4 days ago
PLDT lowers capex guidance for 2025
Pangilinan-led telecommunications giant PLDT Inc. has lowered its capital expenditure (capex) ceiling for 2025.
In a disclosure to the Philippine Stock Exchange on Tuesday, PLDT said its full-year capex guidance stood at P63 billion, from the original target of P68 billion to P73 billion for the entire year.
The telco said the lowered capex ceiling for 2025 was 'due to more favorable pricing and successfully negotiated terms with vendors.'
As of the first half of 2025, PLDT said its capex amounted to P27.4 billion, down from P35.1 billion in the same period last year.
The telco saw its bottom line decline slightly in the first half of 2025 due to cost pressures during the period, with reported income amounting to P18.1 billion, down 1% year-on-year.
'Our results for the first half of 2025 show the resilience of our business and the strength of our people. We continue to invest in the future—expanding our network, enhancing customer experience, and driving innovation across our businesses. In a challenging environment, we remain committed to delivering value to our customers, shareholders, and the country,' said Manuel V. Pangilinan, PLDT and Smart chairman and CEO. —VBL, GMA Integrated News
