PLDT Inc. reported third‑quarter 2025 results that showed consolidated service revenues of PHP 145.9 billion, a 1% year‑on‑year increase, and EBITDA of PHP 82.8 billion, maintaining a 52% margin. Telco core income fell 5% to PHP 25.3 billion, largely due to higher depreciation and financing costs from ongoing network and IT investments.
The quarter’s revenue mix reflected steady demand across PLDT’s core segments. Wireless services grew modestly, while the Home segment saw a slight decline as broadband adoption slowed. Enterprise revenue, however, returned to growth, driven by a rebound in government‑related projects and increased demand for data‑center and cloud services. The combined effect of these segment dynamics produced the overall 1% revenue gain and the 3% rise in EBITDA.
Management highlighted the results in the earnings call. CFO Danny Yu noted that “service revenues net of interconnection cost reached PHP 145.9 billion, up 1% year‑on‑year, driven by steady demand across fiber, data and ICT. Cash OpEx, subsidies and provisions were down 2%, showing our focus on spending control.” Vice President & Investor Relations Marseille Nograles added that the quarter “marked a broad‑based recovery with improvements in both mobile and enterprise, reflecting steady execution and disciplined growth across the group.” CEO Manuel V. Pangilinan emphasized the company’s long‑term discipline, stating that “we remain guided by discipline and long‑term value creation, and our task moving forward is to convert steadiness into progress.”
In its outlook, PLDT lowered its full‑year 2025 CapEx guidance to PHP 60 billion from the previously revised range of PHP 68 billion to PHP 73 billion, signaling a sharper focus on operational efficiency while still supporting network expansion and digital initiatives. The company also highlighted continued investment in AI and data infrastructure, including the launch of Pilipinas AI, and noted the positive performance of its digital bank Maya, which has contributed to overall profitability.
The market reaction to the earnings was neutral to slightly positive, reflecting investor confidence in the company’s steady revenue growth and maintained EBITDA margin. Analysts noted that the modest decline in telco core income was offset by disciplined cost management and the strategic shift toward higher‑margin services.
Overall, PLDT’s Q3 results demonstrate resilience amid competitive pressures, with a stable margin profile, a return to growth in enterprise services, and a clear path toward long‑term value creation through AI and digital transformation initiatives.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.