PLDT Solid First-Half Performance Anchored by Data and Broadband
PLDT Inc., the Philippines’ telecommunications giant, reported a resilient first-half performance for 2025, with the company’s core income reaching P17.6 billion. This growth, while modest, demonstrates the company’s ability to navigate a dynamic and competitive market. The positive financial results were primarily driven by strong consolidated service revenues, which totaled P97.1 billion, with data and broadband services accounting for a significant 85% of this figure. The company’s focus on these high-growth areas is evident in its subscriber base, which saw a strong finish to the first half with 3.53 million fiber subscribers and 41.6 million active data customers. These figures underscore the success of the company’s long-term strategy to pivot from traditional legacy services toward a data-centric business model that meets the evolving needs of the digital economy.
Strategic Investments Driving Future Growth and Innovation
Reinforcing its commitment to sustained growth, PLDT reported a capital expenditure of P27.4 billion for the first six months of 2025. This substantial investment is a testament to the company’s forward-looking strategy. According to PLDT chairman and chief executive officer Manuel V. Pangilinan, the capital spending is crucial for “invest[ing] in the future—expanding our network, enhancing customer experience, and driving innovation across our businesses.” This strategic allocation of resources is aimed at solidifying the company’s market position, particularly in the face of ongoing competition and evolving consumer demands. By continuously enhancing its infrastructure, PLDT is not only improving service quality for its existing customers but also laying the groundwork for future expansion into new markets and technologies.
Financial Resilience and Long-Term Outlook
PLDT’s financial report for the first half of the year paints a picture of a resilient business with a clear vision for the future. The company’s strong cash flow, as measured by earnings before interest, taxes, depreciation, and amortization (EBITDA), improved by 3% to P55.5 billion. This solid financial health provides the necessary resources to support the company’s ambitious capital expenditure plans and drive its innovation agenda. The CEO’s statement about the “resilience of our business and the strength of our people” reflects a confident outlook on the company’s ability to deliver value to its customers, shareholders, and the country as a whole, even in a challenging environment. The focus on data, broadband, and continuous innovation positions PLDT for long-term success in the dynamic telecommunications sector.
