15 May PT&T Rallies with 111% Net Income Surge, Sustained Profitability, and Growing IT Revenues
Key Highlights of 1Q 2025 (vs 1Q 2024)
- Total revenues increased by 9% year-on-year, driven by growth in IT Services.
- Core EBITDA maintained a healthy 10.85% margin.
- Net income improved by over 111%.
- Gross profit margin sustained at a robust 81%, reflecting operational efficiency.
PT&T Corp. (PSE:PTT) (“PT&T” or the “Company”) today announced its unaudited financial and operational results for the quarter ended March 31, 2025. The Company continued to deliver sustained profitability, improved margin performance, and steady top-line growth, reinforcing the strength of its strategic transformation.
Robust First Quarter Performance
PT&T posted a 9% year-on-year revenue increase in the first quarter of 2025, driven by continued momentum in the Information Technology Services (ITS) segment. This growth helped offset modest headwinds in broadband performance resulting from customer churn management, demonstrating PT&T’s resilience and sharpened focus on high-value, future-ready solutions.
Cost management remained a key focus during the quarter, with sales, general, and administrative expenses held at manageable levels—contributing to improved margin performance. While Core EBITDA reflected timing-related shifts in revenue recognition, the Company delivered a strong result with net income achieving a remarkable turnaround of over 111% year-on-year.
Segment Highlights and Strategic Progress
The Company’s segment performance demonstrated strong execution across both core and emerging business lines. Broadband Services remained the leading contributor, accounting for 77% of total revenues, with average revenue per user (ARPU) increasing by 15%, reflecting continued growth in higher-value enterprise accounts. The IT Services segment also delivered solid results, posting a 5% increase in revenues.
SecureLink Networks Inc., PT&T’s joint venture with Netlinkz Australia, continued to ramp up preparations for its commercial rollout. The venture is set to deliver enterprise-grade cybersecurity, managed connectivity solutions, and the advanced VSN+ platform across the Philippines through versatile communications infrastructure, including high-speed satellite internet.
“Our Q1 performance underscores the solid foundation PT&T has built,” said Angel S. Mercado, Acting President and SVP, Chief Revenue Officer. “These results reflect our continued commitment to executing a digital-first strategy while sustaining profitability. As we grow recurring revenues and expand our IT offerings, we are also enhancing operating leverage—positioning PT&T for the next phase of scalable, innovation-led growth.”
Strengthened Financial Position and Continued Recovery Momentum
As of March 31, 2025, PT&T reported a positive equity position, continuing to strengthen its balance sheet. The Company’s Debt-to-Asset Ratio improved to 0.97, and both current and quick ratios increased to 0.47 and 0.20, respectively—reflecting better liquidity and prudent working capital management.
PT&T remains in full compliance with its court-approved Corporate Rehabilitation Plan and is on track for a targeted full exit in 2025. Obligations tied to the rehabilitation process continue to be settled in accordance with approved schedules, affirming the Company’s commitment to financial discipline and operational integrity.
Outlook: Scaling Digital Infrastructure Nationwide
With the Philippine digital economy poised for continued acceleration, PT&T is well-positioned to scale its reach through strategic infrastructure investments across Metro Manila and CALABARZON, further expansion of enterprise IT and cybersecurity services, and sustained improvements in cost efficiency and service delivery.
PT&T remains focused on its long-term ambition: to become a nationwide, full-service digital infrastructure provider, committed to bridging the digital divide and enabling inclusive innovation across the country.
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Disclaimer on Forward-looking Statements and Information:
This disclosure contains forward-looking statements and forward-looking information in accordance with applicable laws in the Philippines. These statements and information are based on the current expectations, estimates, and assumptions of our management regarding future events. They are subject to certain risk factors and uncertainties, including those beyond our control, which may cause the actual results, financial situation, or performance to differ materially from the estimates or developments implied in these forward-looking statements. We undertake no obligation to update these forward-looking statements to reflect actual results, changes in assumptions, or changes in other factors affecting such statements, as required by Philippine laws and regulations.
About PT&T Corp. (PSE:PTT)
Incorporated in 1962, PT&T Corp. (previously known as Philippine Telegraph & Telephone Corporation) is a diversified telecommunications and information technology services provider. The Company caters to corporate, small/medium business, and residential segments across the Philippines. PT&T continues to specialize in adapting its services to the needs of enterprise and institutional end users. At present, PT&T’s business activities are categorized into two major businesses: Connectivity and IT Services.
Currently, PT&T has a network reach of 29,612 fiber kilometers in high-growth areas, covering almost 40% of the total Philippine population. The Company holds a 25-year National Legislative Franchise which allows it to establish, maintain, and operate both wired and wireless telecommunications systems for domestic and international communication. PT&T is a publicly listed company in the Philippine Stock Exchange.
For media inquiries or further information, please contact:
PT&T’s Investor Relations at [email protected] or visit https://www.ptt.com.ph or check @PTTFiberInternet on Facebook or LinkedIn.