State-run Bases Conversion and Development Authority (BCDA) expects to generate about P10 billion in revenue for 2026, a decline of nearly 30 percent from its record P14.1 billion earnings last year, as it shifts focus toward direct economic benefits for stakeholders.
The agency said it is recalibrating its strategy to prioritize job creation and livelihood opportunities over raw financial gains.
BCDA president and chief executive Joshua Bingcang said 2025 served as a banner year following aggressive business development initiatives, but noted that the agency is now looking beyond the balance sheet.
“Last year was a banner year for us, but that is something that is good on paper. What we want is how this will translate to ordinary stakeholders present in our properties,” Bingcang said.
While the agency continues to push for increased investments within its economic zones, Bingcang citecd the importance of ensuring these projects generate tangible value for the public.
Despite the projected revenue dip, the agency head affirmed a continued commitment to supporting national government revenue efforts and funding the modernization of the Armed Forces of the Philippines.
Remittances to the military grew to P3.2 billion in 2025 from about P2 billion in 2024. When including dividends, total contributions could reach P7 billion, according to Bingcang.
The agency is also integrating emerging technologies such as artificial intelligence into its future development plans.
Bingcang said that adapting to these advancements is essential for the competitiveness of both the agency and the country, citing discussions from the recent World Economic Forum in Davos, Switzerland.
All agency revenues are remitted to the national treasury for disbursement toward government priorities.
Bingcang said the BCDA continues to reinvest in its assets to sustain long-term value for its various stakeholders.
