ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailMenu BurgerPositive ArrowIcon PrintIcon SearchSite TitleTitle ChevronIcon Twitter


Company Background

PLDT is the county's dominant telecommunications carrier. The company commands around 70% of the fixed line segment and about two-thirds of the wireless cellular market via the Smart Communications, Talk 'N Text and Sun Cellular brands.PLDT also has a minority interest in business process outsourcing company SPI Global. Its business thrust in recent years has been aimed at becoming a multimedia company from a traditional telecommunications services provider. It has moved to increase its media assets in line with this goal.Through its trust fund, PLDT now controls two broadsheet newspapers, the Philippine Star and BusinessWorld, and has a minority stake in the Philippine Daily Inquirer. It also owns TV5, the nation's third-largest broadcaster. In August, the company made a 10% investment in Rocket Internet, a German startup engaged in e-commerce.PLDT is majority owned by First Pacific, a Hong Kong-listed company controlled by Indonesia's Salim Group. It is also backed by Japan's NTT group, which has an around 22% stake in the company. With 576-billion-peso ($12.8 billion) market capitalization at the end of 2013, PLDT is one of the Philippines' most valuable companies.

Business Summary

PLDT, Inc. engages in the provision of telecommunication services. It operates through the following segments: Wireless, Fixed Line, and Others. The Wireless segment consists of cellular through text messaging and wireless broadband. The Fixed Line segment offers fixed line telecommunications services throughout the country, servicing retail, corporate and small medium enterprise, or SME clients. The Other segments includes process solutions though subsidiaries. The company was founded on November 28, 1928 and is headquartered in Makati City, Philippines.

Financial Highlights

Dec 2018 PHPUSD
Gross Profit94,862M1,800.62M
Operating income15,895M301.71M
Income before tax22,815M433.06M
Net income18,916M359.05M
Diluted EPS87.501.66
Dividends Per Share721.36
Total Assets485,088M9,224.83M
Total liabilities368,422M7,006.21M
Total equity112,358M2,136.69M
Operating cash flow54,093M1,026.76M
Currency in PHPCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 170,835M 171,103M 165,262M 159,926M 164,752M
Gross Profit 95,626M 89,971M 83,048M 85,924M 94,862M
Operating income 45,378M 38,939M 27,021M 13,424M 15,895M
Income before tax 40,307M 23,397M 20,890M 14,569M 22,815M
Net income 34,091M 22,065M 20,006M 13,371M 18,916M
EBITDA 77,906M 71,534M 62,405M 66,174M 64,027M
Diluted EPS 157.51 101.85 92.32 61.61 87.50
Dividends Per Share 130 122 77 76 72
Total Assets 438,466M 457,208M 475,119M 460,826M 485,088M
Total liabilities 303,798M 343,310M 366,582M 349,643M 368,422M
Total equity 134,364M 113,608M 108,175M 106,842M 112,358M
Operating cash flow 63,274M 70,450M 47,254M 50,272M 54,093M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 3,848.62M 3,757.78M 3,480.11M 3,172.21M 3,127.24M
Gross Profit 2,154.29M 1,975.95M 1,748.83M 1,704.34M 1,800.62M
Operating income 1,022.28M 855.18M 569.01M 266.27M 301.71M
Income before tax 908.04M 513.84M 439.90M 288.98M 433.06M
Net income 768.01M 484.59M 421.28M 265.22M 359.05M
EBITDA 1,755.08M 1,571.03M 1,314.13M 1,312.59M 1,215.32M
Diluted EPS 3.54 2.23 1.94 1.22 1.66
Dividends Per Share 2.92 2.67 1.62 1.50 1.36
Total Assets 9,801.95M 9,716.45M 9,557.33M 9,231.29M 9,224.83M
Total liabilities 6,791.43M 7,295.93M 7,374.04M 7,004.06M 7,006.21M
Total equity 3,003.72M 2,414.36M 2,176.01M 2,140.26M 2,136.69M
Operating cash flow 1,425.45M 1,547.23M 995.08M 997.17M 1,026.76M

Valuation Measures

Dec 2018
Operating margin9.64%
Profit margin11.48%

Key executives

  • Chairman, President & Chief Executive Officer: Manuel Velez Pangilinan
  • Chief Financial & Risk Management Officer: Anabelle Lim-Chua
  • Chief Revenue Officer & Executive Vice President: Alfredo S. Panlilio
  • Senior Vice President & Head-Human Resources: Menardo G. Jimenez
  • Vice President: Ricardo Carpio Rodriguez


  • NTT DoCoMo, Inc. (14.5%)
  • Philippine Telecommunications Investment Corp. (12.0%)
  • First Pacific Co. Ltd. (9.9%)
  • JG Summit Holdings, Inc. (7.9%)
  • Nippon Telegraph & Telephone Corp. (5.8%)
  • Social Security System (4.4%)
  • Semilion Enterprises, Inc. (3.5%)
  • The Vanguard Group, Inc. (1.8%)
  • BlackRock Fund Advisors (1.0%)

Contact Details

  • Website:
  • Address: Ramon Cojuangco Building, Makati Avenue cor. Ayala Avenue, Makati City, 1200, Philippines
  • Phone: +63.2.816.8024

Related Companies

  • iCommerce Investments Pte Ltd.
  • FINTQnologies Corp.
  • Voyager Innovations Holdings Pte Ltd.
  • PLDT Global Investments Holdings Inc
  • PLDT Online Investments Pte Ltd.
  • Maranao Telephone Co., Inc.
  • PLDT Subic Telecom, Inc.
  • Smart-NTT Multimedia, Inc.
  • PLDT Retirement Fund
  • Wolfpac Mobile, Inc.
  • Bonifacio Communications Corp.
  • Smart Money, Inc.
  • Smart Money Holdings Corp.
  • PLDT Maratel, Inc.
  • PLDT Clark Telecom, Inc.
  • Vocativ Systems, Inc.
  • Parlance Systems, Inc.
  • ACeS Philippines Cellular Satellite Corp.
  • PLDT Global Corp.
  • netGames, Inc.
  • Beneficial Trust Fund
  • PLDT Beneficial Trust Fund
  • PLDT-Philcom, Inc.
  • GV Broadcasting System, Inc.
  • ABM Global Solutions, Inc.
  • Piltel International Holdings
  • Piltel (Cayman) Ltd.
  • ePLDT, Inc.
  • Smart Communications, Inc.
  • Subic Telecommunications Co.


  • Globe Telecom Inc.
  • Rakuten, Inc.
  • China Telecom Corp. Ltd. Class H
  • Microsoft Corporation
  • Alphabet Inc. Class A
  • Twitter, Inc.
  • LINE Corp.
  • Facebook, Inc. Class A
  • Singapore Telecommunications Limited
  • ABS-CBN Corporation
  • Xurpas Inc
  • GMA Network, Inc.
Last Updated on 17 Jan, 2020

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Get Unlimited access

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends January 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media