GMA Network, Inc. has declared a total cash dividends of P2.4 billion, equivalent to P0.50 per share.
The network said the total dividend declaration exceeds the company’s net income after tax for 2024, but remains well within its retained surplus account.
The dividend will be payable on May 20, 2025, to shareholders of record as of April 29, 2025.
The company reported a net income of P2.07 billion in 2024, down by 35 percent from P3.17 billion in 2023.
GMA’s total revenues during the period fell 6 percent to P17.56 billion.
“This move underscores the confidence of GMA Network’s board and management in the company’s strong financial fundamentals and its positive outlook for 2025,” the network said.
“The declaration is consistent with the network’s commitment to delivering long-term value to its shareholders while sustaining operational and fiscal resilience,” it said.
Since its listing on the Philippine Stock Exchange in 2007, GMA Network has maintained a strong track record of high dividend payouts, averaging approximately 90 percent of its net income after tax annually.
GMA Network, celebrating its 75th anniversary this year, continues to lead the Philippine broadcast industry, operating 115 television stations and 21 radio stations nationwide.
Based on Nielsen TV Audience Measurement data for Full Year 2024, GMA Network, including GTV and other digital channels, tallied a combined people net reach of 93 percent, equivalent to 67 million TV viewers in Total Philippines.
The network further solidified its position as a digital powerhouse in 2024, tallying 45.5 billion video views across Facebook, TikTok, and YouTube according to Tubular Labs data.
