Telco core income, which strips out gains from asset sales and Maya’s results, slipped 4 percent to P17.2 billion.
“Our results for the first half of 2025 show the resilience of our business and the strength of our people. We continue to invest in the future — expanding our network, enhancing customer experience, and driving innovation across our businesses,” said Manuel V. Pangilinan, PLDT chair and CEO.
“In a challenging environment, we remain committed to delivering value to our customers, shareholders, and the country,” he added.
Maya delivers sharp turnaround
Maya was the star performer in the first half, adding P406 million to PLDT’s core income versus a P694 million loss last year, a swing of P1.1 billion.
The digital bank’s customer base hit 8.2 million, deposits climbed to P50.4 billion, and second quarter loan disbursements reached P32 billion. Net income surged to P582 million in the second quarter alone from a P739 million loss a year earlier.
It recently launched its premium digital credit card, Maya Black, and its Maya Black Preferred rewards program in 600 merchant doors, offering up to 10x rewards and issuing over 230,000 cards since Aug. 2024, many to first-time cardholders.
Revenue mix shifts to data and broadband
Consolidated gross service revenues grew 3 percent to P106.3 billion, while net service revenues were steady at P97.1 billion.
Data and broadband revenues rose to P82.2 billion, now 85 percent of the total. Excluding legacy declines, net service revenues were up 3 percent year-on-year.
Consolidated earnings before interest, taxes, depreciation and amortization increased 3 percent to P55.5 billion, with margins steady at 52 percent despite cost pressures.
Wireless, home, and enterprise segments
Individual wireless revenues held at P42.3 billion, with mobile data steady at P37.4 billion and active data users at 41.6 million. PLDT Home revenues rose 7 percent to P30.4 billion, with fiber making up 97 percent of the total.
Enterprise revenues reached P23.5 billion, led by P17.4 billion in corporate data and ICT revenues, alongside gains in cybersecurity and AI-powered solutions.
PLDT’s fiber footprint spans 1.2 million cable kilometers, covering 74 percent of towns and 91 percent of provinces. Smart’s 5G and 4G networks reach about 97 percent of the population.
—Edited by Miguel R. Camus
