Results show top-line growth but margin compression from higher interconnect costs. The Radius acquisition strengthens fiber enterprise assets, but the related-party nature and $2.9B price tag require monitoring of closing conditions. With CFO departing, watch for any strategic or capital allocation shifts under the new finance leadership.
Price Chart
Executive Summary
PLDT reported Q1 2026 results with gross service revenues up 3% to Php54.9B, but net income attributable to equity holders declined 2% to Php8.869B due to higher interconnection costs and depreciation. The Board approved the acquisition of the remaining 65.1% of Radius Telecoms for Php2.935B in cash to consolidate fiber assets. CFO Danny Yu retired effective May 31, 2026, with Treasurer Leo Posadas named officer-in-charge.
Key Facts
- Gross service revenues +3% YoY to Php54.9B in Q1 2026
- Net income attributable to equity holders -2% YoY to Php8.869B
- Core income +2% to Php9.1B, but telco core income -2% to Php8.6B
- EBITDA +2% to Php28.3B, margin stable at 52%
- Board approved acquisition of remaining 65.1% of Radius Telecoms for Php2.935B cash
- CFO Danny Yu retiring May 31, 2026; Leo Posadas named officer-in-charge
Financial Impact
Php2.935B cash consideration for acquisition; quarterly net income Php8.869B down Php156M YoY
Risk Factors
- CFO transition may cause temporary uncertainty in financial stewardship
- Integration of Radius and realization of synergies are pending regulatory approvals
- Legacy service revenue decline continues to pressure net service revenue growth
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001193125-26-222909 |
| Document: 05.14.2026_board_meeting.htm | 0001193125-26-222909 |
| Document: 0001193125-26-222909-index-headers.html | 0001193125-26-222909 |
| Document: 0001193125-26-222909-index.html | 0001193125-26-222909 |
| Document: 0001193125-26-222909.txt | 0001193125-26-222909 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 9, 2026 19w ago | 6-K | $18.15 $18.15 | · 0.00% | ▼ −3.89% | $19.00 (+4.68%) |
Jun 9, 2026 19w ago | 6-K | $18.15 $18.15 | · 0.00% | ▼ −1.39% | $19.00 (+4.68%) |
Jun 5, 2026 20w ago | 6-K | $18.15 $18.15 | · 0.00% | ▼ −2.12% | $19.00 (+4.68%) |
May 22, 2026 22w ago | 6-K | $20.52 $18.15 | ▼ −11.55% | ▼ −10.13% | $19.00 (−7.41%) |
May 14, 2026 23w ago | 6-K | $20.52 $18.15 | ▼ −11.55% | ▼ −10.69% | $19.00 (−7.41%) |
May 14, 2026 23w ago | 6-K | $20.52 $18.15 | ▼ −11.55% | ▼ −10.69% | $19.00 (−7.41%) |
May 14, 2026 23w ago | 6-K | $20.52 $18.15 | ▼ −11.55% | ▼ −10.69% | $19.00 (−7.41%) |
Apr 27, 2026 26w ago | 20-F | $20.52 $20.52 | · 0.00% | ▼ −5.47% | $19.00 (−7.41%) |
Apr 1, 2026 29w ago | 6-K | $20.52 $20.52 | · 0.00% | ▼ −9.72% | $19.00 (−7.41%) |
US Market Status
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