Philippines · Delayed Price · Currency is PHP PLDT Inc. Earnings Call Transcripts
Fiscal Year 2026
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Gross service revenues rose 2% to PHP 108.7B, with stable EBITDA margin at 52% and CapEx intensity reduced to 19%. Enterprise and ICT segments led growth, while Home showed signs of recovery. Vitro REIT listing is targeted for Q4, with proceeds to support deleveraging and future investments.
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Gross service revenues rose 3% year-on-year, with EBITDA up 2% and core income up 2%, driven by Enterprise and Maya's growth. Home and Wireless segments faced temporary softness due to operational migration and inflation, but fundamentals remain strong. Asset monetization and cost control support positive outlook.
Fiscal Year 2025
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Gross service revenues rose 2% to PHP 212.2B in 2025, with EBITDA up 3% and margins steady at 52%. Maya achieved its first full year of profitability, while CapEx and OPEX declined, supporting positive free cash flow and a strong dividend yield.
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Service revenues rose 1% year-on-year to PHP 145.9B, with EBITDA up 3% and margins steady at 52%. Fiber and ICT segments drove growth, while Maya fintech posted strong profitability. CapEx was reduced, and positive free cash flow was achieved ahead of target.
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Service revenues and EBITDA grew modestly in H1 2025, driven by fiber, ICT, and Maya’s first profitable semester. CapEx guidance was lowered due to better vendor terms, while regulatory and competitive risks persist. Maya’s digital banking and new innovations support future growth.
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Revenue and EBITDA grew 2% year-on-year, led by fiber and ICT, while Maya turned profitable and Vitro Santa Rosa data center launched. Mobile softness persists, but 5G adoption and data traffic are rising. CapEx and leverage are managed, with asset monetization underway.
Fiscal Year 2024
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Service revenue and EBITDA grew steadily in 2024, driven by fiber, mobile data, and enterprise ICT, while Maya Bank achieved profitability and strong customer growth. CapEx intensity declined, asset monetization advanced, and the company maintained industry-leading churn and RPU amid price competition.
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Net service revenues and EBITDA grew 2% and 3% year-over-year, respectively, with strong fiber and enterprise performance. Maya Bank deposits surged 52%, and the company targets further CapEx reduction and positive free cash flow by 2025.
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Service revenues and EBITDA both grew 3% year-over-year in H1 2024, with strong fiber and mobile data performance offsetting legacy declines. CapEx intensity dropped, and Maya Bank turned cash flow positive, while data center monetization and further growth in H2 are expected.