PLDT(PHI) - 2025 Q4 - Annual Report

Financial Performance - Net service revenues reached a record ₱196.2 billion, up 1% year-over-year, and up 3% excluding legacy services[35] - Consolidated gross service revenues increased by 2% to ₱212.2 billion in 2025[35] - Consolidated EBITDA rose 3% to a record ₱111.2 billion, with an EBITDA margin stable at 52% for the year[35] - Core income improved 1% to ₱34.6 billion[35] - PLDT reported Gross Service Revenues growth of 2% to ₱212.2 billion and Net Service Revenues increased by 1% to ₱196.2 billion in 2025[36] - Consolidated EBITDA rose 3% to ₱111.2 billion, maintaining an EBITDA margin of 52%[37] - Net income attributable to equity holders of PLDT was ₱30,011 million, a decrease of 7% from ₱32,307 million in 2024[97] - PLDT's EBITDA margin remained stable at 52% for both 2025 and 2024, with EBITDA of ₱111,230 million[98] Revenue Breakdown - Data and broadband now account for 85% of service revenues at ₱166.5 billion[35] - Wireless consumer revenues totaled ₱85.0 billion, up 1% year-over-year, with 4Q wireless consumer revenues up 4% quarter-over-quarter[35] - Fiber revenues climbed 6% to ₱59.4 billion, making up 98% of total home revenues of ₱61.0 billion[35] - PLDT Home revenues grew 3% to ₱61.0 billion, with Fiber revenues increasing by 6% to ₱59.4 billion, now comprising 98% of total Home revenues[51] - PLDT Enterprise achieved record revenues of ₱48.4 billion, up 1% year-on-year, driven by ICT and digital infrastructure growth[57] Capital Expenditures - 2025 capital expenditures (CAPEX) were ₱60.3 billion, down from ₱78.2 billion last year, with CAPEX intensity down to 28%[35] - Capital expenditures for 2025 were ₱60.3 billion, down from ₱78.2 billion the previous year, resulting in a capex intensity of 28%[38] - The company expects capital expenditures (capex) to be in the mid-₱50 billion range for 2026, maintaining a 60% dividend payout[90] Debt and Assets - PLDT's consolidated Net Debt as of December 2025 was ₱284.7 billion, with a Net Debt-to-EBITDA ratio of 2.56x[42] - Total assets increased to ₱634,828 million in 2025 from ₱623,275 million in 2024[92] - Noncurrent liabilities rose to ₱347,602 million in 2025, up from ₱318,078 million in 2024[96] Corporate Governance - PLDT Inc. confirmed the appointment of Mr. Juancho Paolo L. Jerusalem as First Vice President and Head of Enterprise Strategic Business Development effective November 24, 2025[110] - The Annual Meeting of Stockholders is scheduled for June 9, 2026, at 3:00 p.m.[123] - The record date for stockholders entitled to vote at the Annual Meeting is April 13, 2026[123] - Nominations for election of directors must be submitted by March 11, 2026[123] - The last day for filing proxies for the Annual Meeting is May 29, 2026[123] - The validation of proxies will be completed on June 4, 2026[123] - PLDT Inc. has 11,326 stockholders as of January 31, 2026[118] - The principal office is located at Ramon Cojuangco Building, Makati Avenue, Makati City[118] - The company’s fiscal year ends on December 31[118] - The designated contact person is Marilyn A. Victorio-Aquino, reachable at mvaquino@pldt.com.ph[118] Sustainability and Cybersecurity - PLDT secured back-to-back inclusion in the S&P Global Sustainability Yearbook[35] - PLDT was included in the S&P Global Sustainability Yearbook for the second consecutive year, achieving a CSA score of 77, placing within the top 15% of the global telecommunications industry[78] - PLDT blocked 210 billion attempts to access malicious domains in 2025, showcasing its commitment to cybersecurity[84] - The Group launched the Enterprise Risk Intelligent Companion Agent (ERICA) to automate risk identification and assessment using AI[87] - PLDT blocked over 2 million URLs linked to online sexual abuse and exploitation of children from June 2021 to December 2025[85]