PLDT, Inc. · PSE:TEL
PLDT — FY2025 Earnings Presentation
52 slides from PLDT's earnings presentation, Feb 26, 2026
Slide 1: FY2025 Analysts Briefing
Presentations Page (IR website) FY2025 Analysts Briefing
Slide 2: Financial Highlights
Financial Highlights Stable expansion reflected in record service revenues and EBITDA; Maya gains supported core uptick FY25 FY24 Change % Change Gross Service Revenues Service Revenues 196.2bn 194.7bn +1.5bn +1% [net of interconnection costs] 2% ₱212.2bn Cash Opex, Subsidies, Provisions +3.8bn 84.9
Slide 3: Consolidated Service Revenues – Full Year 2025
Consolidated Service Revenues – Full Year 2025 Growing segments drive total revenue gain; Home and Enterprise achieve all-time highs 196.2bn 1% Wireless Consumer (2) Home Enterprise FY25 Service Revenues (1) +1.5bn Total Total Total 3% 1% Wireless ₱85.0bn -0.4bn ₱61.0bn +1.7bn ₱48.4bn +0.4bn Consume
Slide 4: Consolidated Service Revenues – 4Q25 vs 3Q25
Consolidated Service Revenues – 4Q25 vs 3Q25 Momentum carried into 4Q 50.3bn 3% Wireless Consumer (2) Home Enterprise 4Q25 Service Revenues (1) +1.5bn Total Total Total 4% 5% Wireless ₱21.8bn +0.9bn ₱15.3bn 0.0bn ₱12.7bn +0.6bn Consumer 26% Home 43% Enterprise Revenue Mix Mobile Data & (4) (4) (4) F
Slide 5: Home Fiber delivers quality-led growth
Home Fiber delivers quality-led growth All-time high revenues underpinned by bundling and disciplined expansion Total Home Total Fiber Sustained Home growth from quality- +1.7bn of total +3.4bn led subscriber expansion ₱61.0n FY25 3% VS FY24 ₱59.4 FY25 98% Home 6% VS FY24 • FY25 Fiber net adds up 98
Slide 6: Accelerating 5G, precision targeting
Accelerating 5G, precision targeting Core upgrades and sharper offer design to lift data yield and 5G adoption Total Wireless Consumer Total Data Revenues (1) Core modernization & of total -0.4bn Wireless +0.8bn Hyper-personalization support ARPUs ₱85.0bn FY25 VS FY24 ₱77.2bn FY25 91% Consumer 1% VS
Slide 7: Enterprise growth driven by ICT & Digital Infrastructure
Enterprise growth driven by ICT & Digital Infrastructure Highest-ever revenues mark return to growth across connectivity and integrated solutions Total Enterprise Total Corp Data & ICT (1) Enterprise sustained growth into 4Q25 +0.4bn of total +1.0bn • Record revenues driven by stronger 2H ₱48.4bn FY
Slide 8: VITRO INC: Industry Pioneer & Market Leader
VITRO INC: INDUSTRY PIONEER & MARKET LEADER CELEBRATING 25 YEARS OF ENABLING DIGITAL RESILIENCE HOME TO WIDEST DC DECADES OF TESTED INDUSTRY EXPERIENCE ENTERPRISE, CLOUD, FOOTPRINT IN PH AND AI WORKLOADS DIGITAL INFRASTRUCTURE LEADERSHIP POWERING INNOVATION & TALENT TRAILBLAZING INNOVATION FOSTERING
Slide 9: Operating Expenses
Operating Expenses Opex down for the third consecutive year, supported by ongoing efficiency efforts FY25 FY24 Change % Change Repairs and Maintenance 30.8bn 30.7bn +0.2bn +1% Compensation and Benefits [ex MRP] 21.4bn 22.8bn -1.4bn -6% Professional and Other Service Fees 7.5bn 7.9bn -0.4bn -4% Selli
Slide 10: Consolidated EBITDA
Consolidated EBITDA (1) Stable margins underpinned by cost discipline and growth in core business EBITDA Growth Rise in Revenues Decline in Costs ₱111.2bn 52% 3% +2.7bn ₱1.5bn EBITDA FY25 Margin VS FY24 YoY ₱1.2bn (Php in bn) VS 4Q24 VS 3Q25 EBITDA Margins 30 +2% +4% FY24 52% 28 FY25 52% 26 FY24: ₱1
Slide 11: Telco Core & Reported Income
Telco Core & Reported Income Core resilience supported by Maya turnaround FY25 FY24 FY25 vs FY24 Key Insights Telco Core Growth Telco Core Income 33.9bn 35.1bn -1.2bn Maya turnaround -3% Share in Maya Innovations 01 supports core -1.2bn Holdings (MIH)/Bank Hold Co Core +0.7bn -1.0bn +1.7bn [1] resil
Slide 12: Consolidated Capex
Consolidated Capex Capex normalization supports sustained positive free cash flow (Php in bn) PLDT sustained positive free cash flow Total Capex 85.1 achieved in 9M25 through end-2025 (2015-2024) 78.2 Investments Capex intensity continued to trend lower 60.3 ▪ Reduced Capex due to favorable negotiat
Slide 13: Debt Profile
Debt Profile Positive free cash flow delivered early, enabling a clearer path to deleveraging 144.8 Debt Balance (1) 256.9 283.6 273.0 296.9 284.7 Debt Maturities 239.7 [gross] (4) 27.9 26.7 34.2 ₱284.7bn 16.6 21.7 25.0 Net Debt 17.2 10.6 12.2 2.56x 2023 2024 2025 ₱ 296.9bn 2026 2027 2028 2029 2030
Slide 14: Dividend Stability
Dividend Stability Dividend payouts while managing leverage Final Dividend Declaration Date: Record Date: Payment Date: February 26, 2026 March 26, 2026 April 16, 2026 ₱46 Per share Telco Core EPS Key Insights Dividend Per Share 01 Focus remains on ₱157 94 97 94 FY24: ₱162 89 deleveraging amid 82 77
Slide 15: A Comprehensive Ecosystem with Strong Network Effects
A Comprehensive Ecosystem with Strong Network Effects More More More More Transactions Consumers Merchants Transactions Consumers Businesses Payment. Savings. Lending All-in-one Deeper More More Deeper Insights Products Products Insights
Slide 16: Highlights
Highlights Maya: The Leading Digital Bank and Merchant Acquirer in the Philippines 10.7mm 3.0mm Leading Market Share Bank Customers (+98% YoY)(2) Borrowers (+95% YoY)(2) in Card Payment Acceptance(3) Php68B Php256B Php1.7B Net Income Loans Disbursed LTD in 2025 Deposit Balance (+72% YoY) as of Dec-2
Slide 17: #1 Digital Bank Dominating Loans and Deposits
#1 Digital Bank Dominating Loans and Deposits Best Digital Bank in PH for 3 Straight Years ABF's Retail Banking Awards, Global Retail Banking Innovation Awards, Word's Best Consumer Digital Bank Awards, Forbes' World's Best Banks, Financial Times' The Banker Loan Balance (Php B) Net Interest Margin
Slide 18: Maya Bank Continues to Bring People into Formal Banking
Maya Bank Continues to Bring People into Formal Banking Maya is the Digital Bank of Choice for Maya Expands Credit Access to Young customers across the Country Millions of Filipinos Total Bank Customers in Millions Total Borrowers in Millions 10.7 3.0 5.4 1.6 3.1 0.8 1.5 0.2 Dec-22 Dec-23 Dec-24 Dec
Slide 19: Driving Innovation Through Products and Government Partnerships
Driving Innovation Through Products and Government Partnerships Maya Miles Miss Universe Philippines Working with the public sector to promote Instant rewards for Credit Card users Maya as official digital payment financial health and through 2k+ merchant locations partner and voting platform ease o
Slide 20: Sustainability Highlights
Sustainability Highlights PLDT included in the PLDT achieved ratings of “B’ in the PLDT remained at the forefront of adopting S&P Global Yearbook 2026 -- CDP assessment for Water Security global reporting frameworks on ESG 2nd straight year and Climate PLDT’s 2024 Annual and Sustainability Highest-s
Slide 21: Sustainability Highlights
Sustainability Highlights Environment and Governance Social and Innovation Approval of PLDT’s Water Policy and Creating safer online environment in FY2025 Energy Management Policy by its Board 210 Bn Blocked access to malicious domains and of Directors access to malicious domains Online Sexual Abuse
Slide 22: Thank you!
Thank you!
Slide 23: Appendix
Appendix
Slide 24: Fixed & Wireless Network Highlights
Fixed & Wireless Network Highlights Fiber: Extensive Network Reach Most extensive network in Total Homes Passed FTTH Coverage Total Fiber Footprint the Philippines, with robust Million Homes Barangays ‘000 Million Cable Kilometers Laid International Network Capacity Domestic International 1.3 1.1 1.
Slide 25: Fixed & Wireless Network Highlights
Fixed & Wireless Network Highlights Wireless: Expansive Network Individual Devices Count 11.2mn 5G LTE/4G BTS 5G BTS Total Data Traffic in thousands in thousands FY24 FY25 Data Traffic (PB) 5,550 5,914 65.2K 4Q24 4Q25 Total BTS Count Data Traffic (PB) 1,422 1,521 5.4 46.0 43.5 4.7 4.8 Population cov
Slide 26: VITRO (Data Center) business: Key Highlights
VITRO (Data Center) business: Key Highlights Current and future pipeline Sustainable Operations years of 25 operations Nationwide 2N power redundancy • Transition to Electric Vehicles. footprint Ongoing study on the additional Trusted digital infrastructure Strategically spread across the Most resil
Slide 27: Subscriber base
Subscriber base Total Subscribers YE-25: 67,832K YE-24: 66,579K 4Q2025 3Q2025 2Q2025 1Q2025 4Q2024 Net Adds YE2025 vs YE2024 Mobile Subscriber Base +2% Prepaid 57,534,812 56,937,086 56,781,384 56,300,981 56,731,489 803,323 1% +1,254K Smart Prepaid (1) 21,713,502 21,420,767 21,247,707 21,324,961 21,7
Slide 28: ARPU, net
ARPU, net Mobile ARPU, net 2024 2025 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Postpaid 703 688 690 684 670 659 655 683 Smart Prepaid 125 119 115 122 121 118 120 125 TNT 106 100 98 105 103 102 100 103 Fiber ARPU, net 2024 2025 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Home: Fiber 1,496 1,500 1,488 1,493 1,493 1,470 1,446 1,405 FY2025
Slide 29: Financial Highlights
Financial Highlights FY25 YoY % FY24 (Php in millions) Wireless Fixed Line Others Consolidated Change Service Revenues (1) 97,568 130,355 - 212,186 208,382 2% (2) General Operating Costs 36,637 43,867 7 75,789 78,068 -3% Interconnection Costs 1,041 16,233 - 16,010 13,718 17% Subsidies and Cost of Co
Slide 30: Consolidated Service Revenues
Consolidated Service Revenues Fixed and Wireless breakdown 2025 2024 % Change FY2025 vs 1Q 2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY (PHP in Millions) FY2024 Fixed Line 29,207 29,063 28,717 28,330 115,317 27,627 27,160 27,914 28,692 111,393 4% Home Broadband 13,281 13,239 13,394 13,444 53,358 12,690 12,774 12,988
Slide 31: Consolidated Service Revenues
Consolidated Service Revenues Breakdown as per service type 2025 2024 % Change FY2025 vs 1Q 2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY (PHP in Millions) FY2024 Data and Broadband 41,431 40,858 41,420 42,896 166,605 40,893 40,322 40,339 41,954 163,508 2% Home Broadband 13,281 13,239 13,394 13,444 53,358 12,690 12,77
Slide 32: Wireless Service Revenues
Wireless Service Revenues 2025 2024 % Change FY2025 vs 1Q 2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY (PHP in Millions) FY2024 Data / Broadband 20,315 20,060 20,059 21,066 81,500 20,377 19,827 19,587 20,661 80,452 1% Mobile Data 19,869 19,601 19,568 20,566 79,604 19,998 19,467 19,213 20,293 78,971 1% Mobile Internet
Slide 33: Fixed Line Service Revenues
Fixed Line Service Revenues 2025 2024 % Change FY2025 vs 1Q 2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY (PHP in Millions) FY2024 Data / Broadband 24,968 24,923 25,469 23,708 99,068 24,300 25,096 23,719 23,154 96,269 3% Home Broadband 13,285 13,243 13,399 13,448 53,375 12,695 12,779 12,992 13,293 51,759 3% Corp. Data
Slide 34: Expenses
Expenses FY2025 FY2024 YoY (PHP in Millions) Consolidated Consolidated % Change Operating Expenses Repairs and Maintenance 30,849 30,653 1% Compensation and Employee Benefits 22,767 24,479 -7% Professional and Other Contracted Services 7,521 7,878 -5% Others 14,652 15,058 -3% General Operating Costs
Slide 35: Other income (expenses)
Other income (expenses) FY2025 FY2024 YoY (PHP in Millions) Consolidated Consolidated % Change Equity Share in Net Earnings (Losses) of Associates and Joint Ventrues Maya 681 (935) -173% Vega (85) 26 -427% Others (1,024) (81) 1164% Total Equity Share in Net Earnings (428) (990) 57% Financing Costs,
Slide 36: Earnings per share (EPS)
Earnings per share (EPS) FY2025 FY2024 (PHP in Millions except EPS (in PHP) and Shares (in mn)) Basic Diluted Basic Diluted Net Income Attributable to Equity Holders of PLDT 30,011 30,011 32,307 32,307 Dividends on Preferred Shares (59) (59) (59) (59) Net Income for the Period Attributable to Common
Slide 37: Balance Sheet
Balance Sheet Consolidated (PHP in Millions) December 31, 2025 December 31, 2024 Total Assets 634,828 623,275 Nominal Value of Debt 296,939 283,575 Less: Unamortized Debt Discount 1,891 1,989 Total Debt 295,048 281,586 (1) Cash and Short-Term Investments 12,246 10,542 (2) Net Debt 284,693 273,033 Eq
Slide 38: Debt Profile
Debt Profile December 31, 2025 December 31, 2024 Unamortized Debt Change Carrying Value Face Value Face Value (PHP in Millions) Discount/Debt Issuance Debt PLDT ₱ 174,971 ₱ 1,125 ₱ 176,096 ₱ 171,688 ₱ 4,408 Smart 107,147 683 107,830 104,244 ₱ 3,586 VITRO 12,630 83 12,713 7,643 ₱ 5,070 Multisys 300 -
Slide 39: 4Q2025 Sustainability Highlights
4Q2025 Sustainability Highlights
Slide 40: Ratings and Recognitions: Achieving notable performance gains
Ratings and Recognitions: Achieving notable performance gains PLDT included in the S&P Global Sustainability Yearbook -- PLDT achieved ratings of “B” in the 2025 CDP assessment 2nd straight year for Climate and Water Security ➢ Highest scoring Philippine company in the 2025 S&P Global ➢ PLDT’s ratin
Slide 41: Summary of latest ESG ratings: Manifesting progress made
Summary of latest ESG ratings: Manifesting progress made Ratings Agency Sustainalytics S&P Global CSA MSCI ESG FTSE4Good Global Child Forum CDP (Risk Rating*) 20.4 Included in the Climate: B 77** BBB 9.9/10 Medium Index Water Security: B 2025 Included in 2026 S&P #2 overall Sustainability Highest te
Slide 42: Governance: Institutionalizing environmental stewardship
Governance: Institutionalizing environmental stewardship Energy Management Policies Water Policy ➢ Approved by the Board of Directors on 17 November 2025 ➢ Approved by the Board of Directors on 17 November 2025 ▪ Oversight: Board through the Governance, Nomination and ▪ Oversight: Board through the
Slide 43: Governance: Aligning with global frameworks to improve sustainability reporting
Governance: Aligning with global frameworks to improve sustainability reporting PLDT cited as an early adopter of TNFD PLDT joins TISFD ➢ PLDT is a member of the Taskforce on ➢ PLDT is a member of Taskforce on Inequality and Social-related Nature-related Financial Disclosures Financial Disclosures (
Slide 44: Governance: Strengthening our commitment to good governance and AI
Governance: Strengthening our commitment to good governance and AI Annual Training of Directors and Officers (18 November 2025) ➢ Organized in compliance with the Code of Corporate Governance of the Philippine SEC ➢ Attended by directors and officers of PLDT, Smart, and other Manuel V Pangilinan-led
Slide 45: Governance: Engaging in meaningful conversations
Governance: Engaging in meaningful conversations PLDT and Smart at the Climate Change Consciousness Week Solidarity Night PLDT and Smart active participation in the GCNP (25 November 2025) ➢ Presented how PLDT and Smart contribute to climate solutions and a just ➢ PLDT/Smart maintain strong engageme
Slide 46: Governance: Fostering enterprise-wide engagement
Governance: Fostering enterprise-wide engagement Introducing the PLDT Group’s Sustainability Framework to New Hires Organization-wide info campaign on plastics ➢ Shared with all employees/officers and the Board’s Governance, Nomination and Sustainability Committee (GNSC) ➢ Highlighted the impact of
Slide 47: Environment: Supporting the decarbonization roadmap
Environment: Supporting the decarbonization roadmap Energy: Audits and Awareness Training ➢ Selected PLDT and Smart employees have received certifications as ➢ Benefits of energy audits: Certified Energy Managers and Certified Energy Auditors ▪ Lower network downtime ▪ Energy savings due to optimize
Slide 48: Environment and Social: Promoting operational efficiency and circularity
Environment and Social: Promoting operational efficiency and circularity Deployment of in-house IoT-based remote monitoring device “Be Kind. Recycle“ e-waste Program for network facilities 2025 Impact Report ➢ Plug-and-play device with remote ➢ From July 2023 to December 2025, over 39.9 metric tons
Slide 49: Social: Creating a safe online environment for children
Social: Creating a safe online environment for children in FY2025 210 Bn Over 2.0 Mn Over 1.0 Mn About 0.8 Mn access to OSAEC URLs and access attempts to Mobile numbers malicious domains contents OSAEC URLs and 49 involved in Phishing, (June 2021 – Sep 2025) contents SMShing, and Vishing activities
Slide 50: Social: Advocating for online safety
Social: Advocating for online safety PLDT and Smart participated in the forum #BeCyberSmart “Empowering the Next Generation” (19 November 2025) ➢ Launched in 2018 to promote internet safety and help communities guard against digital scams ➢ At the Manila Bulletin Sustainability Forum, PLDT and Smart
Slide 51: Innovation (in-house developed): Enhancing risk identification and assessments
Innovation (in-house developed): Enhancing risk identification and assessments Enterprise Risk Intelligent Companion Agent (ERICA) AI for Disaster Preparedness ➢ Function: ➢ Key Features: ▪ Automated backend risk identification and ▪ Leverages AI for customized risk assessment across the organizatio
Slide 52: Forward-looking statements
Forward-looking statements Except for historical financial and operating data and other information in respect of historical matters, the statements contained herein are “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of