Growth in data and broadband continued to offset declinesin legacy services. Data and broadband revenues reached ₱166.5 billion,accounting for 85% of net service revenues. Excluding legacy services, netservice revenues grew 3%.
Consolidated EBITDA rose 3% to a record ₱111.2 billion,with margins steady at 52%. Capital expenditures declined to ₱60.3 billion from₱78.2 billion last year, lowering capex intensity to 28% amid disciplinedspending and successful vendor negotiations.
Core income increased 1% to ₱34.6 billion, supported byMaya’s first full year of profitability. Telco core income slipped 3% to ₱33.9billion. Reported net income declined 7% to ₱30 billion due to lower non-coregains and higher one-off charges.
The board approved a final dividend of ₱46 per share,bringing total 2025 dividends to ₱94 per share, equivalent to a 60% payout oftelco core EPS.
Consolidated net debt stood at ₱284.7 billion, with a netdebt-to-EBITDA ratio of 2.56x. Credit ratings from Moody’s and S&P remaininvestment grade.
“Our core business remained stable despite economicchallenges, and disciplined investments strengthened our free cash flow,” saidManuel V. Pangilinan, PLDT and Smart chairman and CEO.
Segment Highlights
Wireless Consumergenerated ₱85 billion in revenues, with data accounting for 91% of the total.Data traffic rose 7% to 5,914 petabytes, while active data users reached 43.2million. Fixed Wireless Access revenues grew 22%, driven by 5G adoption.
PLDT Home posted recordrevenues of ₱61 billion, up 3%, with fiber revenues growing 6% to ₱59.4billion. Total fiber subscribers reached 3.76 million, while churn improved to1.8% for the year.
PLDT Enterprisedelivered record revenues of ₱48.4 billion, up 1%, driven by ICT and digitalinfrastructure services. ePLDT and VITRO Inc. posted combined revenues of ₱6.5billion, up 22%.
Maya and Network Expansion
Maya achieved its first full year of profitability,posting ₱1.7 billion in net income. Deposits grew 72% to ₱68 billion, whiletotal loans disbursed since 2022 reached ₱256 billion.
The group continued expanding its fiber and wirelessnetwork, which now spans 1.25 million cable kilometers. Investments in 5G,satellite connectivity, and AI-ready data centers support future growth.
Sustainability
For the second consecutive year, PLDT was included in theS&P Global Sustainability Yearbook, ranking within the top 15% of globaltelecom companies. The group also maintained strong environmental ratings andcontinues to pursue its decarbonization roadmap targeting a 40% emissionsreduction by 2030.
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