Most of its segments, meanwhile, grew during this period.
In its disclosure to the Philippine Stock Exchange (PSE) on Thursday, May 15, telecoms giant PLDT, Inc. reported the unaudited financial results of the conglomerate for the first three months of 2025 that ended on March 31.
As per the company, its consolidated gross service revenues rose Php 1.2 billion and posted Php 53.4 billion in Q1 2025. Meanwhile, net service revenues grew by 1% to Php 49.0 billion.
Its Data and broadband segments contributing 85% of the consolidated service revenues and excluding the legacy drag, the the CSR is up 2% year-on-year to Php 41.4 billion.
The earnings before interests, taxes, depreciation, and amortization (EBITDA) was also 2% higher, posting Php 27.9 billion in the first quarter and a margin that remained steady at 52%, the corporation noted.
“We’re navigating a softer market environment, but our fundamentals are intact. Broadband and fiber continue to anchor the business, while digital finance ks emerging as a new strong driver. We remain focused on recovery and growth across all segments,” PLDT chairman and CEO Manny V. Pangilinan said in his comment on the disclosure.
One of the main highlights in the disclosure is the strong performance of its digital bank Maya, which ended the first quarter of 2025 with Php 44 billion in deposits.
This helped the banking unit cement its position as the leading digital bank by deposit and customer base, and contribute Php 127 million to PLDT’s core income.
As for other units of the company, the Telco Core income softened by 6% to Php 8.8 billion, although the xore income remained stable year-on-year at Php 8.9 billion.
The Individual Wireless group, which comprises of its Smart and TNT brands, saw its Q1 revenues at Php 21.3 billion and its mobile data revenue steadying at Php 18.8 billion.
Combined, PLDT says its brands have 40.9 million active subscribers nationwide.
The Fiber-Only revenues also rose 7%, to Php 14.7 billion, with its Fiber brand now accounting for 97% of the total Home revenues, increasing from 92% as of FY24.
The Enterprise and Corporate Data & ICT segments likewise registered postive growths in Q1, posting Php 11.9 billion and Php 8.8 billion, respectively.
The company also disclosed that its capital expenditure (CAPEX) guidance for 2025 is pegged at Php 68 to 70 billion.