What does PLDT do and what are its main business segments?

What is the revenue and EPS growth rate for PLDT year over year?

What guidance did PLDT's management provide for the next earnings period?

What were the key takeaways from PLDT's earnings call?

Did PLDT beat or miss consensus estimates last quarter?

What is PLDT's gross profit margin?

What is the market's earnings forecast for PLDT next quarter?

What were the key takeaways from PLDT’s earnings call?

- **Digital Growth Drivers**: Fiber (+7%), fixed wireless (+18%), and ICT (+27%) offset legacy declines. Maya's core net income up PHP 1.5 billion YoY.
- **Wireless Resilience**: ARPU up 2.5% vs. competitor decline, despite trailing in absolute revenue.
- **Enterprise Recovery**: Q3 growth of 5% QoQ, with ICT services up 51% YoY. Government projects ramping up post-election delays.
- **Financial Discipline**: 2% YoY OpEx decline, positive free cash flow, and revised 2025 CapEx guidance of PHP 60 billion.
- **Risks & Uncertainties**: KPA implementation challenges, spectrum underutilization rules, and Maya's near-term net income pressure.

**【Management Opening Remarks】**
- PLDT's 9-month financial and operating results were highlighted, emphasizing stable top-line growth, resilient EBITDA, and improving contributions from digital businesses. The company also noted its progress in sustainability and ESG initiatives.

**【CFO Financial Commentary】**
- **Service Revenues**: PHP 145.9 billion (1% YoY growth), driven by fiber, data, and ICT. Excluding legacy services, growth was 3% YoY.
- **EBITDA**: PHP 82.8 billion (3% YoY increase), margin steady at 52%.
- **Core Income**: Telco core income PHP 25.3 billion (-5% YoY) due to higher depreciation and financing costs. Maya contributed PHP 603 million (vs. loss last year).
- **CapEx**: PHP 43 billion (down from PHP 52.3 billion YoY), intensity improved to 27%. Full-year guidance revised to PHP 60 billion.
- **Debt**: Net debt PHP 289 billion (2.61x net debt/EBITDA), with 13% USD-denominated and 5% unhedged.
- **Free Cash Flow**: Positive as of Q3, ahead of 2026 target.

**【Q&A Highlights】**
- **Wireless Performance**: Smart Wireless revenue growth outpaced Globe in Q3 (3% YoY vs. flat). ARPU up 2.5% vs. Globe's -5.5%. Fixed wireless revenue up 18% YoY.
- **Enterprise Growth**: Q3 revenue up 5% QoQ, driven by government projects. ICT services grew 51% YoY. Corporate data/ICT now 75% of enterprise revenue.
- **KPA & IRR Concerns**: Doubts about Konektadong Pinoy's ability to deliver cheaper, wider coverage without infrastructure obligations. Uncertainty over wholesale pricing and spectrum management.
- **Debt & Monetization**: Debt increase due to refinancing. Data center stake sale in talks (49% stake), REIT listing under consideration.
- **Maya Lending**: Strong growth (PHP 36 billion disbursed in Q3), but net income drop due to new product provisions and regulatory changes.
- **AI & Digital Services**: Launch of Pilipinas AI platform (GPU-powered AI models) and SmartSafe (secure mobile transactions) to drive future revenue.


PLDT Inc. (PHI) Q3 2025 Earnings Call Transcript

- **Revenue Resilience**: Stable service revenues with EBITDA margin held steady at 52%, driven by disciplined cost management and fiber growth.
- **Maya Breakthrough**: Digital bank posts first profitable semester with PHP 406 million core earnings, deposits up 54% YoY to PHP 50.4 billion.
- **5G Momentum**: 5G ARPU of PHP 300 vs. LTE ARPU of PHP 101, with 5G traffic surging 84% YoY and 17% of base on 5G devices.
- **Regulatory Risk**: Konektadong Pinoy Bill poised to become law, with company preparing legal challenge over unconstitutional provisions.
- **Dividend Policy**: Interim dividend of PHP 0.48 per share declared, maintaining 60% payout ratio of Telco Core income.

**【CFO Financial Commentary】**
- **Revenue and Profitability**: Service revenues reached PHP 97.1 billion (flat YoY), with EBITDA of PHP 55.5 billion (+3% YoY) and EBITDA margin stable at 52%. Core income was PHP 17.6 billion (+1% YoY), driven by Maya's first profitable semester with PHP 406 million in core earnings.
- **Cost Management**: Cash OpEx declined 3% YoY to PHP 41.6 billion, supported by 8% lower compensation costs and 21% reduction in subsidies. Repairs & maintenance rose 4% due to network expansion.
- **CapEx and Debt**: Full-year CapEx guidance revised to PHP 63 billion (down from PHP 68-73 billion), with net debt at PHP 282.6 billion and net debt/EBITDA ratio of 2.57x. Free cash flow expected to turn positive by 2026.
- **Dividends**: Interim dividend of PHP 0.48 per share declared, aligning with 60% payout policy of Telco Core income.

**【CEO/COO Innovations and Growth】**
- **KiQ Mobile Service**: Launched app-based, Gen Z-focused mobile service allowing users to customize plans, with another innovation set to launch in August.
- **5G Expansion**: 5G ARPU of PHP 300 vs. LTE ARPU of PHP 101, with 5G traffic up 84% YoY and 17% of base on 5G devices. Iloilo selected as first provincial 5G city.
- **Fiber Growth**: Home segment revenues +4% YoY to PHP 30.4 billion, with 169,000 net fiber adds (3x YoY growth). ARPU held steady at PHP 1,485, highest in industry.
- **Maya Fintech**: Deposits +54% YoY to PHP 50.4 billion, loan disbursals of PHP 32 billion in Q2 (+147% YoY). Credit card issuance reached 230,000, targeting first-time users.

**【Q&A Highlights】**
- **Mobile Revenue Softness**: Q2 dip attributed to normal fluctuation, with Q3 outlook positive due to new product launches. 5G ARPU lift expected to offset legacy declines.
- **Regulatory Risk**: Konektadong Pinoy Bill set to lapse into law by August 24 if not vetoed. Company plans legal challenge over unconstitutional provisions favoring data transmission providers.
- **Asset Monetization**: Copper asset sales in advanced stages, with legacy 3G equipment monetization program underway. Data center sale discussions ongoing.
- **Enterprise Growth**: ICT segment +15% YoY, with data center colocation up 36% and cybersecurity services +24%. Public sector deal delays expected to resolve in H2.
- **Maya Performance**: NIM at 20.2% with LDR of 49%, targeting further LDR expansion. No plans for capital raise or IPO, with focus on organic growth.


PLDT Inc. (PHI) Q2 2025 Earnings Call Transcript

- **Revenue Resilience**: Q1 2025 revenue up 2% YoY to PHP 53.4 billion, EBITDA growth 2% to PHP 27.9 billion. 
- **Maya Breakthrough**: Fintech unit turns profitable, contributing PHP 127 million net income. 
- **Fiber Dominance**: Home segment revenue up 4% YoY, 97% from fiber, churn under 2%. 
- **5G Momentum**: Mobile 5G traffic surges 81% YoY, device adoption +60% QoQ. 
- **Debt Management**: Net debt/EBITDA ratio improves to 2.48x, targeting 2.0x by mid-term.

**【CFO Financial Commentary】**
- Q1 2025 revenue: PHP 53.4 billion (2% YoY growth), EBITDA: PHP 27.9 billion (2% YoY), Core income: PHP 8.8 billion (stable YoY). Maya turned profitable, contributing PHP 127 million net income. CapEx: PHP 10.8 billion (20% of revenue), targeting PHP 68-70 billion for 2025. Net debt: PHP 270.7 billion (2.48x debt/EBITDA ratio). 

**【Home Segment】**
- Revenue: PHP 15.2 billion (4% YoY), 97% from fiber (up from 92% in 2024). Added 101,000 net subscribers, ARPU: PHP 1,493 (stable), churn: <2%. 

**【Enterprise Segment】**
- Total revenue: PHP 11.9 billion (stable YoY). ICT revenue: PHP 2.2 billion (16% YoY), 24% of enterprise revenue. POGO-related drag expected until Q3. VITRO Santa Rosa: 4MW anchor tenant, targeting hyperscalers. 

**【Mobile Segment】**
- Revenue: PHP 21.3 billion (-1% YoY). 5G traffic up 81% YoY, device adoption +60% QoQ. Focusing on postpaid growth (higher ARPU, lower churn). 

**【VITRO Data Center】**
- 50MW capacity, Tier-3 certified. AI-ready with GPU-as-a-Service. Asia Direct Cable: 27Tbps capacity, enhancing international connectivity. 

**【Maya Fintech】**
- 6.8M bank users (+88% YoY), 1.8M borrowers (+100% YoY). Deposits: PHP 44 billion (+49% YoY), loans disbursed: PHP 28 billion (Q1). NPL ratio: 3.8%. Partnerships with PAL, Singlife, Pepsi-Cola. 

**【Q&A Highlights】**
- **POGO Impact**: Drag to continue until Q3, but enterprise revenue offsetting via ICT growth. 
- **VITRO Take-up**: 4MW anchor tenant, discussions with hyperscalers. 
- **Maya Profitability**: Steady margin improvement, no hockey stick growth. 
- **Mobile Trends**: 5G adoption driving traffic (+60% QoQ), focusing on postpaid growth. 
- **CapEx/OpEx**: OpEx down PHP 300 million, nearing optimal levels. No guidance for 2025 net income due to Q1 softness.

PLDT Inc. (PHI) Q1 2025 Earnings Call Transcript

- **Revenue Resilience**: 2% YoY growth driven by Mobile Data (+5%), Fiber (+6%), and Enterprise ICT (+5%). Non-legacy services now 88% of total.
- **Profitability Strength**: EBITDA up 4% to PHP 108.5B, with 52% margin. Maya Bank turned profitable in Q4 2024.
- **5G & AI Leadership**: 5G devices +67% YoY, ARPU lift via migration. AI optimizes networks and customer engagement.
- **Data Center Expansion**: First AI-ready hyperscale DC in Philippines, supporting GPU-as-a-Service for AI workloads.
- **Risk Mitigation**: Legacy asset monetization (copper, 3G sites) to reduce debt and fund growth.


**【CFO Financial Highlights】**
- **Revenue Growth**: Service revenue rose 2% YoY to PHP 194.7B, driven by Mobile Data (+5%), Home Fiber (+6%), and Enterprise ICT (+5%). Non-legacy services now account for 88% of total revenue.
- **Profitability**: EBITDA expanded 4% to PHP 108.5B, with margin maintained at 52%. Telco Core income grew 2% to PHP 35.1B. Maya Bank turned profitable in Q4 2024, contributing to fintech growth.
- **Cost Efficiency**: OpEx declined PHP 1B YoY, and CapEx intensity dropped to 38% (PHP 78.2B in 2024). Free cash flow is targeted for 2025, with net debt/EBITDA at 2.52x.

**【Wireless Business (5G & AI)】**
- **5G Adoption**: 5G devices grew 67% YoY, with ARPU lift achieved through 5G migration strategies (e.g., BGC trial saw 20% ARPU increase). 5G rollout focuses on 'home-work-play' seamless coverage.
- **AI Integration**: AI-driven marketing and network optimization (e.g., self-optimizing networks) enhance customer engagement and cost efficiency.

**【Home Segment】**
- **Fiber Leadership**: Home revenue reached PHP 60.7B, with Fiber-only revenue up 6% to PHP 56B. Churn rate remains industry-low at 1.7%, supported by premium ARPU (PHP 1,488) and bundled plans (40% of new activations).
- **Innovation**: Launch of 'Always On' service combines fiber and mobile networks, ensuring reliability. AI is used for collections and cross-selling, improving operational efficiency.

**【Enterprise & Data Centers】**
- **5G Solutions**: Mobile private networks and 5G slicing support industrial use cases (mining, ports, public safety). Open Gateway API certification enables secure authentication for digital services.
- **AI-Ready Data Centers**: VITRO Santa Rosa, the first AI-ready hyperscale DC in the Philippines, supports GPU-as-a-Service for AI compute demands. 11 carrier-neutral data centers emphasize sustainability (40% renewable energy by 2030).

**【Q&A Key Takeaways】**
- **Legacy Migration**: Copper-to-fiber migration to sunset by mid-2025, reducing legacy drag. Monetization of legacy assets (copper, 3G sites) is underway.
- **Maya Bank**: Potential buyout of KKR stake in Maya, financed by asset sales (copper, non-core assets). Maya's loan book grew 100% YoY, with NPL ratio at 3.5%.
- **Market Dynamics**: Mobile prepaid churn in Q4 2024 due to seasonal cleanup. Broadband net adds slowed in Q4 but gross adds remained strong, driven by 5G and bundled offers.


PHI

PHI fundamentals

Earnings Call

You can ask Aime