AcquisitionsMay 14, 2026, 08:37 AM

PLDT to Acquire Radius Telecoms for ₱2.935B; Q1 Core Income +2%

AI Summary

PLDT Inc. reported a 3% increase in Gross Service Revenues to ₱54.9 billion and a 2% rise in Core Income to ₱9.1 billion for Q1 2026. The Board also approved the acquisition of the remaining 65.1% equity interest in Radius Telecoms, Inc. for ₱2.935 billion, making it a wholly-owned subsidiary. Additionally, the company declared a cash dividend on preferred stock and announced the retirement of its CFO, Mr. Danny Y. Yu, effective May 31, 2026, along with other officer changes.

Key Highlights

PLDT Board approved acquisition of remaining 65.1% equity in Radius Telecoms for ₱2.935 billion.
Gross Service Revenues increased 3% to ₱54.9 billion in Q1 2026.
Core Income rose 2% to ₱9.1 billion for Q1 2026.
Consolidated EBITDA grew 2% to ₱28.3 billion, with EBITDA margin stable at 52%.
Q1 2026 CAPEX was ₱10 billion, down from ₱10.8 billion last year.
Wireless Consumer revenues were ₱21.0 billion; Enterprise Business revenues grew 4% to ₱12.4 billion.
Maya's deposit balance reached ₱76 billion (+73% YoY); loan book stood at ₱33 billion.
CFO Danny Y. Yu will retire effective May 31, 2026; an officer-in-charge will be appointed.
Cash dividend of ₱12,420,000.00 declared on Series IV Preferred Stock, payable June 15, 2026.

View SEC Filing

PHI

Telecommunications Equipment

PLDT Inc.

Price Impact