PLDT Inc., the country’s largest integrated telecommunications group, reported a 1 percent rise in core profit to P17.6 billion in the first half of 2025, buoyed by a turnaround at digital banking affiliate Maya.
This marked Maya’s first-ever semestral profit, contributing P406 million to PLDT’s core income—a sharp swing from a P700 million loss in the same period last year.
Despite the gain in core profit, PLDT’s reported net income dipped slightly to P18.1 billion from P18.4 billion, reflecting non-core charges and adjustments.
Consolidated service revenues edged up to P97.1 billion, led by a 4 percent rise in Home Broadband revenue to P30.4 billion, as fixed broadband net additions surged to 169,000—more than triple the 51,000 added a year earlier.
Earnings before income tax, depreciation, and amortization (EBITDA) rose 3 percent to P55.5 billion, while total cash expenses, subsidies, and provisions fell 3 percent to P41.6 billion, largely due to lower promotional spending and reduced compensation costs.
Capital expenditures reached P27.4 billion in the first half, or about 43 percent of the company’s revised full-year capex guidance of P63 billion—down from its original estimate of P68 billion to P73 billion. The company attributed the reduction to better pricing and terms negotiated with vendors, even as network expansion continued.
PLDT declared a first-half dividend of P48 per share, slightly down from P50 last year, aligning with its ongoing cost discipline.
