PLDT telco core net income edges up in 2024, Maya now profitable | ABS-CBN
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PLDT telco core net income edges up in 2024, Maya now profitable
PLDT telco core net income edges up in 2024, Maya now profitable
Arthur Fuentes,
ABS-CBN News
Published Feb 27, 2025 04:47 PM PHT

MANILA -- PLDT said its telco core net income reached P35.1 billion in 2024, up by 2 percent or P800 million from the previous year.
MANILA -- PLDT said its telco core net income reached P35.1 billion in 2024, up by 2 percent or P800 million from the previous year.
The telco giant said this amount excludes the impact of asset sales and losses from Maya Innovations Holdings. Reported income was at P32.3 billion in 2024, up 21 percent.
The telco giant said this amount excludes the impact of asset sales and losses from Maya Innovations Holdings. Reported income was at P32.3 billion in 2024, up 21 percent.
PLDT shareholders are set to receive a final dividend of P47 per share, which brings total dividends for 2024 to P97 per share, the company said in a disclosure to the stock exchange.
PLDT shareholders are set to receive a final dividend of P47 per share, which brings total dividends for 2024 to P97 per share, the company said in a disclosure to the stock exchange.
Most of PLDT's businesses recorded single-digit growth, except for its enterprise and fintech arms.
Most of PLDT's businesses recorded single-digit growth, except for its enterprise and fintech arms.
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The company said ePLDT’s cloud services grew by 30 percent, while managed IT services rose by 48 percent.
The company said ePLDT’s cloud services grew by 30 percent, while managed IT services rose by 48 percent.
"Revenues from wireless services likewise grew, with revenues from Internet of Things (IoT) services increasing by 313 percent, highlighting the company’s continued push towards next-generation digital capabilities," the company said.
"Revenues from wireless services likewise grew, with revenues from Internet of Things (IoT) services increasing by 313 percent, highlighting the company’s continued push towards next-generation digital capabilities," the company said.
Meanwhile, the PLDT group's fintech arm Maya attained profitability as early as September last year. Maya booked 5.4 million bank customers in 2024, which was 71 percent higher compared to the preceding year.
Meanwhile, the PLDT group's fintech arm Maya attained profitability as early as September last year. Maya booked 5.4 million bank customers in 2024, which was 71 percent higher compared to the preceding year.
"It recorded 1.6 million borrowers, nearly double the previous year’s figure. The company has also maintained the largest market share in card acquiring and QRPH transactions, underscoring its dominance in the payments sector," PLDT said.
"It recorded 1.6 million borrowers, nearly double the previous year’s figure. The company has also maintained the largest market share in card acquiring and QRPH transactions, underscoring its dominance in the payments sector," PLDT said.
Maya had a total deposit balance of P39 billion last year, which was 59 percent higher than in 2023. Cumulative loan disbursements also reached P92 billion.
Maya had a total deposit balance of P39 billion last year, which was 59 percent higher than in 2023. Cumulative loan disbursements also reached P92 billion.
PLDT said Maya's non-performing loan (NPL) ratio has consistently remained lower than industry averages,
PLDT said Maya's non-performing loan (NPL) ratio has consistently remained lower than industry averages,
"There are countless challenges and opportunities on the horizon—among them are AI, big data, and the transition to a completely digital native workforce. PLDT intends not just to survive the future, but to shape it," said PLDT and Smart chairman and CEO Manuel Pangilinan.
"There are countless challenges and opportunities on the horizon—among them are AI, big data, and the transition to a completely digital native workforce. PLDT intends not just to survive the future, but to shape it," said PLDT and Smart chairman and CEO Manuel Pangilinan.
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