority (PPA) has once again secured its place among the country’s top-performing government-owned and controlled corporations (GOCCs), ranking sixth in total dividend contributions to the National Government.
PPA General Manager Jay Santiago formally accepted the recognition today during the 2026 GOCC Day ceremony held at Malacañang Palace.
The award honors PPA’s more than five decades of public service, responsible fiscal management, and ongoing commitment to national development through stronger port infrastructure.
Pursuant to Republic Act No. 7656 (the Dividends Law), GOCCs are mandated to remit at least 50 percent of their annual net earnings to the National Government.
Since 1986, the PPA has remitted a cumulative ₱62.33 billion in dividends. Remarkably, more than two-thirds of that total—amounting to ₱41.5 billion—was achieved between 2016 and 2025 under GM Santiago’s leadership, reflecting an unprecedented era of financial performance.
Furthermore, the PPA’s ₱5.33-billion dividend declaration for Fiscal Year 2025 stands as the highest single-year remittance in the agency’s history since its founding in 1974.
Speaking at the ceremony, President Ferdinand R. Marcos Jr. reminded GOCCs that while financial sustainability is critical, public service must always remain their core focus.
“Your foremost mandate is that of public service. Profit is never the end in itself. It is just a means to better serve our people,” President Marcos Jr. emphasized.
As of July 2026, the National Government has collected approximately ₱139.8 billion in dividend remittances from 50 GOCCs, surpassing previous records. The President noted that these funds heavily boost the government’s capacity to deliver essential public services without placing extra tax burdens on Filipinos.
The six highest dividend-contributing GOCCs honored this year are:
-
Bangko Sentral ng Pilipinas – ₱62.39 billion
-
Land Bank of the Philippines – ₱32.35 billion
-
Philippine Deposit Insurance Corporation – ₱9.69 billion
-
Manila International Airport Authority – ₱7.59 billion
-
Philippine Amusement and Gaming Corporation – ₱5.67 billion
-
Philippine Ports Authority – ₱5.33 billion
The PPA’s continuous inclusion in this elite tier stems from record financial growth. In Fiscal Year 2025, the Authority generated its highest-ever annual revenue of ₱30.09 billion, propelled by rising vessel traffic, increased cargo throughput, improved regulatory income, higher storage revenues, and sustained cost-optimization initiatives.
GM Santiago dedicated the milestone to the public, underscoring that strong financials are directly reinvested into the country’s future.
“As we mark 52 years of serving the Filipino people, this recognition reminds us that every achievement of the PPA belongs to the nation,” GM Santiago said.
“Every peso we remit reflects our responsible stewardship of public resources, while every investment we make in modernizing our ports helps strengthen trade, tourism, and connectivity for future generations. This milestone inspires us to continue serving with excellence, integrity, and accountability.”
Looking ahead to its 52nd year, the PPA reaffirmed its commitment to balancing robust fiscal health with its public mandate. Moving forward, the agency plans to accelerate port modernization, drive digital transformation, and fast-track strategic infrastructure investments that support national economic growth and advance the Bagong Pilipinas agenda.
