PLDT Inc. reported a 3% rise (₱2.9 billion) in Gross Service Revenues to ₱106.3 billion, while Consolidated Service Revenues (net of interconnect costs) held steady at ₱97.1 billion in the first six months of 2025.
Data and broadband, which grew by ₱1.3 billion to ₱82.2 billion, accounted for 85% of Consolidated Service Revenues. Excluding legacy drag, Consolidated Service Revenues were higher by 3% year-on-year.
Consolidated EBITDA grew by 3%, or ₱1.6 billion to ₱55.5 billion in the same period. EBITDA margin remained steady at 52% despite pressures from rising costs, which were tightly managed.
Telco Core Income, which excludes the impact of asset sales and gains from Maya Innovations Holdings, reached ₱17.2 billion, lower by 4% or ₱0.8 billion from the same period last year. However, overall core income edged up Year on Year at ₱17.6 billion supported by Maya’s positive contribution.
For the first half of 2025, PLDT’s equity share in Maya’s core income stood at ₱406 million, a ₱1.1 billion reversal from last year’s losses. Reported Income for the first half of 2025 was at ₱18.1 billion, softening by 1%.
“Our results for the first half of 2025 show the resilience of our business and the strength of our people. We continue to invest in the future — expanding our network, enhancing customer experience, and driving innovation across our businesses. In a challenging environment, we remain committed to delivering value to our customers, shareholders, and the country,” said Manuel V. Pangilinan, PLDT and Smart Chairman and CEO.
Consolidated Net Debt as of end-June 2025 amounted to ₱282.6 billion, while Net Debtto-EBITDA stood at 2.57x. Gross Debt was at ₱293.8 billion, with maturities well spread out. 13% of Gross Debt is denominated in U.S. dollars while 5% of total debt is unhedged.
PLDT’s credit ratings from Moody’s and S&P Global remain at investment grade.
PLDT was recognized in the inaugural 2025 Fortune Southeast Asia 500, securing the 95th spot among the region’s largest companies ranked by revenue. PLDT’s inclusion in this list highlights the company’s continued leadership and operational excellence in the telecommunications industry, reflecting its strong financial performance, strategic growth, and sustained commitment to delivering value to stakeholders.
