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PLDT Inc. Reports Strong 2024 Financial Performance

PLDT Inc. Reports Strong 2024 Financial Performance

PLDT, Inc. ( (PHI) ) has released its Q4 earnings. Here is a breakdown of the information PLDT, Inc. presented to its investors.

PLDT Inc. is the largest fully integrated telecommunications company in the Philippines, offering a wide range of digital and telecommunications services through its extensive fiber optic backbone and networks.

In its latest earnings report, PLDT Inc. announced a 3% increase in consolidated gross service revenues, reaching ₱208.4 billion for the year 2024. The company also reported a 21% rise in net income to ₱32.3 billion, highlighting its resilience and strong market position.

Key financial highlights include a 4% growth in consolidated EBITDA to ₱108.5 billion, with an EBITDA margin remaining steady at 52%. The company’s telco core income grew by 2% to ₱35.1 billion, and it declared a total dividend of ₱97 per share for 2024, representing a 60% payout. PLDT’s individual wireless and fiber-only revenues also showed positive growth, driven by increased data usage and network expansions.

PLDT’s enterprise segment saw a 3% increase in revenues, with significant growth in cloud services and data center operations. The company also strengthened its sustainability efforts, earning recognition in the S&P Global Sustainability Yearbook 2025 and maintaining its inclusion in the FTSE4Good Index.

Looking ahead, PLDT aims to leverage technology to drive innovation and improve services, positioning itself to navigate future challenges and opportunities in the rapidly evolving telecommunications landscape.

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