Telecommunications company PLDT Inc. reported a core income of ₱17.6 billion for the first half of 2025, slightly higher compared to last year. Its telco core income, however, was at ₱17.2 billion, down 4% or ₱0.8 billion from the same period in 2024.
The improvement was supported by the performance of its financial technology arm, Maya, which posted a net income of ₱582 million in the second quarter of 2025, up 60% from the first quarter and a reversal from the ₱739 million net loss in the same period last year. The growth was attributed to higher revenues and controlled operating expenses.
Maya’s customer base doubled year-on-year to 8.2 million. Loan disbursements reached ₱32 billion in the second quarter alone, a 147% increase from last year. Since its launch, Maya Bank has disbursed ₱152 billion in loans. PLDT’s share in Maya’s core income for the first half was ₱406 million, a ₱1.1 billion turnaround from last year’s losses. Reported income for the first half was ₱18.1 billion, down 1% year-on-year.
“Our results for the first half of 2025 show the resilience of our business and the strength of our people,” said Manuel V. Pangilinan, chair and CEO of PLDT and Smart.
Capital expenditures for the first half amounted to ₱27.4 billion, lower than ₱35.1 billion a year earlier. PLDT lowered its full-year capex guidance to ₱63 billion from the earlier range of ₱68 billion to ₱73 billion, citing favorable vendor pricing and negotiated terms.
PLDT Home delivered ₱1,485 of average revenue per user (ARPU), the highest in the industry. Its fiber-only revenues reached ₱29.5 billion in the first half, up 7% from last year, with fiber accounting for 97% of total home revenues.
PLDT Enterprise generated ₱23.5 billion in revenues, driven by demand for connectivity and ICT solutions. The Individual Wireless segment posted ₱42.3 billion in revenues, with mobile data making up 89% of the total.