PLDT reels from one-time charges, tough competition

MANILA, Philippines — Telco giant PLDT Inc. posted a 7-percent drop in profit in 2025, as lower noncore gains and higher nonrecurring charges offset modest revenue growth amid intense competition. PLDT’s net income fell to P30 billion last year from P32.31 billion in 2024, largely due to weaker foreign exchange and derivative gains. This came