PLDT Reports Flat Core Income, Declares Php46 Dividend
PHI sits 15% above its 52-week low of $17.05.
Summary
PLDT reported first-half 2026 revenue of Php112.0B (+2% YoY) and net income of Php16.5B (-6% YoY). Core income was flat at Php17.3B. The company declared a Php46 per share dividend.
Key Events · Earnings and Guidance · PHI
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First-Half 2026 Results
Revenue rose 2% to Php112,006M; net income fell 6% to Php16,534M; core income was flat at Php17,329M.
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Dividend Declared
Regular dividend of Php46 per common share, payable September 11, 2026 to shareholders of record August 28, 2026.
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VITRO REIT IPO Update
VITRO filed its PSE listing application on July 22, 2026, following the SEC registration statement filed June 20, 2026.
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Radius Acquisition Pending
The proposed acquisition of the remaining 65.1% of Radius Telecoms remains subject to definitive agreements and closing conditions.
Analysis · PHI · Technology
PLDT's first-half 2026 results show revenue growth of 2% but a 6% decline in net income, driven by higher expenses and foreign exchange losses. Core income was essentially flat, and telco core income fell 2%. The company declared a regular dividend of Php46 per share, consistent with prior periods. The filing also updates the VITRO REIT IPO and Radius acquisition, both previously announced but still pending. The results are in line with expectations and do not alter the investment thesis, but the dividend declaration and steady operational performance are notable for income-focused investors.
At the time of this filing, PHI was trading at $19.61 on NYSE in the Technology sector, with a market capitalization of approximately $4.3B. The 52-week trading range was $17.05 to $24.51. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.