Corporate

Telecom giant PLDT Inc. reported an 8 percent year-on-year decline in net income for the first quarter of 2025, as a softer market environment weighed on overall profitability. The company posted a net income of ₱9.02 billion for the January–March period, down from ₱9.82 billion in the same quarter last year.

Cebu Pacific on Thursday reported an 18.3 percent year-on-year increase in passenger traffic for April 2025, carrying 2.3 million travelers, underscoring sustained demand for air travel and bolstering the Gokongwei-led carrier’s post-pandemic recovery trajectory.

Filinvest Development Corp. (FDC) reported a 25 percent increase in net income to ₱3.6 billion in the first quarter of 2025, up from ₱2.9 billion in the same period last year, as all major business units—from banking to sugar milling—posted solid performance, the company said Wednesday.

Digital Edge (Singapore) Holdings Pte. Ltd., a Stonepeak-backed data center operator, has partnered with the Philippines’ top renewable energy provider, First Gen Corp., to power its flagship NARRA1 data center with hydroelectric energy. The agreement marks a pivotal move in advancing green digital infrastructure in Southeast Asia.

Diversified conglomerate DMCI Holdings Inc. reported a 9 percent year-on-year decline in net income for the first quarter of 2025 to ₱5.1 billion, down from ₱5.6 billion, citing the impact of stabilizing coal prices and the integration of its newly acquired cement business.