PLDT Reports Q1 2026 Results, Plans Full Acquisition of Radius Telecoms
PHI is trading near its 52-week low of $18.61 (6.0% above the low).
Summary
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.
Key Events · Earnings and Guidance · PHI
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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.
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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.
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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.
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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.
Analysis · PHI · Technology
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.
At the time of this filing, PHI was trading at $19.72 on NYSE in the Technology sector, with a market capitalization of approximately $4.3B. The 52-week trading range was $18.61 to $24.51. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.