PLDT Inc. said Tuesday its net income fell 11 percent in the first nine months of 2025, mostly because of higher operating expenses.
The company said net income amounted to P25.07 billion in the January-to-September period, down from P28.07 billion in the same period last year.
Telco core income, which excludes the impact of asset sales and gains from Maya Innovations Holdings, declined by 5 percent to P25.3 billion from P26.6 billion last year.
Overall, core income remained steady at P25.8 billion, as PLDT’s P603 million equity share in Maya’s core income offset the lower telco core.
“In a year of market pressures and economic slowdown, we’ve managed to stand firm. The challenge now is to stand taller — to deliver growth that reflects not only effort, but excellence,” said Manuel Pangilinan, PLDT and Smart chairman and chief executive.
“PLDT remains guided by discipline and long-term value creation — principles that have seen us through every cycle. As we continue working to maintain our level of profitability in 2025, our task moving forward would be to convert steadiness into progress — to act with greater speed, imagination, and accountability,” he added.
PLDT’s gross service revenues grew by 3 percent to P158.9 billion, while consolidated service revenues (net of interconnect costs) was up by 1 percent to P145.9 billion in the first nine months of 2025.
Its wireless consumer segment (previously referred to as individual wireless) generated P63.2 billion in revenues for the first nine months of 2025, maintaining resilience amid a competitive and value-driven market environment.
PLDT Home’s fiber-only business grew 7 percent year-over-year to P44.5 billion, while PLDT Enterprise posted total revenue of P35.6 billion.
Meanwhile, the Maya Group remained profitable, posting a P532 million net income in the third quarter of 2025, driven by topline growth, high-engagement savings activity, and disciplined cost management.
Maya’s bank customer base grew to 9 million, while its borrower base rose to 2.4 million — reflecting sustained success in bringing more Filipinos into formal banking.
As of end-September 2025, Maya’s deposit balances rose to P57 billion, up 59 percent year-over-year, reflecting strong customer engagement and trust in its digital banking platform.
Total loan disbursements reached P187 billion since the launch of Maya Bank, underscoring continued ecosystem expansion across both consumers and enterprises.
