DITO TELECOMMUNITY Corp. expects its revenue to grow by greater than 20% this 12 months to as much as P27 billion, driven by continued subscriber growth despite softer market conditions, its top official said.
“Our most important results give us confidence that we might be in about anywhere between P24 billion and P27 billion,” DITO Telecommunity President and Chief Executive Officer Eric R. Alberto told reporters on the sidelines of an event last week.
The telecommunications company can be targeting to grow its subscriber base to greater than 20 million from the present 17 million, including users of its fixed wireless access (FWA) service.
“Our goal is to succeed in over 20 million,” Mr. Alberto said.
He acknowledged that demand has softened amid global uncertainties and inflationary pressures.
“Actually, the market has been very soft due to the Middle East crisis and the inflationary pressures it brings to consumers,” he said.
Despite this, DITO continues so as to add subscribers and expand usage of its services.
Mr. Alberto said the corporate is registering a median of 23,000 to 24,000 latest subscribers every day and can be seeing growth in its 5G user base.
As of end-March, DITO Telecommunity had deployed 7,347 telecommunications towers, allowing it to cover 86.4% of the country’s population.
The revenue goal comes as DITO CME Holdings Corp., the operator of DITO Telecommunity, posted wider losses in the primary quarter.
For the January-to-March period, DITO CME’s attributable net loss widened to P6.76 billion from P1.66 billion a 12 months earlier.
Nevertheless, gross revenue rose 23.88% to P5.81 billion from P4.69 billion in the identical period last 12 months, while total expenses increased to P8.67 billion.
The corporate also reported a complete comprehensive net lack of P35.91 billion in 2025, leading to a capital deficiency of P100 billion. As of end-March, the deficiency had widened to P117.73 billion, based on its latest financial report.
DITO CME attributed the losses to pre-operating and startup costs related to DITO Telecommunity’s ongoing network expansion.
To support its funding requirements, the corporate recently unveiled an updated marketing strategy that features several capital-raising initiatives.
On May 29, DITO CME said it plans to convert roughly P21.8 billion in shareholder advances into equity between 2026 and 2027.
The planned conversion covers advances from parent firm Udenna Corp., China Telecommunications Corp., Xterra Ventures Pte. Ltd., Summit Telco Corp. Pte. Ltd. and Summit Telco Holdings Corp.
The corporate can be evaluating a follow-on offering or stock rights offering, subject to market conditions, to assist fund DITO Telecommunity’s network expansion and operations.
Despite the difficult operating environment, DITO said it stays focused on expanding its subscriber base and growing revenue because it continues to strengthen its network footprint nationwide. — Ashley Erika O. Jose