PLDT Inc. on Tuesday reported a 5.8-percent increase in second-quarter net income, driven by its data and broadband businesses.
The country’s largest telecom company said it posted a net income of P9.1 billion from April to June. Despite the second-quarter increase, PLDT’s net profit in the first half went down by 2 percent to P18.1 billion from P18.5 billion a year ago.
Gross service revenues amounted to P106.3 billion in the first half of 2025, up by 3 percent from P103.4 billion a year earlier.
It said gross service revenues reached P52.8 billion in the second quarter, higher than P51.2 billion in the same period last year.
Telco core income, which excludes the impact of asset sales and gains from Maya Innovations Holdings, reached P17.2 billion, down by 4 percent from the same period last year.
Overall core income edged up year-on-year to P17.6 billion, supported by Maya’s positive contribution. For the first half of 2025, PLDT’s equity share in Maya’s core income stood at P406 million, a P1.1-billion reversal from last year’s losses.
“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 PLDT and Smart chairman and chief executive Manuel Pangilinan.
“As we look ahead, our focus is on strengthening our business so it can better serve the country’s progress. Every improvement we make — whether in efficiency, innovation, or coverage — is part of the larger work of empowering communities and supporting the Philippines’ growth in a fast-moving world,” Pangilinan said.
PLDT’s individual wireless segment generated revenues of P42.3 billion in the first six months of 2025, maintaining resilience amid competitive market dynamics.
Data revenues held steady year-on-year at P37.4 billion. Mobile data now constitutes 89 percent of the segment’s total revenues, reflecting the continuing trend towards digital lifestyles.
PLDT’s wireless subscriber base remains strong, with Smart and TNT serving over 59 million mobile subscribers as of end-June 2025.
PLDT Home continued its strong performance in the first half of 2025, maintaining leadership in the fixed broadband market. Home’s fiber-only revenues reached P29.5 billion, up 7 percent from the same period last year.
PLDT Enterprise, the corporate business group of PLDT, posted revenues of P23.5 billion in the first half of 2025, driven by strong demand for connectivity and integrated ICT solutions across corporations, public sector entities and MSMEs
The company’s capital expenditures for the first half of 2025 amounted to P27.4 billion, compared with P35.1 billion in the previous year.
Full-year capex guidance is now lower at P63 billion, compared to the original guidance of P73 billion due to more favorable pricing and successfully negotiated terms with vendors.
The PLDT group’s fiber footprint remains the most extensive in the Philippines at around 1.2 million cable kilometers. Homes passed 19.01 million in 74 percent of the country’s towns and 91 percent of total provinces.
Smart’s combined 5G/4G network covers around 97 percent of the population.
