Manila: Publicly-listed PLDT Inc. reported on Thursday a 2 percent rise in gross service revenues to PHP108.7 billion, and a 1 percent annual jump in net service revenues to PHP97.8 billion as of end-June 2026.

According to Philippines News Agency, in a disclosure with the Philippine Stock Exchange during the day, the telecommunications firm said bulk of the service revenues came from data and broadband services, at PHP84 billion, or about 86 percent of the total. Capital expenditures are lower in the first six months this year at PHP20.7 billion from last year's PHP27.4 billion. PLDT Chief Operating Officer and Chief Technology Officer Menardo Jimenez Jr., in a briefing in Makati City, stated the focus is on growth and network quality.

Jimenez expressed that they continued to prioritize investments that support growth and customer experience, including new cell sites, home fiber ports, artificial intelligence, submarine cables, and network and IT modernization. He projected that capital expenditures would be around the PHP50 billion range for this year, lower than the PHP60.3 billion in 2025, emphasizing the objective to bring CapEx intensity down over time while sustaining positive free cash flow and investing where the best returns are seen.

During the same briefing, PLDT Chairperson Manuel V. Pangilinan mentioned expectations for better results in the second half of the year, noting July's performance as a better month across the board. He indicated that businesses are generally anticipating an improved second half, and based on the July numbers produced, there is a basis for some complacency for the second half compared to the first half. However, he cautioned that the improvement observed in July may not necessarily translate into positive results for the entire year, as performance will largely depend on GDP growth expectations for the second half and the industry outlook.