The Clark International Airport Corporation (CIAC) has earned recognition from President Ferdinand R. Marcos Jr. after remitting P585.71 million in dividends to the National Treasury, highlighting the state-run firm’s growing financial strength and its expanding contribution to government revenues.
The recognition was presented during the 2026 GOCCs’ Day celebration at Malacañang, where President Marcos honored government-owned and controlled corporations that demonstrated strong financial performance and fulfilled their dividend obligations.
CIAC President and Chief Executive Officer Jojit Alcazar received the award on behalf of the corporation, which increased its dividend remittance by 88 percent from P310.99 million in 2024. The latest payout represents 60 percent of CIAC’s adjusted net income of about P976 million in fiscal year 2025, exceeding the 50 percent minimum required under the Dividend Law.
The larger remittance reflects stronger earnings, improved operational efficiency, and tighter fiscal management, underscoring how better-performing GOCCs are becoming increasingly important sources of non-tax revenues for the government.
“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.
He added that the higher payout also complied with the Department of Finance’s call for GOCCs to increase dividend remittances to bolster government resources.
CIAC expects its dividend contributions to continue rising as it rolls out seven flagship projects under the Clark Aviation Capital, an aviation-centered development program designed to attract long-term investments, expand logistics and commerce, generate jobs, and strengthen Clark’s position as a premier aviation and economic hub.
