PLDT Inc. (NYSE:PHI) Q2 2025 Earnings Conference Call August 12, 2025 3:30 AM ET
Company Participants
Aayush Jhunjhunwala – Corporate Participant
Anastacio R. Martirez – Corporate Participant
Anastacio Roy Martirez – Chief Operating Officer
Danny Y. Yu – Senior VP, CFO & Chief Risk Management Officer
Joachim Horn – Director, Markant Advisors Pte. Ltd.
Joan A. De Venecia-Fabul – First VP, Chief Legal Counsel & Head of Legal and Regulatory Affairs Group
Leo I. Posadas – Senior VP & Treasury Head
Manuel Velez Pangilinan – President, CEO & Chairman
Marseille N. Nograles – Vice President & Investor Relations Head
Menardo G. Jimenez – Executive VP, COO & Director
Conference Call Participants
Arthur Pineda – Citigroup Inc. Exchange Research
Marseille N. Nograles
Good afternoon, everyone, and thank you for joining us today. I’m Jinggay Nograles, Head of Investor Relations here at PLDT, and it’s my pleasure to welcome you to our first half financial and operating results briefing.
Joining us today to share insights into PLDT’s performance and strategic direction are PLDT Chief Operating Officer, Mr. Butch Jimenez; PLDT Financial Officer, Mr. Danny Yu; PLDT Corporate Secretary, Marilyn Victorio-Aquino; PLDT Chief Legal Counsel, Attorney Joan De Venecia-Fabul; PLDT Head of Consumer Home, Mr. John Palanca; PLDT Head of Enterprise, Blums Pineda; PLDT President, [indiscernible]; and PLDT Treasurer, Leo Posadas. Later during the call, we will also be joined by Smart Communications Chief Operating Officer, Mr. Boy Martirez. Go ahead, Danny.
Danny Y. Yu
Yes. Good afternoon, everyone. Allow me to present PLDT’s first half 2025 performance covering key results and business highlights. Our service revenues net of interconnection costs reached PHP 97.1 billion, a touch higher year-on-year. EBITDA came in at PHP 55.5 billion, up 3% from last year. EBITDA margin remained steady at 52%. This was supported by steady growth from our fiber and disciplined cost management. Cash OpEx subsidies provisions [indiscernible], 3%, reflecting
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