PLDT(US:PHI)2021-08-06 14:36Financial Performance - Telco core income reached P1.3 billion, showing a 10% year-over-year growth[4] - Net service revenue increased to P89.9 billion, compared to P82.8 billion in the previous year, an increase of P7.0 billion or 8.5%[5] - Adjusted EBITDA (ex-MRP) reached P46.6 billion, compared to P43.2 billion in the previous year, an increase of P3.4 billion or 8%[5] - Consolidated service revenues hit a new all-time high, reaching P89.9 billion in 1H2021, an increase of P7.0 billion or 8.5% compared to 1H2020[28] - Data and broadband contributed 76% of total service revenues, amounting to P68.3 billion, a 16% increase or P9.3 billion year-over-year[31,33] - The company declared an interim cash dividend of P42 per share, based on 60% of 1H2021 telco core earnings of P15.2 billion[103,105] Subscriber Base and Network Expansion - Total mobile subscribers reached 71,686,129[169] - Fixed broadband subscribers increased by 12% to 3,451,268[38,172] - Fixed broadband gross connects reached 511,000 in 1H21, a 97% increase from 259,000 in 1H20[40] - Fiber-only net adds totaled 478,000 in 1H21[40] - The company rolled out 94,900 kms of fiber in 1H2021, achieving 76% of its 125,000 kms target for 2021[64,76] Strategic Initiatives and Outlook - Capex for 2021 is projected to be between P88 billion and P92 billion, a 23-28% increase from 2020[108] - The company aims for high single-digit year-over-year growth in consolidated service revenue, driven by data and broadband across all customer segments[107]