PLDT, Inc. · PSE:TEL
PLDT — 9M 2025 Earnings Presentation
49 slides from PLDT's earnings presentation, Nov 11, 2025
Slide 1: 9M2025 Analysts Briefing
Presentations Page (IR website) 9M2025 Analysts Briefing
Slide 2: Financial Highlights
Financial Highlights 9M Core stability buoyed by EBITDA resiliency and Maya gains 9M25 9M24 Change % Change Gross Service Revenues Service Revenues 145.9bn 144.9bn +1.0bn +1% [net of interconnection costs] 3% ₱158.9bn Cash Opex, Subsidies, Provisions +3.9bn 63.1bn 64.2bn -1.1bn -2% (ex-MRP) EBITDA (
Slide 3: Consolidated Service Revenues – 9M
Consolidated Service Revenues – 9M Growth engines fueling revenue uplift, outpacing Legacy drags 145.9bn 1% Wireless Consumer (2) Home Enterprise 9M25 Service Revenues (1) +1.0bn Total Total Total 4% Wireless ₱63.2bn -0.3bn ₱45.7bn +1.6bn ₱35.6bn -0.1bn Consumer 25% Home 43% Enterprise Revenue Mix M
Slide 4: Consolidated Service Revenues – 3Q25 vs 3Q24
Consolidated Service Revenues – 3Q25 vs 3Q24 Broad-based 3Q growth across all segments, led by data and ICT momentum 48.8bn 2% Wireless Consumer (2) Home Enterprise 3Q25 Service Revenues (1) +0.8bn Total Total Total 1% 3% 2% Wireless ₱20.9bn +0.3bn ₱15.3bn +0.4bn ₱12.1bn +0.2bn Consumer 25% Home 43%
Slide 5: Sustained Home Fiber Growth
Sustained Home Fiber Growth Connecting Filipino households through tailored bundles and flexible pricing options Total Home Total Fiber Fiber-led growth driven by quality +1.6bn of total +2.8bn subscriber additions ₱45.7bn 9M25 4% VS 9M24 ₱44.5bn 9M25 97% Home 7% VS 9M24 • YTD Fiber net-adds up 67%
Slide 6: Winning back Growth: Enterprise Driving shift to ICT
Winning back Growth: Enterprise Driving shift to ICT Stronger 3Q delivery, new wins, and Pilipinas AI signal recovery and momentum Total Enterprise Total Corp Data & ICT (1) Enterprise back on growth track, with -0.1bn of total +0.5bn government projects coming through ₱35.6bn 9M25 VS 9M24 ₱26.7bn 9
Slide 7: Resilient Mobile Growth powered by 5G and CVM
Resilient Mobile Growth powered by 5G and CVM Disciplined monetization, smarter segmentation, and new 5G-led broadband solutions Total Wireless Consumer (1) Total Data Revenues (2) Sustained Mobile Resilience, of total -0.3bn Wireless +0.7bn Supported by data traffic growth ₱63.2bn 9M25 VS 9M24 ₱57.
Slide 8: Operating Expenses
Operating Expenses Continued cost optimization 9M25 9M24 Change % Change Repairs and Maintenance 23.6bn 22.7bn +0.9bn +4% Compensation and Benefits [ex MRP] 16.1bn 17.4bn -1.3bn -7% Professional and Other Service Fees 5.3bn 5.6bn -0.3bn -6% Selling and Promotions 3.5bn 4.2bn -0.8bn -18% Provisions 2
Slide 9: Consolidated EBITDA
Consolidated EBITDA (1) Stable EBITDA performance reflective of cost efficiency efforts EBITDA Growth Rise in Revenues Decline in Costs ₱82.8bn 52% 3% +2.1bn ₱1.0bn EBITDA 9M25 Margin VS 9M24 YoY ₱1.1bn (Php in bn) VS 3Q24 EBITDA Margins 30 +2% 28 FY24 52% 26 24 27.3 27.8 27.9 27.7 27.3 1Q25 52% 26.
Slide 10: Telco Core & Reported Income
Telco Core & Reported Income Core stability anchored by cost discipline and sustained Maya contribution 9M25 9M24 9M25 vs 9M24 Key Insights Telco Core Growth Telco Core Income 25.3bn 26.6bn -1.3bn Sustained Maya -5% 01 Share in Maya Innovations profitability -1.3bn Holdings (MIH)/Bank Hold Co Core +
Slide 11: Consolidated Capex
Consolidated Capex Continued CapEx Discipline (Php in bn) 9M2025 capex stood at P43.0bn Total Capex 85.1 ▪ Completions expected in Q4’25, with (2015-2024) 78.2 no material delays into next year 52.3 Investments 43.0 Guidance for 2025: ≈₱60bn (originally ₱68-73bn) Others ▪ Reduced Capex guidance due
Slide 12: Debt Profile
Debt Profile Proactive Debt Management 175.9 Debt Balance (1) 283.6 273.0 293.8 282.6 299.4 289.0 Debt Maturities [gross] (4) ₱289.0bn 6.2 16.3 27.8 21.6 26.6 25.0 Net Debt 10.6 11.2 10.4 2.61x 2024 Jun-25 Sep-25 ₱ 299.4bn 2025 2026 2027 2028 2029 2030 2031 to Net Debt-to-EBITDA(2) Gross Debt 2050 D
Slide 13: 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 14: 3Q25 Highlights
3Q25 Highlights Maya: #1 Fintech Ecosystem #1 #1 Digital Bank(1) Merchant Acquirer 9.0mm 2.4mm Largest Market Share in Bank Customers (+98% YoY)(2) Borrowers (+81% YoY)(2) Card Acquiring (3) Php57B Php187B Php532M Net Income Loans Disbursed LTD in 3Q25 Deposit Balance (+59% YoY) as of Sep-25 (4) Not
Slide 15: 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 Has Provided Credit Access to Young customers across the Country Many First-time Borrowers Total Bank Customers in Millions Total Borrowers in Millions 9.0 2.4 5.4 1.6 3.1 0.8 1.5 0.2 Dec-22 Dec-23 De
Slide 16: #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 Deposit Balance (Php B) Loan Disbursed (P
Slide 17: Continuously Expanding Fintech Ecosystem
Continuously Expanding Fintech Ecosystem Maya Black Powering Surge in Tiered Personal Goals to Reward First-Time Credit Card Users Broadening Access to Consumers Financial Behavior Easy Loan Launch Partnership with Cebuana Lhuillier 3,500+ branches nationwide 25,000 authorized agents Over 30m custom
Slide 18: Sustainability Highlights
Sustainability Highlights PLDT S&P Global Corporate PLDT received 4-Golden Arrow Award Sustainability Assessment (CSA) at the 2025 Institute of Corporate Directors’ 2025 score: 77 Golden Arrow Awards ▪ Higher than 72 in 2024 ▪ Improvement from 3-Golden Arrow award in prior years Progress in PLDT sus
Slide 19: Sustainability Highlights
Sustainability Highlights PLDT/Smart showcase homegrown PLDT/Smart featured solution at the UN Global Compact in the Philippine 2025 Voluntary National Leaders’ Summit event during Climate Review presented in NYC (July 2025) Week in NYC • PLDT/Smart one of 3 from the ▪ Philippines is one of 15 count
Slide 20: Thank you!
Thank you!
Slide 21: 3Q2025 Sustainability Highlights
3Q2025 Sustainability Highlights
Slide 22: Ratings and Recognitions
Ratings and Recognitions PLDT S&P Global CSA score hits new high PLDT keeps GCF “Leader” status: world #2 ➢ PLDT scored 77 in the 2025 S&P Global Corporate ➢ Maintained “Leader” status, ranked #2 overall*, and #1 telco Sustainability Assessment (CSA) - an improvement from in the world* in the 2025 G
Slide 23: Ratings and Recognitions
Ratings and Recognitions MSCI ESG Ratings: Upgrade to “BBB” PLDT received 4-Golden Arrow Award from “BB” at the 2025 Institute of Corporate Directors’ (ICD) Golden Arrow Awards Ceremony ➢ PLDT outperformed industry peer averages on: ▪ Data security practices ➢ Improvement from 3-Golden Arrow award i
Slide 24: Governance: Joining global conversations
Governance: Joining global conversations PLDT/Smart at UN Climate Week in New York City PLDT/Smart featured in the (September 2025) 2025 Voluntary National Review (VNR) of the Philippines ➢ On 23 Sept, PLDT/Smart showcased homegrown solution at ➢ 2025 VNR of the Philippines prepared by the Departmen
Slide 25: Governance: Aligning with the supply chain on ESG
Governance: Aligning with the supply chain on ESG Reinforcing biodiversity commitments across the value chain ESG questionnaire for suppliers (29 August 2025) ➢ Awareness and Policy Cascade Workshop with: ➢ Integration of ESG questionnaire in the qualification process to ▪ PLDT Group’s tier-1 suppli
Slide 26: Governance: Helping advance sustainability through open conversations and experience-sharing
Governance: Helping advance sustainability through open conversations and experience-sharing PLDT/Smart at the S&P Global Sustainability Thought Leadership: The Business Case for Corporate Sustainability (2 October 2025) ➢ Event is a partnership between S&P Global and the PSE ▪ Attended by represent
Slide 27: Governance: Participating in key dialogues on sustainability
Governance: Participating in key dialogues on sustainability PLDT/Smart invited to the inaugural PSRC Podcast: ESG in the Legal discourse: “Sustain-A-Buzz” Guardians of Sustainability: “Legal as ESG Architect” (8 October 2025) ➢ First episode of the Philippine Sustainability Reporting Committee (PSR
Slide 28: Governance and Environment: Showcasing sustainability and biodiversity initiatives
Governance and Environment: Showcasing sustainability and biodiversity initiatives PLDT/Smart at the DENR-BMB Biodiveristy Workshop PLDT/Smart at the SM Sustainability Expo (18-19 August 2025) (30 August 2025) ➢ Presented to representatives from the DENR - BMB ➢ PLDT/Smart shared how the Group enabl
Slide 29: Environment and Social: Pursuing energy efficiency
Environment and Social: Pursuing energy efficiency Energy Management Program Smart secured 10-yr ₱2.0 billion green loan ➢ PLDT and Smart’s Network Energy Management team ➢ Proceeds to help accelerate 5G rollout nationwide continues to implement energy-saving initiatives across operations nationwide
Slide 30: Environment and Social: Promoting operational efficiency and circularity
Environment and Social: Promoting operational efficiency and circularity Fleet rationalization program “Be Kind. Recycle“ e-waste Program to ramp up operational efficiency 3Q 2025 Impact Report ➢ Right-sizing of fleet and management of mix, age, ➢ From July 2023 to October 2025, 29.3 metric fuel usa
Slide 31: Social: Investing in the Workforce
Social: Investing in the Workforce Promoting a safer environment for employees Empowering employees through upskilling ➢ PLDT and Smart conducted a series of workshops as part ➢ PLDT and Smart offering various training of the annual awareness training for all employees, opportunities (webinars, work
Slide 32: Social: Creating a safer environment for children
Social: Creating a safer environment for children Dashboard: Malicious/harmful sites blocked Anti-OSAEC awareness training for the community, including children ➢ PLDT and Smart trained over 1,900 teachers, students (including junior high school students), parents, and local government in 9M2025 rep
Slide 33: Appendix
Appendix
Slide 34: 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 1.2 1.1 1.
Slide 35: Fixed & Wireless Network Highlights
Fixed & Wireless Network Highlights Wireless: Expansive Network Individual Devices Count 10.5mn 5G LTE/4G BTS 5G BTS Total Data Traffic in thousands in thousands 9M24 9M25 Data Traffic (PB) 4,127 4,393 77.6K 3Q24 3Q25 Total BTS Count Data Traffic (PB) 1,348 1,367 45.4 5.2 43.5 4.7 4.8 Population cov
Slide 36: VITRO (Data Center) business: Key Highlights
VITRO (Data Center) business: Key Highlights Current and future pipeline Sustainable Operations years of 25 operations 11 sites 2N • Transition to Electric Vehicles. Ongoing study on the additional benefits by HR. Trusted digital infrastructure Strategically spread Most resilient power architecture
Slide 37: Subscriber base
Subscriber base Total Subscribers 3Q25: 67,099K Net Adds 3Q2025 2Q2025 1Q2025 4Q2024 3Q2024 YE-24: 66,579K 3Q2025 vs YE2024 Mobile Subscriber Base +1% Prepaid 56,937,086 56,781,384 56,300,981 56,731,489 58,061,522 205,597 - +520K Smart Prepaid (1) 21,420,767 21,247,707 21,324,961 21,759,728 22,416,1
Slide 38: ARPU, net
ARPU, net Mobile ARPU, net 2024 2025 1Q 2Q 3Q 4Q 1Q 2Q 3Q Postpaid 703 688 690 684 670 659 655 Smart Prepaid 125 119 115 122 121 118 120 TNT 106 100 98 105 103 102 100 Fiber ARPU, net 2024 2025 1Q 2Q 3Q 4Q 1Q 2Q 3Q Home: Fiber 1,496 1,500 1,488 1,493 1,493 1,470 1,446 9M2025 Analysts Briefing 38
Slide 39: Financial Highlights
Financial Highlights 9M25 YoY % 9M24 (Php in millions) Wireless Fixed Line Others Consolidated Change Service Revenues (1) 72,441 99,894 - 158,903 154,995 3% (2) Cash Operating Expenses 29,754 32,798 6 56,869 58,564 -3% Interconnection Costs 724 13,238 - 13,003 10,102 29% Subsidies and Cost of Contr
Slide 40: Consolidated Service Revenues
Consolidated Service Revenues Fixed and Wireless breakdown 2025 2024 % Change 9M2025 vs 1Q 2Q 3Q 9M 1Q 2Q 3Q 9M 4Q FY (PHP in Millions) 9M2024 Fixed Line 29,207 29,063 28,717 86,987 27,627 27,160 27,914 82,701 28,692 111,393 5% Home Broadband 13,281 13,239 13,394 39,914 12,690 12,774 12,988 38,452 1
Slide 41: Consolidated Service Revenues
Consolidated Service Revenues Breakdown as per service type 2025 2024 % Change 9M2025 vs 1Q 2Q 3Q 9M 1Q 2Q 3Q 9M 4Q FY (PHP in Millions) 9M2024 Data and Broadband 41,431 40,858 41,420 123,709 40,893 40,322 40,339 121,554 41,954 163,508 2% Home Broadband 13,281 13,239 13,394 39,914 12,690 12,774 12,9
Slide 42: Wireless Service Revenues
Wireless Service Revenues 2025 2024 % Change 9M2025 vs 1Q 2Q 3Q 9M 1Q 2Q 3Q 9M 4Q FY (PHP in Millions) 9M2024 Data / Broadband 20,315 20,060 20,059 60,434 20,377 19,827 19,587 59,791 20,661 80,452 1% Mobile Data 19,869 19,601 19,568 59,038 19,998 19,467 19,213 58,678 20,293 78,971 1% Mobile Internet
Slide 43: Fixed Line Service Revenues
Fixed Line Service Revenues 2025 2024 % Change 9M2025 vs 1Q 2Q 3Q 9M 1Q 2Q 3Q 9M 4Q FY (PHP in Millions) 9M2024 Data / Broadband 24,968 24,923 25,469 75,360 24,300 25,096 23,719 73,115 23,154 96,269 3% Home Broadband 13,285 13,243 13,399 39,927 12,695 12,779 12,992 38,466 13,293 51,759 4% Corp. Data
Slide 44: Expenses
Expenses 9M2025 9M2024 YoY (PHP in Millions) Consolidated Consolidated % Change Operating Expenses Repairs and Maintenance 23,601 22,749 4% Compensation and Employee Benefits 17,256 18,869 -9% Professional and Other Contracted Services 5,262 5,609 -6% Others 10,750 11,337 -5% General Operating Costs
Slide 45: Other income (expenses)
Other income (expenses) 9M2025 9M2024 YoY (PHP in Millions) Consolidated Consolidated % Change Equity Share in Net Earnings (Losses) of Associates and Joint Ventrues Maya 581 (918) 163% Vega (76) (58) 31% Others (192) (143) 34% Total Equity Share in Net Earnings 313 (1,119) 128% Financing Costs, Net
Slide 46: Earnings per share (EPS)
Earnings per share (EPS) 9M2025 9M2024 (PHP in Millions except EPS (in PHP) and Shares (in mn)) Basic Diluted Basic Diluted Net Income Attributable to Equity Holders of PLDT 25,071 25,071 28,070 28,070 Dividends on Preferred Shares (44) (44) (44) (44) Net Income for the Period Attributable to Common
Slide 47: Balance Sheet
Balance Sheet Consolidated (PHP in Millions) September 30, 2025 December 31, 2024 Total Assets 629,556 623,275 Nominal Value of Debt 299,495 283,575 Less: Unamortized Debt Discount 1,959 1,989 Total Debt 297,536 281,586 (1) Cash and Short-Term Investments 10,472 10,542 (2) Net Debt 289,023 273,033 E
Slide 48: Debt Profile
Debt Profile September 30, 2025 December 31, 2024 Unamortized Debt Change Carrying Value Face Value Face Value (PHP in Millions) Discount/Debt Issuance Debt PLDT ₱ 174,907 ₱ 1,167 ₱ 176,074 ₱ 171,688 ₱ 4,386 Smart 109,901 707 110,608 104,244 ₱ 6,364 VITRO 12,628 85 12,713 7,643 ₱ 5,070 Multisys 100
Slide 49: 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