Full Year 2025 PLDT Inc Earnings Call Transcript
Key Points
- PLDT Inc (PHI) reported a 2% increase in gross service revenues, reaching PHP212.2 billion.
- EBITDA, excluding MRP costs, rose 3% to PHP111.2 billion with a steady margin of 52%.
- Fiber revenues grew 6% to PHP59.4 billion, accounting for 98% of Home revenues.
- Enterprise revenues reached a record PHP48.4 billion, driven by a 25% growth in ICT services.
- Maya, PLDT's digital financial platform, achieved full-year profitability with a net income of PHP1.7 billion.
- Telco core income decreased by 3% due to higher financing costs and depreciation.
- Reported income was down 7% year-on-year, mainly due to lower ForEx and derivative gains.
- Home revenues were flat quarter-on-quarter due to natural calamities affecting installation activities.
- Interest expenses grew faster than the rise in total debt, driven by higher interest rates and loan balances.
- Legacy services continue to drag growth, with revenues from these services decreasing significantly.
Good afternoon, everyone, and thank you for joining us today. I'm Jinggay Nograles, Head of Investor Relations here at PLDT, and it's my pleasure to welcome you to our full-year financial and operating results briefing.
Joining us today to share insights into PLDT's performance and strategic direction, we have PLDT's CFO, Mr. Danny Yu; PLDT's Chief Operating Officer, Mr. Butch Jimenez; our Chief Legal Counsel, Atty. Joan De Venecia-Fabul; our Corporate Secretary, Atty. Marilyn Victorio-Aquino.
We also have our business unit heads, our Head of Consumer Business Home, Mr. John Palanca; our Head of Enterprise, Mr. Blums Pineda; and our OICs for Smart Communications, Ms. Marjorie Garrovillo and Mr. Lloyd Manaloto. We also have online with us ePLDT and VITRO President, Viboy Genuino.
(Event Instructions) Right, to start, I'd like to invite our Chief Financial Officer, Mr. Danny Yu, to walk us through PLDT's financial performance.
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