PLDT Inc. announced its full-year financial results for 2025, headlined by record-breaking Net Service Revenues and a significant leap in free cash flow, achieved a full year ahead of schedule.
PLDT’s pivot toward a data-driven ecosystem continues to yield results, with data and broadband revenues now accounting for 85% of total Net Service Revenues.
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Net Service Revenues: Reached a record ₱196.2 billion, up 1% year-on-year. Excluding legacy service declines, underlying growth stood at 3%.
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EBITDA: Consolidated EBITDA rose 3% to a record ₱111.2 billion, maintaining a robust 52% margin.
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Core Income: Increased 1% to ₱34.6 billion, bolstered by Maya’s first full year of profitability.
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Dividends: The Board approved a final dividend of ₱46 per share, bringing the total 2025 payout to ₱94 per share (60% of Telco Core EPS).
A hallmark of the 2025 fiscal year was the company’s heightened capital discipline. Capital expenditures (Capex) were reduced to ₱60.3 billion (down from ₱78.2 billion in 2024), driven by successful vendor negotiations and optimized network investments.
This disciplined approach allowed PLDT to reach positive free cash flow by end-2025, surpassing the company’s original 2026 target. Capex intensity subsequently improved to 28%.
| Metric (Full Year 2025) | Value | Change vs. 2024 |
| Gross Service Revenues | ₱212.2 Billion | + 2% |
| Data & Broadband Revenue | ₱166.5 Billion | + 4% |
| Reported Net Income | ₱30.0 Billion | – 7% |
| Net Debt-to-EBITDA | 2.56x | Stable |
“The first half of the year was tough, but we regained momentum in the second half,” said Manuel V. Pangilinan, PLDT and Smart Chairman and CEO. “Our core business has remained stable despite wider economic challenges. We saw our disciplined investments strengthen our free cash flow, building a healthier business for the long term.”
Pangilinan also highlighted the scaling of new growth engines: “Our ICT and data center businesses, along with Maya, are becoming increasingly meaningful contributors to the PLDT Group.”
PLDT maintains a healthy balance sheet with investment-grade ratings from both Moody’s and S&P Global. Consolidated Net Debt stood at ₱284.7 billion as of December 31, 2025. The company’s debt profile remains well-managed, with only 5% of total debt unhedged and maturities spread effectively across future periods.
