PLDT Inc. expects “better” earnings performance in the third quarter of 2025, compared with the first two quarters, chairman Manuel Pangilinan said Wednesday.
Pangilinan attributed the anticipated growth to the continued momentum of the Philippine telecommunications giant’s Home and Enterprise business segments.
“It’s [the third quarter] better I believe than the second quarter. The previous two quarters, slightly better,” Pangilinan said in an interview.
The company’s digital unit, Maya, is also contributing to the earnings, “although it is slightly affected by the [de]linking from the gaming sites,” he said.
PLDT earlier reported a net income of P9.1 billion in the April to June period, up 5.8 percent from the same period in 2024.
Its net profit in the first half of the year softened by 2 percent to P18.1 billion from P18.5 billion a year earlier.
Gross service revenues in the first half amounted to P106.3 billion, a 3-percent increase from P103.4 billion a year ago.
Pangilinan said the company is searching for a replacement for Anastacio Martirez, who resigned as chief operating officer (COO) of Smart Communications Inc.
Martirez’s departure follows allegations concerning a toxic workplace culture under his leadership.
Pangilinan said PLDT is “most likely” looking for an outside candidate to fill the crucial role and expressed a desire for a younger leader.
“I wish it were a Gen Z or a young fellow or even Millennial because the future belongs to them,” he said.
