UMVA has learned that DITO CME HOLDINGS Corp. posted a dramatically larger net loss for the first quarter, as soaring costs eclipsed its revenue growth.
The telecom giant recorded an attributable net loss of P6.76 billion for January‑to‑March, a stark jump from the P1.66 billion deficit reported a year earlier.
Despite the loss, total revenues surged to P5.81 billion, climbing 23.9 % over the same period last year.
Service revenue drove the bulk of this topline, reaching P5.67 billion, while non‑service streams contributed a modest P143.15 million.
Expenses also inched higher, rising 0.81 % to P8.67 billion compared with P8.11 billion a year ago.
DITO CME, the parent of the nation’s third‑largest telecom provider, recently witnessed a significant share reshuffle by its ultimate owner, Udenna Corp.
Udenna sold a total of 210 million DITO CME shares in three tranches—75 million at 97 centavos each, another 75 million at 95 centavos, and 60 million at the same price—raising roughly P201 million.
The transaction trimmed Udenna’s stake to 48.81 % from 49.79 %.
Ownership filings reveal that Summit Telco Holdings Corp. now holds a 15.36 % interest, while its affiliate Summit Telco Corp. Pte. Ltd. controls 7.4 %.
Shares closed unchanged at 80 centavos each on Monday, reflecting the market’s cautious watch on the company’s financial turbulence.
