PLDT, Inc. · PSE:TEL
PLDT — H1 2025 Earnings Presentation
51 slides from PLDT's earnings presentation, August 2025
Slide 1: 1H2025 Analysts Briefing
Presentations Page (IR website) 1H2025 Analysts Briefing
Slide 2: Financial Highlights
Financial Highlights Core performance driven by strong Maya results and sustained fiber momentum 1H25 1H24 Change % Change Gross Service Revenues Service Revenues 97.1bn 96.9bn +0.2bn -- [net of interconnection costs] 3% ₱106.3bn Cash Opex, Subsidies, Provisions +2.9bn 41.6bn 43.0bn -1.4bn -3% (ex-M
Slide 3: Consolidated Service Revenues
Consolidated Service Revenues Maintaining strong leadership in Fiber-powered Home Broadband 97.1bn +0.2bn Individual Home Enterprise 1H25 Service Revenues (1) Total -1% Total Total -1% 4% ₱42.3bn -0.6bn ₱30.4bn +1.2bn ₱23.5bn -0.3bn 24% Individual 44% Home Revenue Mix Enterprise International (3) (3
Slide 4: Sustained Home Fiber Growth
Sustained Home Fiber Growth Enhanced network investments delivering diverse offerings tailored for every home Total Home Total Fiber Strong subscriber growth momentum, +1.2bn of total +2.0bn fixed net adds up significantly YoY ₱30.4bn 1H25 4% VS 1H24 ₱29.5bn 1H25 97% Home 7% VS 1H24 • 169k fiber net
Slide 5: Leading the Market with Enterprise Solutions
Leading the Market with Enterprise Solutions Resilient revenue performance driven by strong ICT growth Total Enterprise Total Corp Data & ICT (1) Headwinds temper segment -1% -0.3bn 74% of total revenues YoY ₱23.5bn 1H25 VS 1H24 ₱17.4bn 1H25 Enterprise VS 1H24 • Negative base effects persist due to
Slide 6: Vitro Santa Rosa: Philippines' First AI-Ready Hyperscale Data Center
VITRO SANTA ROSA: THE PHILIPPINES’ FIRST AI-READY HYPERSCALE DATA CENTER Inaugurating A First For The Philippines •First Operational AI-Ready Facility •Live Hyperscale Anchor Tenant •First local GPUaaS Deployment in PH 50 MW 4,500 5 ha. Campus Total Capacity Racks Space TOTAL DC BUSINESS Coloc
Slide 7: Mobile Innovations Unlocking New Growth
Mobile Innovations Unlocking New Growth Stable ARPU from tailored offers, robust 5G adoption, and innovative launch of ‘KiQ' Total Individual Total Mobile Data Sustained growth in data traffic and -1% -0.6bn 89% of total +0.1bn stable ARPUs driven by hyper- ₱42.3bn 1H25 VS 1H24 ₱37.4bn 1H25 Individu
Slide 8: KIQ: Launch of Gen Z Brand
KIQ: Launch of Gen Z Brand last August 10 Innovations to cater to the Gen Z: • Totally Digital Experience from on- boarding, registration, usage and payments (all via App) • Subscribers can choose their number from 0925 series on a FCFS basis • Flexible Fully Customizable Offers (First and only in t
Slide 9: KIQ: Launch of Gen Z Brand
@Smart KIQ: Launch of Gen Z Brand \
Slide 10: Operating Expenses
Operating Expenses Continued cost optimization 1H25 1H24 Change % Change Repairs and Maintenance 15.6bn 15.1bn +0.5bn +4% Compensation and Benefits [ex MRP] 10.9bn 11.8bn -0.9bn -8% Professional and Other Service Fees 3.5bn 3.6bn -0.1bn -2% Selling and Promotions 2.3bn 3.0bn -0.7bn -22% Provisions 1
Slide 11: Consolidated EBITDA
Consolidated EBITDA (1) Efficient cost management anchored EBITDA stability ₱55.5bn EBITDA Growth Rise in Revenues Decline in Costs 52% 3% +1.6bn ₱0.2bn EBITDA 1H25 Margin VS 1H24 YoY ₱1.4bn (Php in bn) EBITDA Margins Key Highlights 57 55 1H23 53% • Steady EBITDA growth despite legacy drag and 53 el
Slide 12: Telco Core & Reported Income
Telco Core & Reported Income Uplift in core performance driven by sustained Maya profitability 1H25 1H24 1H25 vs 1H24 Telco Core Growth Key Insights -4% Telco Core Income 17.2bn 18.0bn -0.8bn 01 Maya profitability -0.8bn Share in Maya Innovations gains pace Holdings (MIH)/Bank Hold Co Core +0.4bn -0
Slide 13: Consolidated Capex
Consolidated Capex Continued CapEx Discipline (Php in bn) 1H2025 capex stood at P27.4bn Total Capex 85.1 ▪ Bulk of completions expected in the (2015-2024) 78.2 second half of the year 35.1 Investments 27.4 Guidance for 2025: ≈₱63bn (originally ₱68-73bn) Others ▪ Reduced Capex guidance due to favorab
Slide 14: Debt Profile
Debt Profile Proactive Debt Management 161.3 Debt Balance (1) 283.6 273.0 285.0 270.7 293.8 282.6 Debt Maturities [gross] (4) ₱282.6bn 16.0 16.1 27.7 21.4 26.5 24.8 Net Debt 10.6 14.3 11.2 2.57x 2024 Mar-25 Jun-25 ₱ 293.8bn 2025 2026 2027 2028 2029 2030 2031 to Net Debt-to-EBITDA(2) Gross Debt 2050
Slide 15: Dividend Stability
Dividend Stability Dividend payouts while managing leverage Interim Cash Dividend Declaration Date: Record Date: Payment Date: August 12, 2025 August 28, 2025 September 10, 2025 ₱48 Per share Telco Core EPS Key Insights Dividend Per Share ₱80 94 97 01 Focus remains on 1H24: ₱83 89 82 deleveraging an
Slide 16: A Comprehensive Ecosystem with Strong Network Effects
A Comprehensive Ecosystem with Strong Network Effects More More More More Transactions Consumers Merchants Transactions Consumers Businesses Payment. Banking. Lending All-in-one Deeper More More Deeper Insights Products Products Insights
Slide 17: 2Q25 Highlights
2Q25 Highlights Maya: #1 Fintech Ecosystem #1 #1 Digital Bank(1) Merchant Acquirer 8.2mm 2.1mm Largest Market Share in Bank Customers (+101% YoY)(2) Borrowers (+85% YoY)(2) Card Acquiring & QRPH (3) Php50.4B Php152B Php582M Net Income Loans Disbursed LTD in 2Q25 Deposit Balance (+54% YoY) as of Jun-
Slide 18: #1 Digital Bank Dominating Loans and Deposits
#1 Digital Bank Dominating Loans and Deposits Best Digital Bank FinanceAsia Awards, Retail Banking Awards, World Digital Bank Awards, CNBC Best Banks – Asia Pacific Deposit Balance (Php B) Loan Disbursed (Php B) Loan Balance (Php B) Net Interest Margin (%) 20.2% 49% 68 42% 50.4 13.9% 39.3 +54% YoY 1
Slide 19: Unmatched Momentum through Ecosystem Strength
Unmatched Momentum through Ecosystem Strength Unlocking Maya's Ecosystem with Maya Black Credit Card Broadening Access to Consumer and MSME credit c. 230k Launch of Maya Black Preferred Merchants Credit Cards Issued 600+ (Maya Black and Landers Stores Nationwide Cashback Credit Card) Credit cards is
Slide 20: Sustainability Highlights
PLDT 2024 Annual and Sustainability Report Sustainability Highlights PLDT and Smart sourced additional PLDT improves ESG score in FTSE4Good PLDT reaffirms commitment to the Ten renewable energy (RE) from MPower Principles of the United Nations Global PLDT scored higher than telecom industry, Compact
Slide 21: Thank you!
Thank you!
Slide 22: 2Q2025 Sustainability Highlights
2Q2025 Sustainability Highlights
Slide 23: Reporting: Inaugural Combined Annual and Sustainability Report
Reporting: Inaugural Combined Annual and Sustainability Report PLDT released its first combined Annual and Sustainability Report (9 June 2025) ➢ Title: AI and the New Generation or Leaders “For PLDT, AI is a new avenue of growth and another tool to help carry out our corporate purpose of inspiring i
Slide 24: Governance: Recognition of ESG initiatives
Governance: Recognition of ESG initiatives PLDT included in FTSE4Good for six straight years (since 2019) PLDT’s ₱2B social loan wins “Social Infrastructure Deal of the Year” ➢ PLDT’s overall performance improved ➢ Recognized by The Asset Magazine’s Triple A Sustainable Infrastructure year-on-year,
Slide 25: Governance: Winner of the UNGC SDG Innovation Accelerator for Young Professionals
Governance: Winner of the UNGC SDG Innovation Accelerator for Young Professionals ➢ PLDT/Smart team named overall winner of the United Nations Global Compact (UNGC) SDG Innovation Accelerator for Young Professionals – to represent the Philippines at the UNGC Leaders Summit in New York during Climate
Slide 26: Governance: Commitment to the Ten Principles of the UNGC
Governance: Commitment to the Ten Principles of the UNGC Submission of Communication on Progress (CoP) to the UNGC ➢ Affirms PLDT’s commitment to the Ten Principles of the United Nations Global Compact (UNGC) ➢ UNGC is a worldwide initiative by companies that voluntarily commit to adopting business
Slide 27: Environment: Environmental stewardship leveraging broader group network
Environment: Environmental stewardship leveraging broader group network Collaboration with other MVP-led companies PLDT and Smart forged “Sustainabile Connections” with MPower Continued support to Maynilad’s “Plant for Life” (17 July 2025) (11 July 2025) ➢ PLDT and Smart signed agreements with MPowe
Slide 28: Environment and Social: Responsible waste management and circularity
Environment and Social: Responsible waste management and circularity “Be Kind. Recycle. “ Program 2Q 2025 Impact Report ➢ As of July 2025, about 26.7 metric tons (MT) of e-waste collected and turned-over to DENR-accredited facilities for proper treatment and disposal Collection and Collection ▪ ~10.
Slide 29: Participation in Public Consultations for Biodiversity Conservation and Climate Adaptation
Environment and Social: Participation in Public Consultations for Biodiversity Conservation and Climate Adaptation PLDT and Smart at the DENR-UNDP Roundtable PLDT and Smart at the (11 June 2025) Workshop for the Impact Tables and Hazard Risk Calculation (January – February 2025) ➢ PLDT/Smart joined
Slide 30: Social: Child Protection through partnerships
Social: Child Protection through partnerships PLDT/Smart recognized as SaferKidsPh Champion Strengthening collaboration against OSAEC and CSAEM (3 June 2025) (9 June 2025) ➢ SaferKidsPH is a collaboration of the Asia Foundation, ➢ PLDT and Smart were invited to be part of the 1st Philippine UNICEF,
Slide 31: Social: Creation of a safer environment for children
Social: Creation of a safer environment for children PLDT/Smart at UNICEF and SEC event: Strengthening response against online child abuse “Investing in the Future: Child Rights in ESG” ➢ PLDT and Smart have been collaborating wih IJM to help the government combat ➢ Among points highlighted by PLDT/
Slide 32: Social: Diversity and Inclusion Highlights
Social: Diversity and Inclusion Highlights Diversity and Inclusion: In the workforce Diversity and Inclusion: Women in the Data Workforce (June 2025) (27 May 2025) ➢ PLDT and Smart again held their annual Diversity and Inclusion program: ➢ PLDT and Smart joined the panel “Privacy and Power: Building
Slide 33: Governance: Active alliance to support Diversity and Inclusion
Governance: Active alliance to support Diversity and Inclusion Collaboration with the Philippine Business Coalition for Women Empowerment (PBCWE) ➢ PLDT joined PBCWE event to recognize the contribution ➢ PLDT and Smart participated in the PBCWE Gender Working Group workshop and of then outgoing Aust
Slide 34: Knowledge building on sustainability and latest regulations
Social and Governance: Knowledge building on sustainability and latest regulations Discussing #Sustainability Everyday with the Privacy Office Training to ensure compliance with latest regulations (23 April 2025) On New Government Procurement Act (NGPA) On Labor Law and on OSH Standards ➢ Sustainabi
Slide 35: Appendix
Appendix
Slide 36: Fixed & Wireless Network Highlights
Fixed & Wireless Network Highlights Fiber: Extensive Network Reach Most extensive network in Total Homes Passed FTTH Coverage Total Fiber Footprint the Philippines, with robust Million Homes Barangays ‘000 Million Cable Kilometers Laid International Network Capacity Domestic International 1.2 1.1 1.
Slide 37: Fixed & Wireless Network Highlights
Fixed & Wireless Network Highlights Wireless: Expansive Network Latched Devices 78% LTE/4G LTE/4G BTS 5G BTS Mobile Coverage in thousands in thousands Population coverage 5G (NCR) 100% 80.5K 5G (Vismin - all Total BTS Count cities) 68% 44.9 5.0 Population coverage 43.5 4.8 99% 39.3 4.7 5G Coverage (
Slide 38: VITRO (Data Center) business: Key Highlights
VITRO (Data Center) business: Key Highlights Current and future pipeline Sustainable Operations 11 sites 4 facilities 2N • Transition to Electric Vehicles. Ongoing Most resilient power study on the additional benefits by HR. Strategically spread TIA-942* Rated 3 certified architecture among across t
Slide 39: Subscriber base
Subscriber base Total Subscribers 2Q25: 66,809K Net Adds YE-24: 66,579K 2Q2025 1Q2025 4Q2024 3Q2024 2Q2024 2Q2025 vs YE2024 Mobile Subscriber Base Flat Prepaid 56,781,384 56,300,981 56,731,489 58,061,522 58,574,596 49,895 - +230K Smart Prepaid 21,247,707 21,324,961 21,759,728 22,416,116 22,550,066 (
Slide 40: ARPU, net
ARPU, net Mobile ARPU, net 2024 2025 1Q 2Q 3Q 4Q 1Q 2Q Postpaid 703 688 690 684 670 659 Smart Prepaid 125 119 115 122 121 118 TNT 106 100 98 105 103 102 Fiber ARPU, net 2024 2025 1Q 2Q 3Q 4Q 1Q 2Q Home: Fiber 1,496 1,500 1,490 1,493 1,493 1,470 1H2025 Analysts Briefing 40
Slide 41: Financial Highlights
Financial Highlights 1H25 YoY % 1H24 (Php in millions) Wireless Fixed Line Others Consolidated Change Service Revenues (1) 48,387 66,810 - 106,308 103,443 3% (2) Cash Operating Expenses 19,565 21,933 6 37,828 39,633 -5% Interconnection Costs 460 9,377 - 9,187 6,546 40% Subsidies and Cost of Contract
Slide 42: Consolidated Service Revenues
Consolidated Service Revenues Fixed and Wireless breakdown 2025 2024 % Change 1H2025 vs 1Q 2Q 1H 1Q 2Q 1H 3Q 4Q FY (PHP in Millions) 1H2024 Fixed Line 29,207 29,063 58,270 27,627 27,160 54,787 27,914 28,692 111,393 6% Home Broadband 13,281 13,239 26,520 12,690 12,774 25,464 12,988 13,289 51,741 4% C
Slide 43: Consolidated Service Revenues
Consolidated Service Revenues Breakdown as per service type 2025 2024 % Change 1H2025 vs 1Q 2Q 1H 1Q 2Q 1H 3Q 4Q FY (PHP in Millions) 1H2024 Data and Broadband 41,431 40,858 82,289 40,893 40,322 81,215 40,339 41,954 163,508 1% Home Broadband 13,281 13,239 26,520 12,690 12,774 25,464 12,988 13,289 51
Slide 44: Wireless Service Revenues
Wireless Service Revenues 2025 2024 % Change 1H2025 vs 1Q 2Q 1H 1Q 2Q 1H 3Q 4Q FY (PHP in Millions) 1H2024 Data / Broadband 20,315 20,060 40,375 20,377 19,827 40,204 19,587 20,661 80,452 - Mobile Data 19,869 19,601 39,470 19,998 19,467 39,465 19,213 20,293 78,971 - Mobile Internet 18,923 18,801 37,7
Slide 45: Fixed Line Service Revenues
Fixed Line Service Revenues 2025 2024 % Change 1H2025 vs 1Q 2Q 1H 1Q 2Q 1H 3Q 4Q FY (PHP in Millions) 1H2024 Data / Broadband 24,968 24,923 49,891 24,300 25,096 49,396 23,719 23,154 96,269 1% Home Broadband 13,285 13,243 26,528 12,695 12,779 25,474 12,992 13,293 51,759 4% Corp. Data and Other Networ
Slide 46: Expenses
Expenses 1H2025 1H2024 YoY (PHP in Millions) Consolidated Consolidated % Change Operating Expenses Repairs and Maintenance 15,616 15,085 4% Compensation and Employee Benefits 11,669 13,115 -11% Professional and Other Contracted Services 3,533 3,602 -2% Others 7,154 7,943 -10% General Operating Costs
Slide 47: Other income (expenses)
Other income (expenses) 1H2025 1H2024 YoY (PHP in Millions) Consolidated Consolidated % Change Equity Share in Net Earnings (Losses) of Associates and Joint Ventrues Maya 381 (635) 160% Vega (72) (41) 76% Others (195) (16) 1119% Total Equity Share in Net Earnings 114 (692) 116% Financing Costs, Net
Slide 48: Earnings per share (EPS)
Earnings per share (EPS) 1H2025 1H2024 (PHP in Millions except EPS (in PHP) and Shares (in mn)) Basic Diluted Basic Diluted Net Income Attributable to Equity Holders of PLDT 18,137 18,137 18,413 18,413 Dividends on Preferred Shares (29) (29) (30) (30) Net Income for the Period Attributable to Common
Slide 49: Balance Sheet
Balance Sheet Consolidated (PHP in Millions) June 30, 2025 December 31, 2024 Total Assets 629,619 623,275 Nominal Value of Debt 293,753 283,575 Less: Unamortized Debt Discount 1,940 1,989 Total Debt 291,813 281,586 Cash and Short-Term Investments(1) 11,217 10,542 Net Debt(2) 282,536 273,033 Equity A
Slide 50: Debt Profile
Debt Profile June 30, 2025 December 31, 2024 Unamortized Debt Change Carrying Value Face Value Face Value (PHP in Millions) Discount/Debt Issuance Debt PLDT ₱ 171,149 ₱ 1,145 ₱ 172,294 ₱ 171,688 ₱ 606 Smart 109,239 717 109,956 104,244 ₱ 5,712 ePLDT 11,425 78 11,503 7,643 ₱ 3,860 Total Debt 291,813 1
Slide 51: Forward-looking statements
Forward-looking statements Except for historical financial and operating data and other information in respect of historical matters, the statements contained herein are “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of