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The telecommunications firm has been striving to resume trading at the Philippine Stock Exchange MANILA, Philippines — PT&T Corp. more than doubled its net income last year, thanks to stronger revenues driven by information technology services and lower expenses. The telecommunications firm has been gearing up for its stock market return .
PT&T disclosed that its net income surged by 131 percent to P18.28 million last year. This grew from P7.
91 million in 2023. Total revenues lifted the bottom line. The top line rose by 1.
43 percent to P536.29 million for the period. IT service revenues, in particular, were up 49 percent to P103.
89 million last year from P69.58 million. Broadband service revenues, meanwhile, slipped by 6 percent to P432.
4 million from P459.16 million. The improved income was also got support from a slowdown in general and administrative expenses.
This dropped by 35 percent to P182.21 million last year. “These results validate the strength of our business model and the caliber of our team,” PT&T acting president Angel Mercado said in a statement.
“PT&T is now operating with greater speed, focus, and agility—positioning us to scale smarter and deliver more meaningful solutions to customers in today’s evolving digital economy,” Mercado added. READ: PT&T on track to resume trading this semester For 2025, PT&T said it was “actively” looking at establishing new partnerships. The goal is to ramp up digital services, including cloud, cybersecurity and enterprise IT solutions.
PT&T is set to build a software laboratory in Makati this year with Netlinkz Ltd. The Australian firm has its cybersecurity tool that provides real-time response against threat actors and network monitoring, among others. Along with this, PT&T is eyeing to resume trading its shares on the local bourse within this first semester.
The company wants raise funds for expansion plans. PT&T filed for voluntary trading suspension on Dec. 13, 2004, because it could no longer meet the reportorial requirements of the PSE amid financial challenges.
The company has since erased its capital deficiency and even received fresh funding. Subscribe to our daily newsletter By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy .
In 2023, the company announced that it had increased capitalization by nearly P9 billion to fund its expansion. This includes the rollout of fiber optic infrastructure to scale up its footprint..
