CLARK FREEPORT, Pampanga—The Clark International Airport Corporation (CIAC) remitted ₱585.71 million in dividends to the National Treasury, earning recognition from President Ferdinand R. Marcos Jr. during the 2026 GOCCs’ Day celebration at Malacañang Palace for its strong financial performance and contribution to the government’s fiscal program.
The amount represents 60 percent of CIAC’s adjusted net income for fiscal year 2025 and is 88 percent higher than the ₱310.99 million it remitted in 2024, reflecting sustained earnings growth, operational efficiency and prudent fiscal management.
CIAC President and Chief Executive Officer Jojit Alcazar received the Certificate of Recognition from President Marcos, joined by Executive Secretary Ralph Recto, Finance Secretary Frederick Go and Governance Commission for GOCCs Chairperson Atty. Marius Corpus.
CIAC was recognized 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.
Alcazar said the recognition highlights CIAC’s commitment to good governance, financial discipline and responsible stewardship of public resources while supporting the government’s development agenda.
The remittance exceeded the minimum requirement under Republic Act No. 7656, or the Dividend Law, which requires government-owned and controlled corporations to remit at least 50 percent of their adjusted net earnings to the National Government. Based on its adjusted net income of about ₱976 million in 2025, CIAC was required to remit around ₱488 million.
Alcazar added that the higher remittance also complied with the Department of Finance’s directive encouraging GOCCs to increase dividend contributions to the National Treasury.
He attributed the corporation’s financial gains to improved operational efficiency, sound fiscal management, a business-friendly environment for investors and locators, and sustained efforts to forge strategic partnerships supporting the Clark Aviation Capital program.
CIAC expects dividend contributions to continue increasing as it advances its seven flagship projects under the Clark Aviation Capital, an aviation-oriented development program designed to integrate logistics, commerce, innovation and sustainable urban development to attract long-term investments, generate employment and drive economic growth.
During the ceremony, President Marcos said dividend remittances from GOCCs strengthen the government’s fiscal position and help finance priority programs, including classrooms, housing projects and farm-to-market roads, without imposing additional taxes on Filipinos.
CIAC serves as the aviation and land development arm of the BCDA and manages the 2,367-hectare Clark Civil Aviation Complex, which is being developed into the country’s premier aviation-centered investment and economic hub.