PLDT, Inc. · PSE:TEL
PLDT — 1H 2026 Earnings Presentation
53 slides from PLDT's earnings presentation, Aug 13, 2026
Slide 1: Strong Results
SreoR ONG: ESULTS. B yy bi
Slide 2: Financial Highlights
Financial Highlights Enterprise gains and disciplined cost management helped cushion a challenging consumer environment Php in billion 1H26 1H25 (1) Change % Change Gross Service Revenues Service Revenues 97.8bn 97.0bn +0.7bn +1% [net of interconnection costs] ₱108.7bn 2% Cash Opex, Subsidies, Provi
Slide 3: Consolidated Service Revenues
Consolidated Service Revenues (6) Sustained demand in Data and ICT services supported revenue base uptick, offsetting temporary weakness in Home 97.8bn 1% Wireless Consumer (2) Home Enterprise 1H26 Service Revenues (1) +0.7bn Total Total -1% Total 5% Wireless ₱42.1bn -0.1bn ₱30.0bn -0.4bn ₱24.8bn +1
Slide 4: Wireless stabilizes as 2Q trends improve
Wireless stabilizes as 2Q trends improve (4) Revenue trends improve, supported by sustained Data and FWA growth and resilient ARPU Total Wireless Consumer Total Data Revenues (1) of total Steady recovery through 2Q -0.1bn Wireless +0.6bn ₱42.1bn 1H26 VS 1H25 ₱38.7bn 1H26 92% Consumer 2% VS 1H25 • Mo
Slide 5: Sharper pricing and personalization strengthen monetization
Sharper pricing and personalization strengthen monetization Value-led offer redesign and more relevant engagement support higher spend while preserving customer value Migration toward higher-value Hyperpersonalized offers drive Smart dominates OpenSignal Mobile price points higher conversion Experie
Slide 6: Home fundamentals improve as recovery builds
Home fundamentals improve as recovery builds Improving installations, conversion, and subscriber additions support a gradual return to growth Total Home Total Fiber Core fundamentals remain resilient -1% -0.4bn of total -1% -0.2bn 98% • Continued industry leading ARPU & churn ₱30.0bn 1H26 VS 1H25 ₱2
Slide 7: Leading indicators point to a Home recovery
Leading indicators point to a Home recovery Installations, conversion and postpaid net adds improve ahead of revenue Installation momentum improving Postpaid churn remains resilient Monthly postpaid installations increased 2.0% steadily through 2Q, rebuilding the subscriber base for stronger 1.8% gr
Slide 8: Enterprise growth continues, led by ICT and Digital Infra
Enterprise growth continues, led by ICT and Digital Infra Strong client relationships and rising demand for digital solutions support continued growth Total Enterprise Total Corp Data & ICT (1) Higher growth services more than +1.3bn of total +0.9bn offset legacy drag ₱24.8bn 1H26 5% VS 1H25 ₱18.4bn
Slide 9: High-growth engines driving Enterprise momentum
High-growth engines driving Enterprise momentum “One Enterprise” Model strengthens cross-selling opportunities, leveraging long-term client relationships with enterprises 30%(1) 15% 37%(2) 13%(3) Connecting the Scaling enterprise Advancing enterprise and Enabling enterprise, Philippines to global wi
Slide 10: VITRO: Leader with capacity ready to scale
VITRO: Leader with capacity ready to scale (1)(2) Scale, capacity readiness and emerging sovereign demand position VITRO for the next phase of growth (2) (2)(3) (2) 62.4MW (2) 13% 33% ~34MW YoY data center Market share by live Activated IT-ready Total IT-ready capacity revenue growth colocation IT c
Slide 11: Operating Expenses
Operating Expenses Effective cost management 1H26 1H25 (2) Change % Change Repairs and Maintenance 16.1bn 15.6bn +0.5bn +3% Compensation and Benefits [ex MRP] 10.4bn 10.9bn -0.5bn -5% Professional and Other Service Fees 3.5bn 3.5bn -- -1% Selling and Promotions 2.1bn 2.3bn -0.2bn -9% Provisions 1.9b
Slide 12: Consolidated EBITDA
Consolidated EBITDA (1)(2) Steady revenues and cost management support resilient margins EBITDA Growth Rise in Revenues Change in Costs ₱56.1bn 52% 1% +0.8bn ₱0.7bn EBITDA 1H26 Margin VS 1H25 YoY ₱0.1bn (Php in bn) EBITDA Margins Key Highlights • Five-semester trend 1H24 52% shows a steadily expandi
Slide 13: Telco Core & Reported Income
Telco Core & Reported Income Maya contribution and asset sales partially offset softer telco core earnings 1H26 1H25 (2) 1H26 vs 1H25 Key Insights Telco Core Growth Telco Core Income 16.6bn 17.0bn -0.4bn Maya sustains -2% 01 profitability -0.4bn Maya’s contribution to PLDT’s Core Income +0.6bn +0.4b
Slide 14: Consolidated Capex
Consolidated Capex Capex intensity continues its declining trend (Php in bn) PLDT sustained positive free cash flow Total Capex 85.1 achieved in 9M25 through end-2025 (2016-2025) 78.2 27.4 Investments Capex intensity continued to trend lower 60.3 20.7 ▪ Reduced Capex due to favorable negotiated pric
Slide 15: Debt Profile
Debt Profile Proactive Debt Management 153.5 Debt Balance (1) 296.9 284.7 297.3 282.3 299.7 287.3 Debt Maturities [gross] (4) 28.0 26.7 35.1 ₱287.3bn 9.5 21.8 25.1 Net Debt 12.2 15.0 12.4 2.6x 2025 Mar-26 June-26 ₱ 299.7bn 2026 2027 2028 2029 2030 2031 2032 to Net Debt-to-EBITDA(2) Gross Debt 2050 D
Slide 16: Dividend Discipline
Dividend Discipline Sustaining shareholder returns while maintaining focus on deleveraging Interim Cash Dividend Declaration Date: Record Date: Payment Date: August 13, 2026 August 28, 2026 September 11, 2026 ₱46 Per share Telco Core EPS Key Insights Dividend Per Share 01 Deleveraging remains a ₱77
Slide 17: 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 18: 2Q 2026 Highlights
2Q 2026 Highlights Maya: The Leading Digital Bank and Merchant Acquirer in the Philippines Php86B Php39B 53% Deposit Balance as of Jun-26 Loan Balance as of Jun-26 POS Market Share* (as of Dec-25) Note: Data as of 2Q26, based on unaudited/ preliminary financials * Based on BSP EPFS Monthly Report as
Slide 19: Sustained Momentum in Deposit and Loan Growth
Sustained Momentum in Deposit and Loan Growth Deposit Balance (Php B) Loans Outstanding1 (Php B) Net Interest Margin (%) 86 +71% 68 YoY 43% 44% 45% 18.3% 17.3% 39 13.8% 39 29 +56% YoY 17 Dec-24 Dec-25 Jun-26 2024 2025 1H26 Dec-24 Dec-25 Jun-26 Gross NPL LDR % Ratio % 3.5% 6.1% 4.8% Notes: 1) Loans o
Slide 20: Expanding Maya's Ecosystem Through Continued Product Innovation
Expanding Maya’s Ecosystem Through Continued Product Innovation Maya Business App Maya Mini Payments All-in-one dashboard for payment, Apple Pay Acceptance Turn any Maya Credit Card purchase banking, loan, and cash flow solutions with Integrated with Maya Business into monthly payments – no merchant
Slide 21: Sustainability Highlights
Sustainability Highlights Reinforcing the corporate narrative through sustainability reporting Business Continuity and Gender Equality Just Transition Materiality and Impact Human Rights and Network Resilience Report Report Report Assessment Report Environmental (link) (link) (link) (link) Due Dilig
Slide 22: Sustainability Highlights
Sustainability Highlights PLDT advances thought leadership in business-integrated sustainability Participating in dialogues Participating in dialogues Participating in Participating in Elevating PLDT to the with Finance and with discussions with conversations global stage Accounting Industry Human C
Slide 23: Thank you!
Thank you!
Slide 24: Appendix
Appendix
Slide 25: 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 1.3 1.
Slide 26: Fixed & Wireless Network Highlights
Fixed & Wireless Network Highlights Wireless: Expansive Network Individual Devices Count 12.5mn 5G LTE/4G BTS 5G BTS Total Individual Mobile Data in thousands in thousands Traffic 1H25 1H26 Data Traffic (PB) 2,926 3,273 66.7K 2Q25 2Q26 Total BTS Count 5.7 Data Traffic (PB) 1,481 1,690 47.3 5.4 46.0
Slide 27: VITRO-branded (Data Center) business: Key Highlights
VITRO-branded (Data Center) business: Key Highlights (1)(2) Current and future pipeline over years of Nationwide Sustainable Operations 25 operations 2N electrical redundancy • Transition target: Reducing average footprint operational PUE by approximately 2% year-on- Only data center operator with y
Slide 28: Subscriber base
Subscriber base Total Subscribers 1H26: 68,090K 2Q2026 1Q2026 4Q2025 3Q2025 2Q2025 1Q2025 Net Adds YE-25: 67,833K 1H2026 vs YE2025 Mobile Subscriber Base Prepaid 57,684,768 58,478,188 57,534,812 56,937,086 56,781,384 56,300,981 149,956 - Flat Smart Prepaid (1) 21,737,420 22,005,736 21,713,502 21,420
Slide 29: Quarterly ARPU, net
Quarterly ARPU, net Mobile ARPU, net 2025 2026 1Q 2Q 3Q 4Q 1Q 2Q Postpaid 683 677 671 700 693 687 Smart Prepaid 121 118 120 125 118 119 TNT 102 103 100 103 99 98 Fiber ARPU, net 2025 2026 1Q 2Q 3Q 4Q 1Q 2Q Home: Fiber 1,493 1,470 1,446 1,405 1,347 1,324 1H2026 Analysts’ Briefing 29
Slide 30: Financial Highlights
Financial Highlights 1H26 YoY % 1H25 (Php in millions) Wireless Fixed Line Others Consolidated Change Service Revenues (1) 49,155 65,760 - 108,732 106,235 2% (2) General Operating Costs 18,435 21,068 2 36,626 37,828 -3% Interconnection Costs 768 10,734 - 10,958 9,187 19% Subsidies and Cost of Contra
Slide 31: Consolidated Service Revenues
Consolidated Service Revenues Fixed and Wireless breakdown 2026 2025 % Change 1H2026 vs 1Q 2Q 1H 1Q 2Q 1H 3Q 4Q FY (PHP in Millions) 1H2025 Fixed Line 30,483 29,431 59,914 29,207 29,063 58,270 28,717 28,330 115,317 3% Home Broadband 13,203 13,241 26,444 13,281 13,239 26,520 13,394 13,444 53,358 - Co
Slide 32: Consolidated Service Revenues
Consolidated Service Revenues Breakdown as per service type 2026 2025 % Change 1H2026 vs 1Q 2Q 1H 1Q 2Q 1H 3Q 4Q FY (PHP in Millions) 1H2025 Data and Broadband 42,098 42,142 84,240 41,303 40,913 82,216 41,402 42,905 166,523 2% Home Broadband 13,203 13,241 26,444 13,281 13,239 26,520 13,394 13,444 53
Slide 33: Wireless Service Revenues
Wireless Service Revenues 2026 2025 % Change 1H2026 vs 1Q 2Q 1H 1Q 2Q 1H 3Q 4Q FY (PHP in Millions) 1H2025 Data / Broadband 20,840 20,955 41,795 20,187 20,115 40,302 20,041 21,075 81,418 4% Mobile Data 20,347 20,418 40,765 19,741 19,656 39,397 19,550 20,575 79,522 3% Mobile Internet 19,347 19,653 39
Slide 34: Fixed Line Service Revenues
Fixed Line Service Revenues 2026 2025 % Change 1H2026 vs 1Q 2Q 1H 1Q 2Q 1H 3Q 4Q FY (PHP in Millions) 1H2025 Data / Broadband 24,435 23,394 47,829 24,968 24,923 49,891 25,469 23,708 99,068 -4% Home Broadband 13,207 13,246 26,453 13,285 13,243 26,528 13,399 13,448 53,375 - Corp. Data and Other Networ
Slide 35: Expenses
Expenses 1H2026 1H2025 YoY (PHP in Millions) Consolidated Consolidated % Change Operating Expenses Repairs and Maintenance 16,136 15,616 3% Compensation and Employee Benefits 10,725 11,669 -8% Professional and Other Contracted Services 3,483 3,533 -1% Others 6,282 7,010 -10% General Operating Costs
Slide 36: Other income (expenses)
Other income (expenses) 1H2026 1H2025 YoY (PHP in Millions) Consolidated Consolidated % Change Equity Share in Net Earnings (Losses) of Associates and Joint Ventrues Maya 1,223 382 220% Others (308) (268) 15% Total Equity Share in Net Earnings 915 114 703% Financing Costs, Net Interest on loans and
Slide 37: Earnings per share (EPS)
Earnings per share (EPS) 1H2026 1H2025 (PHP in Millions except EPS (in PHP) and Shares (in mn)) Basic Diluted Basic Diluted Net Income Attributable to Equity Holders of PLDT 16,446 16,446 17,472 17,472 Dividends on Preferred Shares (29) (29) (29) (29) Net Income for the Period Attributable to Common
Slide 38: Balance Sheet
Balance Sheet Consolidated (PHP in Millions) June 30, 2026 December 31, 2025 Total Assets 638,278 634,979 Nominal Value of Debt 299,695 296,939 Less: Unamortized Debt Discount 1,770 1,891 Total Debt 297,925 295,048 (1) Cash and Short-Term Investments 12,356 12,246 (2) Net Debt 287,339 284,693 Equity
Slide 39: Debt Profile
Debt Profile June 30, 2026 December 31, 2025 Unamortized Debt Change Carrying Value Face Value Face Value (PHP in Millions) Discount/Debt Issuance Debt PLDT ₱ 179,163 ₱ 1,073 ₱ 180,236 ₱ 176,096 ₱ 4,140 Smart 105,769 617 106,386 107,830 ₱ (1,444) VITRO 12,693 80 12,773 12,713 ₱ 60 Multisys 300 - 300
Slide 40: 2Q2026 Sustainability Highlights
2Q2026 Sustainability Highlights
Slide 41: Reporting: 2025 Annual and Sustainability Report
Reporting: 2025 Annual and Sustainability Report PLDT 2025 Annual and Sustainability Report: “Going Beyond the Signal” ➢ Title: “Going Beyond the Signal: ▪ PLDT’s commitment to lead responsibly into the future, raising the standards for customer experience, strengthening cybersecurity as a cornersto
Slide 42: Ratings and Assessment: FTSE4Good Index and S&P Global Sustainability Yearbook
Ratings and Assessment: FTSE4Good Index and S&P Global Sustainability Yearbook Inclusion in the FTSE4Good Index PLDT recognized for inclusion in the S&P Global (8th year, since 2019) Sustainability Yearbook 2026 (23 June 2026) ➢ Improvement in PLDT’s year-on-year performance mainly driven by strengt
Slide 43: Environment and Social: Promoting circularity
Environment and Social: Promoting circularity Be Kind. Recycle. (BKR) electronic waste (e-waste) campaign ➢ Renewal of partnership between Smart and National University (NU) Philippines for e-waste management ➢ On May 6, 2026, launched BKR program with NU Clark through conducted awareness training o
Slide 44: Environment: Climate risk mitigation through biodiversity conservation
Environment: Climate risk mitigation through biodiversity conservation PLDT, Smart expand blue carbon initiative with UP MERF, connecting business with nature-based climate solutions (21 May 2026) ➢ PLDT/Smart signed an expanded partnership with UP Marine Environment and Resource Foundation (UP MERF
Slide 45: Social and Governance: Advancing Our Commitments under the UN Global Compact
Social and Governance: Advancing Our Commitments under the UN Global Compact (UNGC) Participation in the UNGC’s SDG Innovation Accelerator Program ➢ PLDT and Smart employees from various units participated in the UNGC’s SDG Innovation Accelerator Program ▪ Four-month hybrid, MBA-style program on sys
Slide 46: Social: Keeping customers safe online
Social: Keeping customers safe online Child Protection and Cybersecurity Platforms Supporting whole-of-nation approach against OSAEC (15 May 2026) in 1H2026 ➢ PLDT/Smart joined the panelists at the “National Summit on Child Online Protection and Responsible Digital Industry Engagement” ▪ Organized b
Slide 47: Social: Advancing Child Online Protection through Awareness and Youth Engagement
Social: Advancing Child Online Protection through Awareness and Youth Engagement Podcast on Smart parenting and child online protection Yap session on Tech with Children “Bata, Bata, Pano ka Protektahan?” (13 May 2026) (18 May 2026) ➢ Open to all PLDT and Smart employees, podcast objectives: ➢ In co
Slide 48: Governance: Aligning with global standards
Governance: Aligning with global standards Briefing for In-house Buyers/Category Leads on Sustainability (13 April 2026) ➢ Engagement to further align PLDT/Smart supply chain with global best practices ➢ Highlights of the session: ▪ Overview of the PLDT and Smart Sustainability Roadmap, including re
Slide 49: Governance: Participating in dialogues on advancing Sustainability
Governance: Participating in dialogues on advancing Sustainability (Finance and Accounting Industry Organizations) PLDT/Smart at the PLDT/Smart at the Finex Academy Sustainability Reporting Masterclass ACPACI and PICPA's Accountancy Week Celebration (24 June 2026) (15 July 2026) ➢ PLDT/Smart asked t
Slide 50: Governance: Participating in dialogues on advancing Sustainability
Governance: Participating in dialogues on advancing Sustainability (Human Capital Development Community and Education Sector) PLDT/Smart at the PLDT/Smart joined panel on PMAP 714th General Membership Meeting advancing Sustainable Development Goals (29 April 2026) (26 June 2026) ➢ PLDT/Smart deliver
Slide 51: Governance: Participating in dialogues on Nature and Business
Governance: Participating in dialogues on Nature and Business PLDT/Smart at “Aligning Finance with Nature: PLDT/Smart as panelist at A High-Level Roundtable Discussion with TNFD” forum “Making a Business Case for Nature-based solution” (13 April 2026) (2 July 2026) ➢ PLDT/Smart highlighted: ➢ PLDT/S
Slide 52: Governance: Elevating PLDT to the global stage
Governance: Elevating PLDT to the global stage PLDT invited to speak at the 3rd Edition Global ESG and Sustainability Conference (7 July 2026, Malaysia) ➢ PLDT presented “The Role of a Telco in Nation Building and a Just Transition to a Low Carbon Economy: Focus on the Philippines” ▪ Setting the Phi
Slide 53: 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