PLDT Reports Q1 2026 Results, Plans Full Acquisition of Radius Telecoms

summarizeSummary

PLDT Inc. posted stable Q1 2026 results, announced plans to fully acquire Radius Telecoms, and faces potential costs from a finalized labor case amid new regulatory changes.

check_boxKey Events

• Q1 2026 Financial Performance

  Revenues increased by 2% to Php56,513 million, Core Income rose by 2% to Php9,093 million, and EBITDA grew by 2% to Php28,288 million. However, Net Income decreased by 2% to Php8,918 million, and Basic EPS also declined by 2% to Php40.98.

• Proposed Acquisition of Radius Telecoms

  PLDT's Board approved the proposed acquisition of the remaining 65.1% equity interest in Radius Telecoms from Paragon Vertical Corporation. PLDT currently owns 34.9%, and the acquisition would result in 100% ownership of the fiber optic network provider.

• Konektadong Pinoy Act Takes Effect

  The Konektadong Pinoy Act, which introduces an open-access regime in the data transmission sector and mandatory infrastructure sharing, became effective in September 2025. Management is evaluating its potential long-term impact on competitive intensity and financial performance.

• DOLE Compliance Order Finalized

  The Supreme Court denied PLDT's motion for partial reconsideration, affirming the remand of a labor case to the DOLE-NCR Regional Office to determine the effects of regularization and compute monetary awards for installation, repair, and maintenance workers.

auto_awesomeAnalysis

PLDT Inc. reported largely stable Q1 2026 financial results with slight increases in revenues and core income, while net income and EPS saw minor declines. The company announced a significant strategic move to acquire the remaining 65.1% stake in fiber optic network provider Radius Telecoms, aiming for 100% ownership. This consolidation is crucial given the new open-access regulatory environment introduced by the Konektadong Pinoy Act, which could intensify competition. Additionally, a Supreme Court decision finalized the remand of a labor case to determine regularization effects and monetary awards for certain workers, indicating potential future costs.