<\/p>\n
PLDT, INC. posted a 1.77% decline in first-quarter attributable net income to P8.87 billion from a 12 months earlier, as higher expenses outweighed modest revenue growth.<\/p>\n
Revenue rose 2.23% to P56.51 billion, the corporate said in an announcement on Thursday. Service revenue accounted for the majority of the overall at P54.91 billion, while nonservice sales contributed P1.61 billion.<\/p>\n
\u201cWe’re moving in the fitting direction,\u201d PLDT Chairman Manuel V. Pangilinan said. \u201cThe basics are sound and the momentum is there, but our team is able to more.\u201d<\/span><\/p>\n He added that the corporate expects stronger execution because it continues to construct on its performance.<\/p>\n Wireless services remained the principal revenue driver led by Smart Communications, Inc. at P21 billion, while the home-based business segment contributed P15 billion.<\/p>\n PLDT said Smart\u2019s mobile subscriber base continued to get better, supported by sustained demand for data services and growing uptake of fixed wireless access.<\/span><\/p>\n On the enterprise side, data usage trends remained strong, reflecting regular connectivity demand across consumer and business segments.<\/p>\n Total expenses rose 5.43% to P42.75 billion a 12 months earlier. General operating costs accounted for the biggest share at P18.2 billion, contributing to the general increase in spending.<\/span><\/p>\n Core income, which excludes one-off items akin to asset sales and certain investment impacts, declined 2.28% to P8.58 billion.<\/p>\n Maya Innovations Holdings contributed P285 million to PLDT\u2019s core earnings throughout the quarter.<\/p>\n PLDT also reported continued growth in data consumption. Total traffic increased 10% to 1,583 petabytes, reflecting higher engagement across mobile, broadband and enterprise services.<\/span><\/p>\n The number of knowledge users rose to 44.1 million from 43.2 million.<\/p>\n The corporate maintained its capital expenditure program, with first-quarter spending reaching P10 billion, barely lower than P10.8 billion a 12 months earlier.<\/p>\n For 2026, PLDT has set a capital expenditure budget within the mid-P50-billion range, lower than the roughly P60 billion spent in 2025, because it continues to prioritize efficiency and network optimization.<\/p>\n Individually, PLDT is moving to completely acquire Radius Telecoms, Inc. from Paragon Vertical Corp. for P2.94 billion.<\/p>\n The corporate\u2019s board has approved the acquisition of the remaining 65.1% equity interest, or 4.65 million common shares, giving PLDT full ownership of the corporate.<\/span><\/p>\n PLDT holds a 34.9% stake in Radius, which provides fiber infrastructure services to enterprise buildings, residential multi-dwelling units and gated communities.<\/span><\/p>\n Paragon Vertical is a completely owned unit of e-Meralco Ventures, Inc., which is under Manila Electric Co.<\/span><\/p>\n PLDT shares rose 1.23% or P15 to shut at P1,236 each on the Philippine Stock Exchange.<\/p>\n Hastings Holdings, Inc., a unit of the PLDT Helpful Trust Fund subsidiary MediaQuest Holdings, Inc., holds a majority stake in BusinessWorld<\/i> through the Philippine Star Group, which it controls. \u2014 Ashley Erika O. Jose<\/b><\/p>\n<\/p><\/div>\n <\/p>\n","protected":false},"excerpt":{"rendered":" BW FILE PHOTO PLDT, INC. posted a 1.77% decline in first-quarter attributable net income to P8.87 billion from a 12 months earlier, as higher expenses outweighed modest revenue growth. Revenue rose 2.23% to P56.51 billion, the corporate said in an announcement on Thursday. Service revenue accounted for the majority of the overall at P54.91 billion, […]<\/p>\n","protected":false},"author":1,"featured_media":335687,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[4106,1345,3431,7608,51790,6319,953,138,1344,2438],"class_list":["post-335686","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-billion","tag-costs","tag-growth","tag-offset","tag-p8-87","tag-pldt","tag-profit","tag-revenue","tag-rising","tag-slips"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts\/335686","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/comments?post=335686"}],"version-history":[{"count":2,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts\/335686\/revisions"}],"predecessor-version":[{"id":335689,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts\/335686\/revisions\/335689"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/media\/335687"}],"wp:attachment":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/media?parent=335686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/categories?post=335686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/tags?post=335686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}