A surge in demand for fiber internet propelled a significant financial leap forward, with reported net income climbing nearly 10% to reach P11.86 billion. This growth reflects a period of robust expansion and a deepening connection with customers across the nation.
Total revenues experienced a double-digit increase, rising over 10% to P44.77 billion. The primary driver behind this success was a thriving residential customer base, contributing a substantial P37.33 billion to the overall revenue stream.
Beyond individual households, the company witnessed strong performance within its enterprise sector, particularly among small and medium-sized businesses. An expanding customer base in these segments fueled positive results and demonstrated broad market appeal.
Strategic investment in infrastructure played a crucial role in this success. A disciplined approach to capital deployment, focused on expanding the fiber network and enhancing service quality, directly contributed to the impressive financial outcomes.
Looking ahead, the company is charting a course for continued growth with a projected revenue increase of 8% to 10% this year. This ambition is underpinned by a focused expansion into previously underserved regions of the Visayas and Mindanao.
A substantial capital expenditure of P18 billion to P23 billion has been allocated to this expansion, specifically targeting the installation of 900,000 new ports. This investment signals a commitment to bridging the digital divide and extending high-speed connectivity to more Filipinos.
The focus isn’t solely on speed; the company is prioritizing network reliability and consistency. While already delivering an average speed of 193.61 megabits per second in Metro Manila, efforts are underway to enhance the overall user experience.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) also saw a healthy 10% increase, reaching P27 billion and maintaining a strong margin of 60.4%. This demonstrates efficient operations and effective cost management.
Despite the positive trajectory, the company anticipates a slight dip in EBITDA margins for the coming year, settling in the 58-59% range. This is a strategic move, allocating increased resources to marketing initiatives, customer loyalty programs, and essential network maintenance.
Recent market activity saw a slight adjustment in the company’s share price, closing at P13.20. However, the underlying fundamentals remain strong, reflecting a long-term commitment to delivering value and expanding access to vital digital infrastructure.
