irasia.com - First Pacific Company Limited

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

Tuesday,, 13 August 2024

PLDT financial and operating results for
1H2024 with comparatives for 1H2023

Consolidated gross service revenues rose 4% to ₱103.4B in 1H24,
net service revenues grew 3% to ₱ 96.9B
excluding legacy revenues, net service revenues up 7%

Data/broadband now 83% of service revenues, up 4% to ₱ 80.5B

Consolidated EBITDA 3% higher at ₱ 53.9B
EBITDA margin at 52%

1H 2024 telco core income grew 3% to ₱ 18.014B
reported net income stable at ₱ 18.413B

Telco core EPS at ₱83; reported EPS at ₱85;
interim dividends of ₱50 per share,
representing 60% payout

Individual Wireless revenues higher by 4% at ₱41.9B
Mobile data revenues up 8% to ₱37.1B
active Mobile data users grew to 40.5M

Fiber-only revenues rose 7% to ₱27.6B
Home revenues stable at ₱ 30B
churn improved to 1.52%

Corporate data/ICT revenues up by 7% to ₱17.4B
Enterprise revenues 4% higher at ₱24B

1H2024 capex at ₱35.1B vs ₱40.8B last year
capex intensity at 34%

Maya Bank leads industry with 4M depositors and ₱32.8B deposits,
loans disbursed ltd ₱46.8B

PLDT is top PH telco on Fortune SEA 500 ranking

PLDT COP (communication on progress) reinforces commitment to United Nations Global Compact Principles

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 - from fixed line to wireless - PLDT offers a wide range of telecommunications and digital services across the Philippines’ most extensive fiber optic backbone, and fixed line and cellular networks.

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

* * *

For further information, please contact:

John Ryan Tel: +852 2842 4355

Associate Director Mobile: +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/p240813.pdf.

Source: First Pacific Company Limited

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For further information, please contact:
John Ryan	Tel: +852 2842 4355
Associate Director	Mobile: +852 6336 1411

Sara Cheung	Tel: +852 2842 4336
Vice President
Group Corporate Communications