DITO Telecommunity Corp. is expecting to generate over P20 billion in revenue this yr, up from P16.35 billion in 2024, driven by its expanding digital and data business, its president said.
“We must always exceed P20 billion, that’s the minimum. Although we’re not as big yet, we should not a challenger but we’re also small and more digital,” DITO Telecommunity President and Chief Executive Officer Mr. Ernesto R. Alberto told reporters on the sidelines of an event last week.
For 2024, DITO CME Holdings Corp., which operates DITO Telecommunity, posted a complete revenue of P16.35 billion, up by 45.46% from P11.24 billion in 2023.
For the primary three months of 2025, DITO CME trimmed its attributable net loss to P1.66 billion from the P4.11 billion in the identical period last yr, mainly driven by higher revenues for the primary quarter.
The corporate saw its gross revenue for the January-to-March period climb to P4.69 billion, higher by 24.07% from P3.78 billion in the identical period last yr.
Mr. Alberto said the continued growth of information will drive the anticipated higher revenue growth for the yr.
“There’s room for everyone since the consumers are also using more data. All of you’ve got used more data than the last three years, and also you proceed to make use of more data as there are more digital tools that enable your lifestyles,” Mr. Alberto said.
Further, DITO Telecommunity can also be expecting growth in its fixed wireless access (FWA) service, which is projected to turn out to be a one-billion-peso revenue stream inside this yr.
“For our FWA group, I’d say inside the range of perhaps P1.2 billion to P1.4 billion this yr,” DITO Telecommunity Chief Revenue Officer Adel A. Tamano said.
The corporate goals to surpass a million subscribers for its FWA services inside the following 18 months.
This yr, the corporate has allocated a capital expenditure (capex) of P10 billion to P15 billion, which is about 25% lower than last yr’s budget of roughly P20 billion.
“Our [budget] might be modulated because we now have already built a network. It’ll not be as massive as the primary five years,” Mr. Alberto said.
The corporate has said that its capex budget for this yr might be significantly lower and can mainly be allocated for the optimization of its existing networks. — Ashley Erika O. Jose