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PHI

PLDT Inc.

PHI

PLDT Inc. • NYSE
$22.34 ▼ -0.22% (-0.05)
Market Cap $4.83 B
52w High $25.12
52w Low $18.61
Dividend Yield 1.66%
P/E 9.71
Volume 44.42K
Outstanding Shares 216.06M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $53.709B ▼ $19.041B ▼ $6.934B ▼ 12.91% ▼ $32.02 ▼ $21.366B ▼
Q2-2025 $54.297B ▼ $33.164B ▲ $9.112B ▲ 16.782% ▲ $42.1 ▲ $23.849B ▲
Q1-2025 $55.277B ▼ $17.077B ▲ $9.025B ▲ 16.327% ▲ $41.71 ▲ $23.527B ▲
Q4-2024 $55.891B ▲ $12.633B ▼ $4.237B ▼ 7.581% ▼ $19.51 ▼ $15.739B ▼
Q3-2024 $53.359B $18.99B $9.657B 18.098% $44.63 $23.961B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $10.382B ▼ $629.556B ▼ $508.064B ▲ $120.326B ▼
Q2-2025 $11.623B ▼ $629.619B ▲ $504.208B ▼ $124.268B ▲
Q1-2025 $14.663B ▲ $626.668B ▲ $509.872B ▲ $115.447B ▲
Q4-2024 $11.003B ▼ $623.275B ▲ $506.54B ▼ $115.419B ▲
Q3-2024 $13.28B $619.995B $507.064B $111.683B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $9.04B ▼ $29.06B ▲ $-17.114B ▼ $-12.84B ▼ $-745M ▲ $11.045B ▲
Q2-2025 $11.874B ▲ $22.16B ▼ $-16.619B ▼ $-8.406B ▼ $-2.922B ▼ $4.224B ▼
Q1-2025 $11.804B ▲ $24.545B ▲ $-15.851B ▲ $-4.918B ▼ $3.748B ▲ $8.403B ▲
Q4-2024 $5.63B ▼ $13.613B ▼ $-18.497B ▼ $3.801B ▲ $-2.295B ▼ $-5.997B ▼
Q3-2024 $12.76B $17.089B $-9.271B $-7.291B $340M $5.87B

Five-Year Company Overview

Income Statement

Income Statement PLDT’s revenues have grown steadily over the last five years, showing that demand for data, broadband, and digital services continues to rise. This is a healthy sign for a telecom operator in a maturing but still data-hungry market. Profitability has been more uneven. Core operating earnings and cash-style profits have generally improved over time, but there was a weak patch a few years ago that likely reflects one-off issues or heavy costs around network expansion. More recently, margins have bounced back, with net income and earnings per share clearly higher than earlier in the period. Overall, the income statement points to a business with stable top-line growth and improving bottom-line performance, but with a history of occasional volatility when big investments or exceptional items run through the accounts.

Balance Sheet

Balance Sheet The balance sheet shows a large, asset-heavy business, as you’d expect for a telecom operator with extensive network and fiber infrastructure. Total assets have stayed broadly stable over the past few years, suggesting the company is maintaining, rather than radically expanding, its overall asset base after a period of heavy build-out. Debt has been creeping up, while cash balances have trended down from earlier, more comfortable levels. Equity dipped earlier in the period and has started to rebuild, but leverage is clearly higher than it was several years ago. This paints a picture of a capital-intensive company that has leaned more on borrowing to fund network and data center investments. The key ongoing risk is managing this higher debt load against future earnings and cash generation, especially in a competitive and regulated market.

Cash Flow

Cash Flow Operating cash flow has been consistently strong, which is important in a sector that lives or dies on its ability to turn earnings into cash. PLDT appears to do this reasonably well, with cash from operations broadly matching the earnings story. Free cash flow has been volatile because of very heavy capital spending on fiber, mobile, and data center infrastructure. During the most intense investment years, free cash flow slipped into negative territory. As capital spending has started to come down from peak levels, free cash flow has moved back into positive, but still modest, territory. In simple terms, the business is a solid cash generator before investments, but its strategy of aggressive network and digital infrastructure build-out has soaked up a lot of that cash. The recent trend toward lower capital intensity is easing the pressure, but the company is still balancing growth investments against the need to keep cash and debt under control.

Competitive Edge

Competitive Edge PLDT holds a leading position in the Philippine telecom market as a fully integrated operator across fixed-line, mobile, and enterprise services. Its biggest advantage is its extensive fiber network, built up over decades, which is difficult and expensive for rivals to replicate. This network advantage supports strong brand recognition, broad coverage—including many provincial and remote areas—and the ability to bundle services across home broadband, mobile, and enterprise connectivity. That combination tends to create “stickiness,” making it harder for customers to switch away. However, competition remains intense, particularly in mobile and data, where pricing pressure and promotions are common. Regulatory oversight is also meaningful in this sector. PLDT’s edge lies in scale, infrastructure depth, and an integrated offering, but it must keep defending that position as competitors upgrade their own networks and new technologies lower some barriers to entry.

Innovation and R&D

Innovation and R&D Innovation at PLDT is focused less on pure research and more on applying new technologies to strengthen its network and services. The company has been aggressively expanding and modernizing its fiber backbone and has been an early mover in 5G in the Philippines, using it to support both consumer and enterprise offerings. On the technology side, PLDT is exploring open radio access networks, 5G network slicing, and the use of AI and machine learning to optimize network performance and maintenance. Its Technolab facility serves as a test bed for next-generation solutions before they are rolled out commercially. Beyond connectivity, PLDT is investing in data centers, cloud services, and emerging areas like AI-ready infrastructure and GPU-as-a-service. This shifts part of the business toward higher-value digital infrastructure and enterprise services, potentially diversifying earnings over time if these bets scale successfully.

Summary

PLDT shows the classic profile of a mature but still-growing telecom leader: steady revenue growth, strong cash generation, and heavy investment in network and digital infrastructure. Earnings have improved over time but with some bumps along the way, reflecting the cost and complexity of major upgrades and one-off items. The balance sheet carries more debt than in the past, a natural outcome of sustained capital spending, which puts a premium on continued healthy cash flow and disciplined future investment. Free cash flow is recovering as spending gradually normalizes, but the room for error is smaller when leverage is higher. Competitively, PLDT benefits from a powerful infrastructure moat, a trusted brand, and a comprehensive service suite across consumer and enterprise markets. Its push into 5G, AI-enabled networks, and data center and cloud services positions it at the center of the Philippines’ digital economy. The long-term opportunity is to convert these assets and innovations into stable, higher-quality earnings, while carefully managing debt, competition, and regulatory risks along the way.

NEWS

November 11, 2025 · 4:35 PM UTC

PLDT's Smart Goes Live with Amdocs connectX to Drive Gen Z Engagement, Debuts KiQ App

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