Shares of online gaming firm DigiPlus Interactive Corp. jumped 14.58 percent Monday after the company announced a P6 billion share buyback program.
DigiPlus stock closed at P33.80 per share, up from P29.50 last Friday. The company’s board approved the buyback to boost shareholder value after shares dropped to P29.50 Friday from a 52-week high of P65.30.
“The share repurchase program demonstrates our firm confidence in DigiPlus’ long-term growth and solid fundamentals,” chairman Eusebio Tanco said. “By strategically deploying our capital through this buyback, we are sending a clear signal that DigiPlus is committed to delivering sustainable returns for shareholders while remaining well-positioned to pursue expansion and innovation.”
The buyback program will run for 12 months and can be renewed with further board approval. It will be funded entirely from DigiPlus’ internal cash flow. The company said it “remains well-capitalized, balancing disciplined capital management with its investments in growth, technology and new markets.”
Jeri Alfonso, a gaming sector analyst at Unicapital Inc., said the buyback will give investors a much-needed confidence boost.
“I believe the timing couldn’t be better, especially now that the stock is in the oversold territory and looking for a technical bounce,” Alfonso said.Other potential near-term catalysts for DigiPlus, according to Alfonso, include the non-passage of proposed legislation and strong second-quarter results, which would reinforce the company’s growth story.
The company previously attributed the sharp decline in its share price to market speculation following the June 30, 2025, filing of two proposed bills: the Online Gambling Regulatory Bill and the Online Gambling Prohibition Bill, introduced in both the Senate and House of Representatives. DigiPlus noted the proposed bills are “still in the early stages of the legislative process and have not been enacted into law.”
Last week, the Bangko Sentral ng Pilipinas (BSP) also announced it would release a new circular designed to protect users of digital platforms from risks associated with online gambling.
DigiPlus operates online gaming platforms BingoPlus, ArenaPlus and PeryaGame.
