DigiPlus Eyes P2.5-3B in Spending for This Year A Strategic Investment in Growth This title effectively captures the main theme of the article, which is DigiPlus Interactive Corp.'s plan to invest a significant amount of money (P2.5-3 billion) in 2025 to sustain its growth momentum in the e-gaming sector.

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Title DigiPlus Eyes P2.5-3B in Spending for This Year A Strategic Investment in Growth

As DigiPlus Interactive Corp. continues its upward trajectory, the listed company is poised to make significant capital expenditures (capex) this year. According to Vice President for Investor Relations Celeste Jovenir, DigiPlus' capex projection for 2025 stands at P2.5 billion to P3 billion.

A Breakdown of the Capex Allocation

The planned expenditure includes initial outlays for DigiPlus' Brazil e-gaming venture, which is expected to commence operations by the fourth quarter of this year. For the first three months, P660 million pesos will be allocated towards securing a license and covering operating expenses. The remaining amount has yet to be finalized.

Sustaining Growth Momentum

The 2025 capex projection also encompasses maintenance, IT infrastructure upgrades, and facilities renovation – all part of DigiPlus' strategy to maintain its growth momentum in the e-gaming sector.

Expansion into New Markets

DigiPlus is expanding its reach beyond its domestic market, targeting Brazil's online betting market. The company's subsidiary, DigiPlus Brazil Interactive Ltda., has secured a definitive agreement with Brazil's Ministry of Finance and plans to offer sports betting and e-casino games such as slots and card games.

Localization for the Brazilian Market

To adapt to the preferences of the Brazilian market, DigiPlus will localize its platform and game offerings. The company may also introduce new games once the localization process is completed.

Financial Performance Highlights

DigiPlus has reported a remarkable 223% surge in revenues for the first nine months of 2024, reaching P51.56 billion from P15.98 billion a year earlier. Consolidated net income grew by an impressive 314%, or more than four times, to P8.75 billion from P2.11 billion.

Insights from Unicapital Group

Unicapital Group has expressed bullish sentiments on DigiPlus, citing the e-gaming sector as a sunrise industry with plenty of room for growth. The company's entry into the Brazilian e-gaming space is expected to drive growth and open new revenue streams through betting and e-casino games.

Conclusion

As DigiPlus embarks on its spending spree, it is clear that the company is committed to sustaining its growth momentum in the e-gaming sector. With a strong financial performance under its belt, DigiPlus is well-positioned to shape the future of pet owners in 2025 and beyond.

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Edward Lance Arellano Lorilla

CEO / Co-Founder

Enjoy the little things in life. For one day, you may look back and realize they were the big things. Many of life's failures are people who did not realize how close they were to success when they gave up.