Recent Updates — PHTCF

Kayana Solutions Inc., a digital innovation company in which PLDT holds a 45% equity interest, completed its acquisition of 504,948 common shares of CIS Bayad Center Inc. from Manila Electric Company and its subsidiary Corporate Information Solutions Inc. for Php2.7 billion on November 3, 2026. The transaction results in Bayad becoming a wholly owned subsidiary of Kayana. PLDT operates as the largest telecommunications provider in the Philippines.

PLDT Inc. has appointed Isla Lipana & Co., the Philippine member firm of the PwC network, as its independent external auditor for financial statements prepared in accordance with Philippine Financial Reporting Standards (PFRS), effective November 2, 2026. The firm brings experience across PFRS, IFRS, U.S. GAAP, and PCAOB standards, having previously served as PLDT's principal external auditor from 1999 to 2001 under its former name. PLDT is the Philippines’ largest integrated telecommunications company, offering fixed-line, wireless, and digital services across an extensive fiber optic backbone.

PLDT Inc. reported unaudited consolidated financial results for the six months ended June 30, 2026, showing Gross Service Revenues growth of 2% to ₱108.7 billion and Net Service Revenues growth of 1% to ₱97.8 billion. Consolidated EBITDA rose 1% to ₱56.1 billion with a stable margin of 52%, while Core Income remained steady at ₱17.3 billion. The Board declared a regular cash dividend of P46.00 per outstanding share of Common Stock, payable on September 11, 2026, to holders of record as of August 28, 2026. PLDT operates in the telecommunications and digital services industry.

PLDT Inc. announced it will amend its Form 20-F for the fiscal year ended December 31, 2025, to correct prior period financial statement errors and acknowledge a material weakness in internal controls over financial reporting as of that date. The company identified deficiencies in accounting for structured hedge arrangements, specifically regarding the recycling of net fair value losses on cash flow hedges. Independent auditor SyCip Gorres Velayo & Co. (SGV) withdrew its audit opinions on both the internal controls and the financial statements contained in the original April 2026 filing, stating they can no longer be relied upon. Management plans to reclassify amounts from 'Other Expenses-net' to appropriate line items but expects these revisions not to materially affect reported net income, earnings per share, cash flows, or key operating metrics like EBITDA and EBIT. An independent review by the Audit Committee is ongoing to assess the errors and remediation measures. PLDT operates in the telecommunications industry, providing fixed-line, wireless, and digital services across the Philippines.