PLDT, Inc. · PSE:TEL
PLDT — Q2 2025 Earnings Presentation
37 slides from PLDT's earnings presentation, Aug 12, 2025
Slide 1: 1Q2025 Analysts Briefing
Presentations Page (IR website) 1Q2025 Analysts Briefing
Slide 2: Financial Highlights
Financial Highlights Solid EBITDA and strategic investments underpin resilient core results 1Q25 1Q24 Change % Change Gross Service Revenues Service Revenues 49.0bn 48.7bn +0.3bn 1% [net of interconnection costs] ₱53.4bn 2% Cash Opex, Subsidies, Provisions +1.2bn 21.1bn 21.4bn -0.3bn -1% (ex-MRP) EB
Slide 3: Consolidated Service Revenues
Consolidated Service Revenues Steady Growth in Fiber and ICT Offsetting drag from Legacy Segments 49.0bn 1% Individual Home Enterprise 1Q25 Service Revenues (1) +0.3bn Total -1% Total Total 4% ₱21.3bn -0.3bn ₱15.2bn +0.6bn ₱11.9bn 0.0bn 24% Individual 44% Home Revenue Mix Enterprise International (3
Slide 4: Accelerating Home Fiber Growth
Accelerating Home Fiber Growth Enhanced network investments delivering diverse offerings tailored for every home Total Home Total Fiber Fiber revenues grew 7% YoY +₱0.9B to +0.6bn of total +0.9bn ₱14.7B driven by subscriber growth ₱15.2bn 1Q25 4% VS 1Q24 ₱14.7bn 1Q25 97% Home 7% VS 1Q24 • 1Q25 subsc
Slide 5: Leading the Market with Enterprise Solutions
Leading the Market with Enterprise Solutions Resilient revenue performance driven by strong ICT growth Total Enterprise Total Corp Data & ICT (1) Total segment revenues flat YoY of total +0.1bn • Growth was tempered by the impact ₱11.9bn 1Q25 VS 1Q24 ₱8.8bn 1Q25 74% Enterprise 1% VS 1Q24 of lost POG
Slide 6: Mobile Data Momentum Driven by 5G Adoption
Mobile Data Momentum Driven by 5G Adoption Rapid 5G uptake laying the foundation for future growth Total Individual Total Mobile Data Mobile Data revenues stable YoY -1% -0.3bn 88% of total -0.1bn • Revenues broadly flat, impacted by ₱21.3bn 1Q25 VS 1Q24 ₱18.8bn 1Q25 Individual VS 1Q24 strong frontl
Slide 7: Operating Expenses
Operating Expenses Disciplined cost management 1Q25 1Q24 Change % Change Repairs and Maintenance 8.0bn 7.5bn +0.5bn +7% Compensation and Benefits [ex MRP] 5.5bn 6.1bn -0.6bn -9% Professional and Other Service Fees 1.7bn 1.9bn -0.2bn -10% Selling and Promotions 1.1bn 1.3bn -0.2bn -12% Provisions 0.9b
Slide 8: Consolidated EBITDA
Consolidated EBITDA (1) Consistent Margins Reflect Cost Discipline and Resilient Revenue Base EBITDA Growth Rise in Revenues Decline in Costs ₱27.9bn 52% 2% +0.6bn ₱0.3bn EBITDA 1Q25 Margin VS 1Q24 YoY ₱0.3bn (Php in bn) EBITDA Margins 30 VS 1Q24 VS 4Q24 +2% 1Q23 52% +0.1bn 28 +0.6bn 2Q23 53% 3Q23 5
Slide 9: Telco Core & Reported Income
Telco Core & Reported Income Stable Core Performance Complemented by Maya Profitability 1Q25 1Q24 1Q25 vs 1Q24 Telco Core Growth Key Insights Telco Core Income 8.8bn 9.3bn -0.5bn -6% 01 Maya turns profitable Share in Maya Innovations -0.5bn Holdings (MIH)/Bank Hold Co +0.1bn -0.4bn +0.5bn [1] Net in
Slide 10: Consolidated Capex
Consolidated Capex Continued CapEx Discipline (Php in bn) 1Q2025 capex stood at P10.8bn Total Capex 85.1 ▪ Bulk of completions expected in the (2015-2024) 78.2 15.7 second half of the year Investments 10.8 Guidance for 2025: ₱68-70bn ▪ Cont’d Momentum on network roll out Others • New cell sites + LT
Slide 11: Debt Profile
Debt Profile Proactive Debt Management 149.4 Debt Balance (1) 256.9 283.6 273 285 270.7 Debt Maturities 239.7 [gross] (4) ₱270.7bn 19.7 15.9 27.6 21.3 26.4 24.7 Net Debt 17.2 10.6 14.3 2.48x 2023 2024 Mar-25 ₱ 285.0bn 2025 2026 2027 2028 2029 2030 2031 to Net Debt-to-EBITDA(2) Gross Debt 2050 Debt B
Slide 12: From the artist's perspective
rom the artist's perspective
Slide 13: VITRO Sta. Rosa: PH's Pioneering A.I.-Ready Hyperscale DC
VITRO Sta. Rosa: PH’s Pioneering A.I.-Ready Hyperscale DC At the core of the Philippines’ digital transformation; an investment in the future of every Filipino 50MW 36MW 5 Hec. 4,500 1.40 Total Facility Total Campus Total racks PUE Capacity IT Capacity Space Pioneer Hyperscale Facility in PH ◼ Tier-
Slide 14: Enabling Country Digital Infra through Asia Direct Cable Launch
Enabling Country Digital Infra through Asia Direct Cable Launch ASIA DIRECT CABLE GO-LIVE in Q1 • Strengthens country position as an Interconnection Hub between North and Southeast Asia • New low latency intra-asia subsea cable – fastest SG- JP • Fastest and shortest access to the 27 Tbps Capacity n
Slide 15: A Comprehensive Ecosystem with Strong Network Effects
A Comprehensive Ecosystem with Strong Network Effects Digital Payments Consumers Businesses Payment. Banking. Lending All-in-one Financial Services
Slide 16: 1Q25 Highlights
1Q25 Highlights Maya: #1 Fintech Ecosystem #1 #1 Digital Bank(1) Merchant Acquirer 6.8mm 1.8mm Largest Market Share in Bank Customers (+88% YoY)(2) Borrowers (+99% YoY)(2) Card Acquiring & QRPH(3) Php44B Php120B Positive Net Income Loans Disbursed LTD in 1Q25 Deposit Balance (+49% YoY) as of Mar-25
Slide 17: #1 Digital Bank Dominating Loans and Deposits
#1 Digital Bank Dominating Loans and Deposits Best Digital Bank FinanceAsia Awards, Retail Banking Awards, World Digital Bank Awards, CNBC Best Banks – Asia Pacific Strong growth in Deposits with an …driven by strong growth in organic loan Maya’s NPL have consistently been lower Increasing loan to d
Slide 18: Accelerating Customer Acquisition and Deepening Engagement
Accelerating Customer Acquisition and Deepening Engagement PAL Mini-App within Maya Insurance marketplace in Maya’s app Payment processing and working cap loans for Pepsi’s 200k distributors and sari sari stores April 30 Beta Launch Enhancing Customer 3x c. 200k Experience Through Larger viewership
Slide 19: Sustainability Highlights
Sustainability Highlights Environmental Social Governance and Collaboration Integration of Biodiversity Protection and Creating safer online experience for customers, New opportunities to champion sustainability Conservation in operations especially for children in business and to collaborate with l
Slide 20: Thank you!
Thank you!
Slide 21: Appendix
Appendix
Slide 22: 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 1.1 1.2 1.
Slide 23: Fixed & Wireless Network Highlights
Fixed & Wireless Network Highlights Wireless: Expansive Network Latched Devices 80% LTE/4G LTE/4G BTS 5G BTS Mobile Coverage in thousands in thousands Population coverage 5G (NCR) 98% 79.9K 5G (Vismin - all Total BTS Count cities) 67% 44.4 4.84 43.5 Population coverage 4.80 98% 39.3 4.70 5G Coverage
Slide 24: VITRO (Data Center) business: Key Highlights
VITRO (Data Center) business: Key Highlights Current and future pipeline Sustainable Operations 11 sites 4 facilities 2N • Transition to Electric Vehicles. Ongoing Most resilient power study on the additional benefits by HR. Strategically spread TIA-942* Rated 3 certified architecture among across t
Slide 25: Subscriber base
Subscriber base Total Subscribers 1Q25: 66,239K Net Adds 1Q2025 4Q2024 3Q2024 2Q2024 1Q2024 1Q24: 66,415K 1Q2025 vs 4Q2024 Mobile Subscriber Base -0.3% YoY Prepaid 56,300,981 56,731,489 58,061,522 58,574,596 56,785,718 (430,508) -1% Smart Prepaid 21,324,961 21,759,728 22,416,116 22,550,066 21,856,04
Slide 26: ARPU, net
ARPU, net Mobile ARPU, net 2024 2025 1Q 2Q 3Q 4Q 1Q Postpaid 703 688 690 684 670 Smart Prepaid 125 119 115 122 121 TNT 106 100 98 105 103 Fiber ARPU, net 2024 2025 1Q 2Q 3Q 4Q 1Q Home: Fiber 1,503 1,508 1,497 1,499 1,493 1Q2025 Analysts Briefing 36
Slide 27: Financial Highlights
Financial Highlights 1Q25 YoY % 1Q24 (Php in millions) Wireless Fixed Line Others Consolidated Change Service Revenues (1) 24,391 33,336 - 53,421 52,195 2% (2) Cash Operating Expenses 9,911 15,265 5 23,244 22,711 2% Subsidies and Cost of Services 597 997 - 1,510 1,224 23% Provisions 188 679 - 867 95
Slide 28: Consolidated Service Revenues
Consolidated Service Revenues Fixed and Wireless breakdown 2025 2024 % Change 1Q2025 vs 1Q 1Q 2Q 3Q 4Q (PHP in Millions) 1Q2024 Fixed Line 29,207 27,627 27,160 27,914 28,692 6% Home Broadband 13,281 12,690 12,774 12,988 13,289 5% Corporate Data and ICT 7,877 7,870 7,763 7,807 8,047 0% Fixed Line Voi
Slide 29: Consolidated Service Revenues
Consolidated Service Revenues Breakdown as per service type 2025 2024 % Change 1Q2025 vs 1Q 1Q 2Q 3Q 4Q (PHP in Millions) 1Q2024 Data and Broadband 41,431 40,893 40,322 40,339 41,954 1% Home Broadband 13,281 12,690 12,774 12,988 13,289 5% Fixed Wireless Broadband 446 379 360 374 368 18% Corporate Da
Slide 30: Wireless Service Revenues
Wireless Service Revenues 2025 2024 % Change 1Q2025 vs 1Q 1Q 2Q 3Q 4Q (PHP in Millions) 1Q2024 Data / Broadband 20,315 20,377 19,827 19,587 20,661 0% Mobile Data 19,869 19,998 19,467 19,213 20,293 -1% Mobile Internet 18,923 18,899 18,443 18,219 19,500 0% Mobile Broadband 475 683 615 545 412 -30% Oth
Slide 31: Fixed Line Service Revenues
Fixed Line Service Revenues 2025 2024 % Change 1Q2025 vs 1Q 1Q 2Q 3Q 4Q (PHP in Millions) 1Q2024 Data / Broadband 24,968 24,300 25,096 23,719 23,154 3% Home Broadband 13,285 12,695 12,779 12,992 13,293 5% Corp. Data and Other Network Services 9,511 9,792 10,512 8,893 7,479 -3% ICT 2,172 1,813 1,805
Slide 32: Expenses
Expenses 1Q2025 1Q2024 YoY (PHP in Millions) Consolidated Consolidated % Change Operating Expenses Repairs and Maintenance 8,006 7,481 7% Compensation and Employee Benefits 5,571 6,078 -8% Professional and Other Contracted Services 1,685 1,876 -10% Others 7,982 7,276 10% Cash Operating Expenses 23,2
Slide 33: Other income (expenses)
Other income (expenses) 1Q2025 1Q2024 YoY (PHP in Millions) Consolidated Consolidated % Change Equity Share in Net Earnings (Losses) of Associates and Joint Ventrues Maya 143 (375) -138% Vega (22) (19) 16% Radius (29) - Others (9) (1) 800% Total Equity Share in Net Earnings 83 (395) -121% Financing
Slide 34: Earnings per share (EPS)
Earnings per share (EPS) 1Q2025 1Q2024 (PHP in Millions except EPS (in PHP) and Shares (in mn)) Basic Diluted Basic Diluted Net Income Attributable to Equity Holders of PLDT 9,025 9,025 9,824 9,824 Dividends on Preferred Shares (15) (15) (15) (15) Net Income for the Period Attributable to Common Equ
Slide 35: Balance Sheet
Balance Sheet Consolidated (PHP in Millions) March 31, 2025 December 31, 2024 Total Assets 626,668 623,275 Nominal Value of Debt 284,972 283,575 Less: Unamortized Debt Discount 1,906 1,989 Total Debt 283,066 281,586 Cash and Short-Term Investments(1) 14,254 10,542 Net Debt(2) 270,718 273,033 Equity
Slide 36: Debt Profile
Debt Profile March 31, 2025 December 31, 2024 Unamortized Debt Change Carrying Value Face Value Face Value (PHP in Millions) Discount/Debt Issuance Debt PLDT ₱ 169,939 ₱ 1,139 ₱ 171,078 ₱ 171,688 ₱(610.00) Smart 103,788 703 104,491 104,244 247 ePLDT 9,339 64 9,403 7,643 1,760 Total Debt 283,066 1,90
Slide 37: 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