News Story

The Puerto Rico Sales Tax Financing Corporation (COFINA) announced today the publication of its audited financial statements for Fiscal Year 2025, together with a significant revenue milestone: as of October 21, 2025, COFINA has collected 100 percent of its projected statutory revenues for Fiscal Year 2026, totaling $552.9 million.

The audit, conducted by KPMG, resulted in an unmodified (clean) opinion with no findings or material adjustments, reaffirming COFINA’s strong internal controls and adherence to U.S. Generally Accepted Accounting Principles (GAAP). COFINA remains the first public corporation in Puerto Rico to complete its FY 2025 audited financial statements, continuing its record of timely and transparent reporting.

This is an important reflection of COFINA’s institutional strength and operational discipline. Reaching the FY 2026 revenue target in just over three months and maintaining a clean audit opinion demonstrate the Corporation’s continued fiscal soundness and commitment to investors and the people of Puerto Rico.

The revenue collections show that the Corporation’s pledged portion of the 5.5% Sales and Use Tax (SUT) continues to perform consistently above expectations.

COFINA’s audited financial statements and accompanying auditor’s letter are available for public access at www.cofina.pr.gov and will be posted on the Municipal Securities Rulemaking Board’s EMMA website.