MANILA, Philippines — Telecommunications giant PLDT Inc. reported a net income of ₱8.92 billion for the first quarter of 2026, on Friday, May 15, 2026. The results show a slight 2% dip from the ₱9.06 billion recorded in the same period last year, yet demonstrate resilience as data and broadband services continue to anchor the company’s growth.
Despite the slight drop in reported net income, PLDT’s core income rose 2% to ₱9.1 billion, bolstered by the performance of its digital bank, Maya, and gains from asset sales.
PLDT’s shift toward digital services is evident, with data and broadband now making up the vast majority of its earnings.
| Metric | Amount (Q1 2026) | Performance |
|---|---|---|
| Reported Net Income | ₱8.92 Billion | ↓ 2% YoY |
| Core Income | ₱9.1 Billion | ↑ 2% YoY |
| Gross Service Revenues | ₱54.9 Billion | ↑ 3% YoY |
| Data & Broadband Revenues | ₱41.9 Billion | 86% of total revenue |
| Consolidated EBITDA | ₱28.3 Billion | ↑ 2% (52% margin) |
1. Data and ICT Leadership
The Enterprise segment emerged as a major growth engine, with revenues climbing 4% to ₱12.4 billion.
- ICT Surge: Information and Communications Technology (ICT) revenues jumped 17%, driven by a massive 79% growth in Managed IT Services and a 31% increase in Data & AI.
- Cloud & Cybersecurity: PLDT COO Menardo Jimenez Jr. noted that AI and cybersecurity services are moving rapidly, positioning the enterprise segment as a primary focus for 2026.
2. Consumer Wireless & Home
- Wireless: Consumer revenues reached ₱21 billion, with mobile data demand remaining steady. Fixed wireless access (FWA) services saw an 18% increase in revenue.
- Home: Fiber revenues remained stable at ₱14.7 billion, accounting for 98% of total home revenues (₱15 billion).
3. Fintech & Asset Monetization
- Maya’s Growth: Digital bank Maya contributed significantly to the bottom line, seeing a 19% increase in its performance.
- Property Sales: PLDT raised between ₱300 million and ₱400 million from selling assets in Cebu and Baguio during the quarter, with over 200 more properties still available for disposal.
During the earnings announcement, the PLDT Board approved the acquisition of the remaining 65.1% equity interest in Radius Telecoms.
- Investment: The deal is valued at approximately ₱2.935 billion.
- Goal: Once completed, Radius will become a wholly-owned subsidiary, further strengthening PLDT’s fiber infrastructure and market reach.
PLDT also announced several major personnel changes:
- CFO Retirement: Senior Vice President and CFO Danny Yu will retire effective May 31, 2026.
- New OIC: Leo I. Posadas has been appointed as the officer-in-charge of the Finance, Risk, and Sustainability Group starting June 1.
Despite the solid start to the year, PLDT executives declined to provide full-year revenue and profit guidance. The company cited the “fluid” geopolitical situation in the Middle East and its potential impact on global supply chains and the Philippine economy as reasons for their cautious stance.
“The fundamentals are sound and the momentum is there, but our team is capable of more.” — Manuel V. Pangilinan, PLDT Chair and CEO
