PLDT Inc Q2 2025 Earnings Call: Strong Fiber Growth, Digital Innovations, and Regulatory Uncertainties.

PLDT Inc reported a 3% increase in EBITDA to $55.5 billion, driven by strong fiber growth and digital innovations. Fiber revenues grew 7% YoY, and Maya, the fintech arm, achieved its first profitable semester. However, enterprise and individual revenues declined 1% due to headwinds and competitive pressures. The company faces regulatory uncertainties and high interest rates affecting refinancing activities.

PLDT Inc. (PSE: TEL) (NYSE: PHI) reported robust financial performance for the first half of 2025, highlighting resilience and growth across key segments. The company's Consolidated Service Revenues rose 3% year-on-year to P106.3 billion, driven by a 3% increase in Gross Service Revenues to P106.3 billion [1].

Fiber Growth and Digital Innovations

A significant driver of PLDT's performance was its strong fiber growth, with fiber-only revenues reaching P29.5 billion, up 7% year-on-year. This growth reflects a solid 7% increase in PLDT Home's revenues, driven by the expanding demand for high-speed connectivity [1].

PLDT's digital innovations also played a crucial role, with Maya, the fintech arm, achieving its first profitable semester. Maya's bank customer base grew by 101% year-on-year to 8.2 million, with deposits rising by 54% to P50.4 billion. Maya's net income for the second quarter of 2025 stood at P582 million, a 60% increase from the previous quarter and a significant turnaround from the P739 million net loss reported in the second quarter of 2024 [1].

Challenges and Regulatory Uncertainties

Despite these positive developments, PLDT faced several challenges. Enterprise and individual revenues declined 1% due to headwinds and competitive pressures. Regulatory uncertainties and high interest rates also posed refinancing challenges for the company [1].

Financial Highlights

Consolidated EBITDA grew by 3% to P55.5 billion, while Telco Core Income, excluding the impact of asset sales and gains from Maya Innovations Holdings, reached P17.2 billion, down 4% year-on-year. However, overall core income edged up year-on-year to P17.6 billion, supported by Maya's positive contribution [1].

Conclusion

PLDT Inc.'s strong H1 2025 performance showcases the company's resilience and growth potential. Despite facing competitive pressures and regulatory uncertainties, PLDT's continued investment in digital innovations and fiber expansion positions it well for future growth. Investors should closely monitor PLDT's ability to navigate these challenges and capitalize on its strategic initiatives.

References

[1] iTech Solution PLDT Core Income Hits P17.6B in H1 2025, Supported by Maya - iTech Solution. Retrieved from https://www.itechsolutionph.com/blog/pldt-core-income-hits-p176b-in-h1-2025-supported-by-maya