PLDT Inc. remains optimistic about its 2026 second-half profit outlook despite a dip in first-half earnings, the firm said Thursday.
Net income for January–June stood at P16.4 billion, down from P17.4 billion a year earlier. “Growth remains measured, but we are optimistic that the second half of the year will be better, as we build on our momentum and focus on executing with discipline,” said PLDT and Smart chairman and CEO Manuel V. Pangilinan.
Gross service revenues rose 2npercent to P108.7 billion; net service revenues grew one percent to P97.8 billion. Data and broadband led growth at P84 billion, or 86 percent of net service revenues. Telco core income hit P16.6 billion; higher depreciation and softer telco results were partly offset by Maya’s steady profitability. Capital expenditures fell to P20.7 billion from P27.4 billion.
PLDT Enterprise revenue rose 5 percent to P24.8 billion, with enterprise wireless up 15 percent, ePLDT and VITRO REIT combined grew 21 percent. PLDT Home posted P30 billion revenue with 3.9 million fiber subscribers; fiber revenue was steady at P29.4 billion. Consumer wireless revenue was flat at P42.1 billion, with data revenue up 2 percent to P38.7 billion.
Maya stayed profitable in the second quarter. As of June, deposits rose 71 percent to P86 billion and loans climbed 56 percent to P39 billion. PLDT will continue investing in fiber, wireless, enterprise, data center and digital services. Its fiber network spanned 1.3 million cable kilometers as of end-June.
