PLDT Inc. (PSE:TEL)

PLDT Inc. Income Statement

Financials in millions PHP. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	216,833	210,953	204,362	192,186	181,004
Revenue Growth (YoY)	2.79%	3.23%	6.34%	6.18%	6.98%
Cost of Revenue	58,578	55,785	49,607	42,031	36,930
Gross Profit	158,255	155,168	154,755	150,155	144,074
Selling, General & Admin	45,967	49,669	50,525	52,848	51,075
Operating Expenses	100,325	112,453	103,218	104,926	99,746
Operating Income	57,930	42,715	51,537	45,229	44,328
Interest Expense	-15,421	-13,665	-11,544	-10,297	-10,007
Interest & Investment Income	916	1,016	653	655	1,210
Earnings From Equity Investments	-990	-2,806	-3,304	-1,101	-2,328
Currency Exchange Gain (Loss)	-36	1,149	-4,687	-3,899	1,488
Other Non Operating Income (Expenses)	6,208	1,844	11,023	4,524	2,713
EBT Excluding Unusual Items	48,607	30,253	43,678	35,111	37,404
Merger & Restructuring Charges	-1,688	-2,021	-5,028	-269	-2,625
Gain (Loss) on Sale of Investments	-	-	660	1,247	394
Gain (Loss) on Sale of Assets	1,527	8,245	26,000	884	3,369
Asset Writedown	-5,753	-	-51,573	-4,089	-5,521
Other Unusual Items	-	-	295	1,372	-
Pretax Income	42,693	36,477	14,032	34,256	33,021
Income Tax Expense	10,138	9,612	2,697	7,459	8,441
Earnings From Continuing Operations	32,555	26,865	11,335	26,797	24,580
Earnings From Discontinued Operations	-	-41	-600	-121	-
Net Income to Company	32,555	26,824	10,735	26,676	24,580
Minority Interest in Earnings	-248	-210	-250	-309	-296
Net Income	32,307	26,614	10,485	26,367	24,284
Preferred Dividends & Other Adjustments	59	59	59	59	59
Net Income to Common	32,248	26,555	10,426	26,308	24,225
Net Income Growth	21.39%	153.83%	-60.23%	8.58%	7.83%
Shares Outstanding (Basic)	216	216	216	216	216
Shares Outstanding (Diluted)	216	216	216	216	216
EPS (Basic)	149.26	122.91	48.26	121.76	112.12
EPS (Diluted)	149.26	122.91	48.25	121.76	112.12
EPS Growth	21.44%	154.72%	-60.37%	8.60%	7.85%
Free Cash Flow	13,474	7,330	-19,351	-12,007	6,976
Free Cash Flow Per Share	62.36	33.93	-89.56	-55.57	32.29
Dividend Per Share	97.000	95.000	92.000	84.000	78.000
Dividend Growth	2.10%	3.26%	9.52%	7.69%	4.00%
Gross Margin	72.98%	73.56%	75.73%	78.13%	79.60%
Operating Margin	26.72%	20.25%	25.22%	23.53%	24.49%
Profit Margin	14.87%	12.59%	5.10%	13.69%	13.38%
Free Cash Flow Margin	6.21%	3.48%	-9.47%	-6.25%	3.85%
EBITDA	85,662	89,783	93,444	90,852	88,783
EBITDA Margin	39.51%	42.56%	45.73%	47.27%	49.05%
D&A For EBITDA	27,732	47,068	41,907	45,623	44,455
EBIT	57,930	42,715	51,537	45,229	44,328
EBIT Margin	26.72%	20.25%	25.22%	23.53%	24.49%
Effective Tax Rate	23.75%	26.35%	19.22%	21.77%	25.56%
Revenue as Reported	216,833	210,953	204,362	192,186	181,004

Updated Mar 3, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.