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.