DigiPlus Interactive Corp. has extended its share buyback program for another year, allocating a budget of P5.36 billion for the repurchase of its own shares, according to a disclosure to the Philippine Stock Exchange.Philstar Biz reported that the board approved the renewal of the buyback program, which will run until July 2027.
The buyback initiative is part of the company's capital management strategy, aimed at enhancing shareholder value and optimizing its capital structure. DigiPlus previously implemented a similar program, and the extension signals confidence in its financial position and future prospects.
The P5.36 billion budget represents a significant commitment from the gaming and entertainment firm, which has been actively managing its capital to support growth and deliver returns to investors. The extended buyback program reflects management's view that the company's shares are undervalued relative to its intrinsic worth.