PLDT Lowers 2025 Capex, Aims for Positive Free Cash Flow by 2026

MANILA – PLDT Inc. announced a lower capital expenditure (capex) budget for 2025, aiming to improve its free cash flow (FCF) by 2026.

📉 2025 Capex Budget:
💰 P68 billion – P73 billion (down from P85 billion in 2023)
📊 Target capital intensity ratio: 32% – 34%

Key Investments for 2025:

✅ Network Expansion – New cell sites, LTE & 5G upgrades
✅ Home Fiber Ports – Expanding fiber infrastructure
✅ AI & Data Centers – Focus on AI-ready facilities
✅ Submarine Cable Investment – Strengthening connectivity
✅ IT Modernization – Upgrades to network & digital infrastructure

Financial Performance & Growth

📈 2024 Net Income: P32.55B (+21% YoY)
📈 2024 Revenues: P216.83B (up from P210.95B)

Maya Bank’s Success:
5.4M bank customers
P92B in loans disbursed
Profitable since September 2024

Future Outlook

PLDT CEO Manny Pangilinan emphasized the company’s focus on AI, big data, and digital transformation while remaining cautious about 2025 profit forecasts due to a slow January start.

📉 Stock Price Update:
PLDT shares closed at P1,376.00, down P12.00 (-0.86%) on Thursday.