Belle Corporation Posts Higher 2024 Revenues and Recurring Net Income

​During Belle Corporation’s (Belle) Board of Directors meeting held on February 21, 2025, the Company approved the declaration of a regular cash dividend of Six Centavos (P0.06) per share for a total dividend payment to its common shareholders of approximately P582.0 Million payable on March 21, 2025 to shareholders of record as of March 7, 2025.

​Belle delivered positive results last year, with consolidated revenues increasing by 5% to P5,891 million from P5,601 million in 2023 and consolidated recurring net income in 2024 rising by 7% to P2,442 million from P2,281 million in 2023. Meanwhile, its consolidated net income in 2024 was steady at P2,426 million, a slight increase versus P2,423 million in 2023.

According to Armin Raquel Santos, Belle President and Chief Executive Officer: “In 2024, the Belle Group remained profitable due to the resilience of our businesses, strategic focus and healthy balance sheet. Relying on our tried and tested business models, we worked with our management teams, employees and business partners to provide the finer things in life to our loyal patrons and customers.”

Belle Corporation (Belle or the Company) is a developer of world-class resort destinations, gaming and leisure properties in the Philippines such as City of Dreams Manila and Tagaytay Highlands. Belle's integrated resort in PAGCOR's Entertainment City is being leased on a long[1]term basis to Melco Resorts and Entertainment (Philippines) Corporation (Melco), which holds an operating agreement with Premium Leisure Corp.'s (PLC) wholly owned subsidiary PremiumLeisure and Amusement, Inc. Aside from lease income, the Company earns gross gaming revenues from City of Dreams Manila through its 99.55% ownership in PLC and owns approximately 1.5 hectares of presently undeveloped land from across the site.
 
Belle also owns significant real estate assets in the Tagaytay Highlands, Midlands and Greenlands complexes where it develops premium residential resort projects south of Metro Manila and holds majority proprietary shares in its exclusive club and golf facilities. This year, Belle's Tagaytay Highlands is celebrating 30 years of redefining mountain resort living.