PLDT posts weaker Q1 profit of PHP 9.03B

PLDT Inc., one of the country's major telco players, booked a weaker net income in the first three months of 2025 due to elevated expenses.

File photo: PLDT logo

Higher expenses pull down PLDT's income

In a disclosure, the telco giant said its earnings in the first quarter fell by 8 percent to PHP 9.03 billion.

Total revenues, meanwhile, saw a 2-percent increase to PHP 55.28 billion.

Operating expenses during the period, however, rose 5 percent to PHP 40.55 billion.

PLDT chairman and chief executive officer Manuel Pangilinan said the group is "navigating a softer market environment." But he said PLDT's fundamentals remain "intact."

Broadband and fiber continue to anchor the business, while digital finance is emerging as a strong new driver. We remain focused on recovery and growth across all segments, Pangilinan said.

Its digital finance units, Maya, registered a profit of PHP 127 million for the January to March period, fueled by strong lending, deposits, and payments volume.

Loan disbursements also hit PHP 120 billion.

We operate several businesses, several platforms. So, all these platforms across the board will continue to grow in multiples this year, Maya Chief Executive Officer Orlando B. Vea said.

The PLDT chief said he expects Maya to deliver about PHP 1 billion in earnings this 2025.