PLDT INC. ‘s consolidated services revenue grew to P194.7 billion in 2024, a 2% increase from the previous year.
The company’s services revenue growth reflected the consistent demand across its key business segments on Mobile Data (P74.4-B), Fiber (P56-B), and Corp data/ICT (P35-B), which accounts to 88% of total revenues (P165.4-B), excluding legacy services.
Additionally, EBITDA (earnings before interest, taxes, depreciation, and amortization) expanded to 4% with P108-B compared to the P104.3-B in 2023 with a steady 52% margin.
Tele Core income rose to P35.1-B (2% increase) while reported net income grew to P32.3-B (21% increase), reinforcing stability and financial resilience. This excludes the impact of asset sales and losses from Maya Innovations Holdings.
“Our focus remains on expanding revenues, managing costs, and improving cash flow generation in 2025,” PLDT chief finance and risk officer Danny Yu said in an online briefing on Feb 27, 2025.
PLDT’s consolidated capex (capital expenditure) in optimizing investments to sustain growth lowered to a capex intensity of 38% compared to 42% in 2023, and 50% in 2022. In 2024, the capex stood at P78.2-B.
For 2025, PLDT’s capex guidance will range from P6-B to P73-B with investment on key priority areas of new cell sites plus LTE 5G upgrade, home fiber ports, increased focus on AI and network, AI-ready data center, and others.
