PLDT stock reports mixed second quarter results

PLDT stock delivered Q2 2026 revenue of PHP 55,493 million, up 2.2 percent year over year, while net profit fell 16.4 percent to PHP 7,616 million. The figures put revenue growth beside a sharper earnings squeeze in the quarter ended June 30, 2026.

Revenue grows as profit contracts

According to Frontier Market overview on September 15, 2026, PLDT's Q2 revenue reached PHP 55,493 million, compared with PHP 54,300 million a year earlier. Net margin declined to 13.7 percent from 16.8 percent, a 3.1 percentage point contraction.

The first-half picture was steadier. Revenue rose 2 percent to PHP 112,006 million, while net profit fell 6 percent to PHP 16,534 million from PHP 17,513 million in the prior-year period, according to the same report. The comparison shows that top-line expansion has not yet translated into matching earnings growth.

Cash discipline meets leverage

PLDT's adjusted EBITDA reached PHP 56,050 million in the first half of 2026, up 1 percent year over year, while first-half capital expenditure fell 30 percent to PHP 23,736 million, according to Yahoo Finance. Management also indicated that full-year capital expenditure would remain in the mid-PHP 50 billion range.

That investment reduction supports cash generation, but leverage remains a key counterweight. Net debt stood at PHP 286,396 million in the latest reported period, with trailing net debt to EBITDA at 4.69 times, according to Frontier Market overview.

Next report set for October 29

Investing.com lists October 29, 2026 as PLDT's next earnings date. The next report will show whether improving operating trends can offset the pressure visible in Q2 profit and margin.

Market value and trading identity

PLDT's market capitalization stood at USD 3.8 billion on September 30, 2026. Its 52-week range was USD 16.71 to USD 24.51, keeping valuation context tied to the New York Stock Exchange listing rather than the company's Philippine operating currency.