PLDT Inc. has until February 13, 2027, to submit its delayed 2024 and 2025 annual financial reports to avoid possible suspension and delisting proceedings on the New York Stock Exchange (NYSE), following the withdrawal of its external auditor’s opinions on the two sets of financial statements.
The telecommunications company disclosed that it received a November 4 notice from the NYSE declaring it noncompliant with Section 802.01E of the exchange’s Listed Company Manual, which requires listed companies to submit annual reports on time.
The filing delinquency arose after SyCip Gorres Velayo & Co. (SGV) withdrew its audit opinions on PLDT’s 2024 and 2025 financial statements prepared under International Financial Reporting Standards (IFRS).
Under NYSE rules, the initial six-month compliance period began on August 13, 2026, when the withdrawal of the audit opinions was disclosed, and ends on February 13, 2027. PLDT must file its delayed annual reports on Form 20-F within this period.
The NYSE may allow an additional six months, potentially extending the compliance period to August 13, 2027, depending on the company’s circumstances. Failure to comply within the applicable period could trigger suspension and delisting procedures. The exchange also retains the discretion to initiate delisting proceedings earlier if circumstances warrant.
PLDT said it intends to submit the delayed filings as soon as practicable.
The company stressed that the NYSE notice does not affect its business operations or its listing on the Philippine Stock Exchange. Its American depositary shares will also continue trading on the New York bourse in the meantime.
PLDT listed on the NYSE in October 1994.
