irasia.com


First Pacific Company Limited
(Incorporated with limited liability under the laws of Bermuda)

Wednesday, 7 March 2024

PLDT gross service revenues rose by 3% to ₱201.8b
net service revenues reach ₱191.4b in 2023 - another historic high excluding legacy businesses,
data net service revenues were up by 6%

Expenses lower by 2% or ₱1.5b from broad-based cost management

EBITDA rose to record high ₱104.3b in 2023, FY23 margin expanded to 52%

Telco core income up 3% to ₱34.3b, ahead of 2023 guidance

Data and broadband up 4% to ₱157.6b - 82% of consolidated service revenues

Fiber-only revenues grew 9% to all-time high ₱53b -
88% of total Home revenues, net adds 234k for FY 2023

Enterprise revenues at record-high of ₱47.1b driven by expansion in corporate data and ICT business

Wireless consumer mobile data revenues up by 6% to ₱71.1b data now 87% of wireless business
active data users grew to 39.0m

Smart ahead of competition with 57.8m mobile subscribers,
TNT leading SIM brand as of year-end 2023

Capex at ₱85.1b in 2023, lower by ₱11.7b in 2022

Final regular dividends of ₱46 per share
total dividends of ₱95 for 2023
effective payout of 60% of telco core income

PLDT further strengthens sustainability in operations

₱1.0b green loan facility secured for fiber upgrade

The attached press release was released today in Manila by PLDT Inc. ("PLDT"), in which First Pacific Group holds an economic interest of approximately 25.6%.

PLDT is the largest integrated telecommunications company in the Philippines. Its shares are listed on the Philippine Stock Exchange and its American Depositary Shares are listed on the New York Stock Exchange. Through its principal business groups - fixed line and wireless - PLDT offers a wide range of telecommunications and digital services across the Philippines' most extensive fiber optic backbone, and fixed line and mobile networks.

Further information on PLDT can be found at www.pldt.com.

* * *

For further information, please contact:
John RyanTel: +852 2842 4355
Associate DirectorMobile: +852 6336 1411
 
Sara Cheung Tel: +852 2842 4336
Vice President
Group Corporate Communications

For more information, please visit https://doc.irasia.com/listco/hk/firstpacific/press/p240307.pdf.

Source: First Pacific Company Limited
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