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PLDT non-telco units driving growth

The Philippine Star

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May 16, 2025

Telco leader PLDT Inc. is seeing more growth from its non-telco units, particularly from digital bank Maya Group, at a time when demand for connectivity products is approaching saturation.

- By ELIJAH FELICE ROSALES

PLDT Inc. chairman, president and CEO Manuel V. Pangilinan yesterday said Maya is one of the bright spots for the telco this year, booking a profit of more than P300 million in the first quarter.

As a result, PLDT's share in Maya's equity earnings flipped to a gain of P127 million, from a net loss of around P400 million a year ago.

As of end-March, Maya has acquired 6.8 million customers to raise its deposit balance to P44 billion. Moreover, it is becoming a lender of choice for millions of Filipinos, loaning P120 billion to 1.8 million borrowers.

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