PLDT(US:PHI)2025-11-12 11:14Financial Performance - Consolidated revenues for the nine months ended September 30, 2025, were Php 163,283 million, an increase of 1% from Php 160,942 million in 2024[25]. - Net income decreased by 11% to Php 25,135 million in 2025 from Php 28,224 million in 2024[25]. - EBITDA for the nine months ended September 30, 2025, was Php 82,845 million, a 3% increase from Php 80,718 million in 2024[25]. - Core income for the period was Php 25,823 million, slightly up from Php 25,793 million in 2024[25]. - Consolidated net income for the nine months ended September 30, 2025, was Php 25,135 million, compared to Php 28,224 million in the same period in 2024[37]. - Consolidated EBITDA increased by Php 2,127 million, or 3%, to Php 82,845 million for the nine months ended September 30, 2025, compared to Php 80,718 million in the same period in 2024[48]. - Total comprehensive income for the nine months ended September 30, 2025, was 25,534 million pesos, down from 27,370 million pesos in 2024, reflecting a decline of 6.7%[182]. - Earnings per share attributable to common equity holders for the nine months ended September 30, 2025, decreased to 115.83 pesos from 129.71 pesos in 2024, a decline of 10.7%[179]. Subscriber Metrics - The number of total subscribers decreased by 1% to 67,099,341 as of September 30, 2025, compared to 67,857,250 in 2024[25]. - Mobile subscribers decreased by 2% to 59,282,637 in 2025 from 60,271,009 in 2024[25]. - Fixed line broadband subscribers increased by 7% to 4,122,521 in 2025 from 3,858,368 in 2024[25]. - The total mobile subscriber base decreased by 988,372, or 2%, to 59,282,637 as of September 30, 2025[71]. - Average monthly churn rates for Smart Prepaid subscribers increased to 2.5% in 2025 from 1.8% in 2024[72]. Revenue Breakdown - Consolidated service revenues increased to Php 158,903 million for the nine months ended September 30, 2025, up Php 3,908 million, or 3%, from Php 154,995 million in the same period in 2024[41]. - Wireless segment revenues for the nine months ended September 30, 2025, were Php 76,468 million, while fixed line segment revenues were Php 100,248 million[39]. - Total revenues from the Wireless business segment decreased by Php 2,067 million, or 3%, to Php 76,468 million for the nine months ended September 30, 2025, from Php 78,535 million in the same period in 2024[54]. - Mobile service revenues accounted for 98% of wireless service revenues, totaling Php 71,007 million for the nine months ended September 30, 2025, a decrease of Php 747 million, or 1%, from Php 71,754 million in the same period in 2024[57]. - Fixed Line business segment revenues increased by Php 4,813 million, or 5%, to Php 100,248 million for the nine months ended September 30, 2025[88]. Expenses and Costs - Consolidated expenses rose by Php 4,298 million, or 4%, to Php 123,385 million for the nine months ended September 30, 2025, from Php 119,087 million in the same period in 2024[44]. - General operating costs for the nine months ended September 30, 2025, decreased to 56,869 million pesos from 58,564 million pesos in 2024, a reduction of 2.9%[179]. - Depreciation and amortization expenses increased to 41,820 million pesos for the nine months ended September 30, 2025, compared to 37,333 million pesos in 2024, reflecting an increase of 12.5%[179]. Cash Flow and Investments - Net cash from operating activities increased by 11% to Php 75,765 million in 2025 from Php 68,118 million in 2024[25]. - Consolidated net cash flows from operating activities increased by Php 7,647 million, or 11%, to Php 75,765 million for the nine months ended September 30, 2025, compared to Php 68,118 million in the same period in 2024[121]. - Consolidated net cash flows used in investing activities amounted to Php 49,584 million for the nine months ended September 30, 2025, an increase of Php 2,377 million, or 5%, from Php 47,207 million in the same period in 2024[123]. - The company reported a net cash flow used in financing activities of Php 26,164 million for the nine months ended September 30, 2025, compared to Php 26,132 million in the same period of 2024, indicating a marginal increase of 0.1%[191]. Debt and Liabilities - Long-term debt increased by 6% to Php 297,536 million as of September 30, 2025, from Php 281,586 million as of December 31, 2024[25]. - Total interest-bearing financial liabilities increased by Php 15,950 million, or 6%, to Php 297,536 million as of September 30, 2025, from Php 281,586 million as of December 31, 2024[128]. - Noncurrent liabilities rose to Php 344,682 million in 2025 from Php 318,078 million in 2024, indicating increased long-term financial obligations[177]. - The company is in compliance with all debt covenants as of September 30, 2025[131]. Asset Management - Total assets as of September 30, 2025, increased by 1% to Php 629,556 million from Php 623,275 million as of December 31, 2024[25]. - Cash and cash equivalents and short-term investments totaled Php 10,102 million as of September 30, 2025, with principal sources including cash flows from operating activities of Php 75,765 million[119]. - Noncurrent assets increased by Php 8,164 million, with property and equipment rising by Php 7,241 million or 2% due to higher capital expenditures[135][136]. Dividends and Shareholder Returns - Consolidated cash dividend payments were Php 20,576 million for the nine months ended September 30, 2025, compared to Php 20,744 million in the same period of 2024[148]. - The company declared dividends totaling Php 20,570 million charged to retained earnings for the nine months ended September 30, 2025[148]. - The company’s cash dividends paid were Php 20,576 million for the nine months ended September 30, 2025, slightly down from Php 20,744 million in the same period of 2024, a decrease of 0.8%[191]. Strategic Investments - PLDT invested Php 840 million in Kayana, representing 60% equity interest, to enhance digitalization initiatives within the MVP Group[217]. - PLDT's investment strategy includes acquiring stakes in companies to enhance its digital capabilities and market presence[216]. - PGIH acquired an additional 5.01% interest in Multisys for Php 257.5 million, increasing its total ownership to 50.74%[160]. - PLDT's subsidiaries prepare financial statements for the same reporting period, ensuring uniform accounting policies[213].