PLDT Inc. on Thursday said net profit fell 8 percent in the first quarter of 2025, primarily due to softer market environment.
The country’s largest telecommunications company posted a net income of P9.02 billion from P9.82 billion in the same period last year.
Telco core income, which excludes the impact of asset sales and attributable profit from Maya Innovations Holdings, reached P8.8 billion, lower by 6 percent than the same period last year.
Overall core income, however, remained steady year on year at P8.9 billion, supported by Maya’s positive contribution.
“We’re navigating a softer market environment, but our fundamentals are intact. Broadband and fiber continue to anchor the business, while digital finance is emerging as a strong new driver,” Manuel Pangilinan, PLDT and Smart chairman and chief executive said.
“We remain focused on recovery and growth across all segments,” he said.
PLDT’s gross service revenues amounted to P53.4 billion in the first quarter, a 2 percent increase compared to the same period last year.
PLDT Home increased its momentum in the first quarter, with fiber-only revenues reaching P14.7 billion, up 7 percent year-on-year.
PLDT Enterprise posted P11.9 billion in net service revenues, while corporate data and ICT revenues amounted to P8.8 billion.
PLDT’s Individual Wireless segment generated revenues of P21.3 billion in the first three months of 2025, maintaining resilience amid competitive market dynamics. Its wireless subscriber base remains strong, with Smart and TNT serving 58.61 million mobile subscribers as of end-March 2025.
The company’s full year guidance remains at P68 billion to P70 billion while capex for the first quarter of 2025 amounted to P6.3 billion, compared with P11.3 billion in the previous year.
The PLDT Group’s fiber footprint remains the most extensive in the Philippines with around 1.2 million cable kilometers. Homes passed reached 18.76 million in 73 percent of the country’s s towns and 91 percent of total provinces.
Smart’s combined 5G/4G network now covers around 97 percent of the national population.
