# EDGAR Filing Document

**Accession Number:** 0000078150
**File Stem:** 0000950170-23-009347
**Filing Date:** 2023-3
**Character Count:** 71082
**Document Hash:** 94dfc114e83fead6f17d28b3194de767
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950170-23-009347.hdr.sgml**: 20230323

**ACCESSION NUMBER**: 0000950170-23-009347

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 4

**CONFORMED PERIOD OF REPORT**: 20230323

**FILED AS OF DATE**: 20230323

**DATE AS OF CHANGE**: 20230323

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PLDT Inc.
- **CENTRAL INDEX KEY:** 0000078150
- **STANDARD INDUSTRIAL CLASSIFICATION:** TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813]
- **IRS NUMBER:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-03006
- **FILM NUMBER:** 23754691

**BUSINESS ADDRESS:**
- **STREET 1:** RAMON CONJUANGCO BLDG
- **STREET 2:** MAKATI AVE
- **CITY:** MAKATI METRO MANILA
- **STATE:** R6
- **ZIP:** 0721
- **BUSINESS PHONE:** 0116328168553

**MAIL ADDRESS:**
- **STREET 1:** RAMON CONJUANGCO BLDG
- **STREET 2:** MAKATI AVE
- **CITY:** MAKATI METRO MANILA
- **STATE:** R6
- **ZIP:** 0721

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PHILIPPINE LONG DISTANCE TELEPHONE CO
- **DATE OF NAME CHANGE:** 19940303

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

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**FORM 6-K** 

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**REPORT OF FOREIGN ISSUER** 

**PURSUANT TO RULE 13a-16 OR 15d-16** 

**OF THE SECURITIES EXCHANGE ACT OF 1934** 

**For the month of March 2023**

**(Commission File No. 1-03006)** 

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**PLDT Inc.**

**(Translation of registrant's name into English)** 

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**Ramon Cojuangco Building**

**Makati Avenue**

**Makati City**

**Philippines**

 **(Address of registrant's principal executive office)** 

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Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F  Form 40-F 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101 (b) (1):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Yes  No 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101 (b) (7):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Yes  No 

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Yes  No 

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NOTE REGARDING FORWARD-LOOKING STATEMENTS

Some information in this report may contain forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934. We have based these forward-looking statements on our current beliefs, expectations and intentions as to facts, actions and events that will or may occur in the future. Such statements generally are identified by forward-looking words such as "believe," "plan," "anticipate," "continue," "estimate," "expect," "may," "will" or other similar words.

A forward-looking statement may include a statement of the assumptions or bases underlying the forward-looking statement. We have chosen these assumptions or bases in good faith. These forward-looking statements are subject to risks, uncertainties and assumptions, some of which are beyond our control. In addition, these forward-looking statements reflect our current views with respect to future events and are not a guarantee of future performance. Actual results may differ materially from information contained in the forward-looking statements as a result of a number of factors, including, without limitation, the risk factors set forth in "Item 3. Key Information – Risk Factors" in our annual report on Form 20-F for the fiscal year ended December 31, 2021. You should also keep in mind that any forward-looking statement made by us in this report or elsewhere speaks only as at the date on which we made it. New risks and uncertainties come up from time to time, and it is impossible for us to predict these events or how they may affect us. We have no duty to, and do not intend to, update or revise the statements in this report after the date hereof. In light of these risks and uncertainties, you should keep in mind that actual results may differ materially from any forward-looking statement made in this report or elsewhere.

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**EXHIBIT INDEX** 

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| | |
|:---|:---|
| **Exhibit** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 99.1<br>&nbsp;&nbsp;&nbsp;&nbsp; 99.2<br>&nbsp;&nbsp;&nbsp;&nbsp; 99.3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Copies of the disclosure letters that we filed today, March 23, 2023, by PLDT Inc. with the Philippine Securities and Exchange Commission, the Philippine Stock Exchange, Inc., and the Philippine Dealing and Exchange Corporation regarding the declaration by the Board of the following cash dividends out of the audited unrestricted retained earnings of the Company as at December 31, 2022, which are sufficient to cover the total amount of dividends declared:<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.Final regular cash dividend of ₱45 per outstanding share of Company's Common Stock, payable on April 21, 2023, to the holders of record of said stock at the close of business on April 11, 2023; and<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.Special cash dividend of ₱14 per outstanding share of Common Stock of the Company, payable on April 21, 2023, to the holders of record of said stock at the close of business on April 11, 2023.<br>Copies of the disclosure letters that were filed on March 23, 2023 by PLDT Inc. with the Philippine Securities and Exchange Commission, the Philippine Stock Exchange, Inc., and the Philippine Dealing and Exchange Corporation regarding the press release entitled "Update on the December 16, 2022 Disclosure."<br>Copies of the disclosure letters that were filed today, March 23, 2023, by PLDT Inc. with the Philippine Stock Exchange, Inc., the Philippine Securities and Exchange Commission, and the Philippine Dealing & Exchange Corporation in connection with the Company's audited consolidated financial results for the year ended December 31, 2022.<br>|

---

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**<u>SIGNATURES</u>** 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized.

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| | |
|:---|:---|
| PLDT Inc. | PLDT Inc. |
| By: | /s/Marilyn A. Victorio-Aquino<br>|
| Name: | Marilyn A. Victorio-Aquino |
| Title: | Corporate Secretary |

---

Date: March 23, 2023

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## Ex-99

**Exhibit 99.1**

---

| | |
|:---|:---|
| **Exhibit No.**  | **Exhibit** |
| &nbsp;&nbsp;99.1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Copies of the disclosure letters that we filed today, March 23, 2023, by PLDT Inc. with the Philippine Securities and Exchange Commission, the Philippine Stock Exchange, Inc., and the Philippine Dealing and Exchange Corporation regarding the declaration by the Board of the following cash dividends out of the audited unrestricted retained earnings of the Company as at December 31, 2022, which are sufficient to cover the total amount of dividends declared:<br>a. Final regular cash dividend of ₱45 per outstanding share of Company's Common Stock, payable on April 21, 2023, to the holders of record of said stock at the close of business on April 11, 2023; and <br>b. Special cash dividend of ₱14 per outstanding share of Common Stock of the <br>&nbsp;&nbsp;&nbsp;&nbsp;Company, payable on April 21, 2023, to the holders of record of said stock at <br>&nbsp;&nbsp;&nbsp;&nbsp; the close of business on April 11, 2023.<br>|

---

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March 23, 2023

**The Philippine Stock Exchange, Inc.**

6/F Philippine Stock Exchange Tower

28<sup>th</sup> Street corner 5<sup>th</sup> Avenue

Bonifacio Global City, Taguig City

Attention: Ms. Alexandra D. Tom Wong

<u>OIC - Disclosure Department</u>

**Securities and Exchange Commission**

Secretariat Building, PICC Complex

Roxas Boulevard, Pasay City

Attention: Mr. Vicente Graciano P. Felizmenio, Jr.

<u>Director – Markets and Securities Regulation Dept.</u>

**Philippine Dealing & Exchange Corporation**

29th Floor, BDO Equitable Tower

8751 Paseo de Roxas, Makati City 1226

Attention: Atty. Marie Rose M. Magallen-Lirio

<u>Head - Issuer Compliance and Disclosure Department</u> 

Gentlemen:

In compliance with Section 17.1 (b) of the Securities Regulation Code and SRC Rule 17.1.1.1.3(b).2, we submit herewith a copy of SEC Form 17-C regarding the declaration of regular and special cash dividends on all outstanding shares of Common Stock of PLDT Inc.

Very truly yours,

<u>/s/Marilyn A. Victorio-Aquino</u>

**Marilyn A. Victorio-Aquino**

Corporate Secretary

PLDT Inc.

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**COVER SHEET**

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| | | | | |
|:---|:---|:---|:---|:---|
| SEC Registration Number | SEC Registration Number | SEC Registration Number | SEC Registration Number | SEC Registration Number |
| **P** | **W** | **-** | **5** | **5** |

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Company Name

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **P** | **L** | **D** | **T** | **I** | **N** | **C.** |

---

Principal Office (No./Street/Barangay/City/Town/Province)

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| | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **R** | **A** | **M** | **O** | **N** |  | **C** | **O** | **J** | **U** | **A** | **N** | **G** | **C** | **O** | **B** | **U** | **I** | **L** | **D** | **I** | **N** | **G** |
| **M** | **A** | **K** | **A** | **T** | **I** |  | **A** | **V** | **E** | **N** | **U** | **E** |  |  |  |  |  |  |  |  |  |  |
| **M** | **A** | **K** | **A** | **T** | **I** |  | **C** | **I** | **T** | **Y** |  |  |  |  |  |  |  |  |  |  |  |  |

---

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Form Type | Form Type | Form Type | Form Type | Department requiring the report | Department requiring the report | Department requiring the report | Department requiring the report | Department requiring the report | Secondary License Type, If Applicable |
|  | **17** | **-** | **C** |  | **M** | **S** | **R** | **D** |  |

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**COMPANY INFORMATION**

<u>Company's Email Address</u>   <u>Company's Telephone Number/s</u>   <u>Mobile Number</u>   <br>            

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| | | |
|:---|:---|:---|
| No. of Stockholders | Annual Meeting<br>Month/Day | Fiscal Year<br>Month/Day |
| **11,424**<br>**As of February 28, 2023** | **Every 2nd Tuesday of June** | **December 31** |

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**CONTACT PERSON INFORMATION**<br> The designated contact person **<u>MUST</u>** be an Officer of the Corporation

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| | | | |
|:---|:---|:---|:---|
| Name of Contact Person | Email Address | Telephone Number/s | Mobile Number |
| **Marilyn A. Victorio-Aquino** | mvaquino@pldt.com.ph | **82500254** |  |
| Name of Contact Person | Email Address | Telephone Number/s | Mobile Number |

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Contact Person's Address

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**MGO Building, Legaspi St. corner Dela Rosa St., Makati City**<br>

**Note**: In case of death, resignation or cessation of office of the officer designated as contact person, such incident shall be reported to the Commission within thirty (30) calendar days from the occurrence thereof with information and complete contact details of the new contact person designated.

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SECURITIES AND EXCHANGE COMMISSION

CURRENT REPORT UNDER SECTION 17

OF THE SECURITIES REGULATION CODE

AND SRC RULE 17.1

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;1. | &nbsp;&nbsp;March 23, 2023 | &nbsp;&nbsp;March 23, 2023 |
|  | &nbsp;&nbsp;Date of Report (Date of earliest event reported) | &nbsp;&nbsp;Date of Report (Date of earliest event reported) |
| &nbsp;&nbsp;2. | &nbsp;&nbsp;SEC Identification Number PW-55 | &nbsp;&nbsp;SEC Identification Number PW-55 |
| &nbsp;&nbsp;3. | &nbsp;&nbsp;BIR Tax Identification No. 000-488-793 | &nbsp;&nbsp;BIR Tax Identification No. 000-488-793 |
| &nbsp;&nbsp;4. | &nbsp;&nbsp;PLDT Inc. | &nbsp;&nbsp;PLDT Inc. |
|  | &nbsp;&nbsp;Exact name of issuer as specified in its charter | &nbsp;&nbsp;Exact name of issuer as specified in its charter |
| &nbsp;&nbsp;5. | &nbsp;&nbsp;PHILIPPINES | &nbsp;&nbsp;6. ____________ (SEC Use Only) |
|  | &nbsp;&nbsp;Province, country or other jurisdiction of Incorporation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Industry Classification Code |
| &nbsp;&nbsp;7. | &nbsp;&nbsp;Ramon Cojuangco Building, Makati Avenue, Makati City | &nbsp;&nbsp;1200 |
|  | &nbsp;&nbsp;Address of principal office | &nbsp;&nbsp;Postal Code |
| &nbsp;&nbsp;8. | &nbsp;&nbsp;(632) 82500254 |  |
|  | &nbsp;&nbsp;Issuer's telephone number, including area code | &nbsp;&nbsp;Issuer's telephone number, including area code |
| &nbsp;&nbsp;9. | &nbsp;&nbsp;Not Applicable  |  |
|  | &nbsp;&nbsp;Former name or former address, if changed since last report | &nbsp;&nbsp;Former name or former address, if changed since last report |
| &nbsp;&nbsp;10. | &nbsp;&nbsp;Securities registered pursuant to Sections 8 and 12 of the Securities Regulation Code and Sections 4 and 8 of the Revised Securities Act | &nbsp;&nbsp;Securities registered pursuant to Sections 8 and 12 of the Securities Regulation Code and Sections 4 and 8 of the Revised Securities Act |

---

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| | |
|:---|:---|
| &nbsp;&nbsp;Title of Each Class | &nbsp;&nbsp;Number of Shares of Common Stock<br>Outstanding and Amount of Debt Outstanding |

---

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11. Item 9 (Other Events)

We disclose that at the meeting of the Board of Directors of PLDT Inc. (respectively, the "Board" and the "Company") held on March 23, 2023, the Board declared the following cash dividends out of the audited unrestricted retained earnings of the Company as at December 31, 2022, which are sufficient to cover the total amount of dividends declared:

a.Final regular cash dividend of ₱45 per outstanding share of Company's Common Stock, payable on April 21, 2023, to the holders of record of said stock at the close of business on April 11, 2023; and

b.Special cash dividend of ₱14 per outstanding share of Common Stock of the Company, payable on April 21, 2023, to the holders of record of said stock at the close of business on April 11, 2023.

Pursuant to the requirements of the Securities Regulation Code, the Company has duly authorized and caused this report to be signed on its behalf by the undersigned.

**PLDT Inc.**

By:

<u>/s/Marilyn A. Victorio-Aquino</u>

**Marilyn A. Victorio-Aquino**

Corporate Secretary

March 23, 2023

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 **Signatures**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

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| | | |
|:---|:---|:---|
|  |  | &nbsp;&nbsp;PLDT Inc.<br>|
| &nbsp;&nbsp;By | &nbsp;&nbsp;: | &nbsp;&nbsp;/s/ Marilyn A. Victorio-Aquino |
| &nbsp;&nbsp;Name | &nbsp;&nbsp;: | &nbsp;&nbsp;Marilyn A. Victorio-Aquino |
| &nbsp;&nbsp;Title | &nbsp;&nbsp;: | &nbsp;&nbsp;Corporate Secretary |

---

Date : March 23, 2023

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## Ex-99

**Exhibit 99.2**

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| | |
|:---|:---|
| **Exhibit No.**  | **Exhibit** |
| &nbsp;&nbsp;99.2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Copies of the disclosure letters that were filed on March 23, 2023 by PLDT Inc. with the Philippine Securities and Exchange Commission, the Philippine Stock Exchange, Inc., and the Philippine Dealing and Exchange Corporation regarding the press release entitled "Update on the December 16, 2022 Disclosure." |

---

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March 23, 2023

**The Philippine Stock Exchange, Inc.**

6/F Philippine Stock Exchange Tower

28<sup>th</sup> Street corner 5<sup>th</sup> Avenue

Bonifacio Global City, Taguig City

Attention: Ms. Alexandra D. Tom Wong

<u>OIC-Disclosure Department</u>

**Securities & Exchange Commission**

Secretariat Building, PICC Complex

Roxas Boulevard, Pasay City

Attention: Mr. Vicente Graciano P. Felizmenio, Jr.

<u>Director – Markets and Securities Regulation Dept</u>

**Philippine Dealing & Exchange Corporation**

29th Floor, BDO Equitable Tower

8751 Paseo de Roxas, Makati City 1226

Attention: Atty. Marie Rose M. Magallen-Lirio

<u>Head - Issuer Compliance and Disclosure Department</u>

Gentlemen:

In compliance with the PSE's Revised Disclosure Rules, we submit herewith PSE Disclosure Forms 4-30 and 4-31 in relation to the press release entitled "Update on the December 16, 2022 Disclosure."

This submission shall also serve as our compliance with Section 17.1 of the Securities Regulation Code regarding the filing of reports on significant developments.

Very truly yours,

<u>/s/Marilyn A.Victorio-Aquino</u>

Marilyn A. Victorio-Aquino

Corporate Secretary

PLDT Inc.

------

**COVER SHEET**

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| | | | | |
|:---|:---|:---|:---|:---|
| SEC Registration Number | SEC Registration Number | SEC Registration Number | SEC Registration Number | SEC Registration Number |
| **P** | **W** | **-** | **5** | **5** |

---

Company Name

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **P** | **L** | **D** | **T** | **I** | **N** | **C.** |

---

Principal Office (No./Street/Barangay/City/Town/Province)

---

| | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **R** | **A** | **M** | **O** | **N** |  | **C** | **O** | **J** | **U** | **A** | **N** | **G** | **C** | **O** | **B** | **U** | **I** | **L** | **D** | **I** | **N** | **G** |
| **M** | **A** | **K** | **A** | **T** | **I** |  | **A** | **V** | **E** | **N** | **U** | **E** |  |  |  |  |  |  |  |  |  |  |
| **M** | **A** | **K** | **A** | **T** | **I** |  | **C** | **I** | **T** | **Y** |  |  |  |  |  |  |  |  |  |  |  |  |

---

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Form Type | Form Type | Form Type | Form Type | Department requiring the report | Department requiring the report | Department requiring the report | Department requiring the report | Department requiring the report | Secondary License Type, If Applicable |
|  | **17** | **-** | **C** |  | **M** | **S** | **R** | **D** |  |

---

**COMPANY INFORMATION**

---

| | | |
|:---|:---|:---|
| Company's Email Address | Company's Telephone Number/s | Mobile Number |
| No. of Stockholders | Annual Meeting<br>Month/Day | Fiscal Year<br>Month/Day |
| **11,424**<br>**As of February 28, 2023** | **Every 2nd Tuesday of June** | **December 31** |

---

**CONTACT PERSON INFORMATION**<br> The designated contact person **<u>MUST</u>** be an Officer of the Corporation

---

| | | | |
|:---|:---|:---|:---|
| Name of Contact Person | Email Address | Telephone Number/s | Mobile Number |
| **Marilyn A. Victorio-Aquino** | mvaquino@pldt.com.ph  | **82500254** |  |
| Contact Person's Address | Contact Person's Address | Contact Person's Address | Contact Person's Address |
| **MGO Building, Legaspi St. corner Dela Rosa St., Makati City** | **MGO Building, Legaspi St. corner Dela Rosa St., Makati City** | **MGO Building, Legaspi St. corner Dela Rosa St., Makati City** | **MGO Building, Legaspi St. corner Dela Rosa St., Makati City** |

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**Note**: In case of death, resignation or cessation of office of the officer designated as contact person, such incident shall be reported to the Commission within thirty (30) calendar days from the occurrence thereof with information and complete contact details of the new contact person designated.

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SECURITIES AND EXCHANGE COMMISSION

CURRENT REPORT UNDER SECTION 17

OF THE SECURITIES REGULATION CODE

AND SRC RULE 17.1

1. March 23, 2023

Date of Report (Date of earliest event reported)

2. SEC Identification Number PW-55

3. BIR Tax Identification No. 000-488-793

4. PLDT Inc.

Exact name of issuer as specified in its charter

5. PHILIPPINES 6.____________ (SEC Use Only)

Province, country or other jurisdiction Industry Classification Code

of Incorporation

7. Ramon Cojuangco Building, Makati Avenue, Makati City 1200

&nbsp;&nbsp;&nbsp;&nbsp;Address of principal office Postal Code

8. (632) 82500254

Issuer's telephone number, including area code

9. Not Applicable

Former name or former address, if changed since last report

10. Securities registered pursuant to Sections 8 and 12 of the Securities Regulation Code and Sections 4 and 8 of the Revised Securities Act

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| | |
|:---|:---|
| &nbsp;&nbsp;Title of Each Class | &nbsp;&nbsp;Number of Shares of Common Stock<br>Outstanding and Amount of Debt Outstanding |

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________________________________________________________________

________________________________________________________________

________________________________________________________________

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**PLDT Inc.**

**TEL**

**PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and Sections 4.1 and 4.4 of the Revised Disclosure Rules**

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| |
|:---|
| &nbsp;&nbsp;**Subject of the Disclosure**  |
| &nbsp;&nbsp;&nbsp; <br>Update on the December 16, 2022 Disclosure.<br>|
| &nbsp;&nbsp;**Background/Description of the Disclosure**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**MANILA, Philippines 23rd March 2023 -**<br>•The Company's forensic review of the circumstances surrounding the elevated capital expenditure ("CapEx") commitments disclosed on December 16, 2022 is substantially complete. The review, which was conducted by external counsel with the assistance of accounting and audit consultants, focused on the period 2019-2022 and identified no evidence of fraud, intentional concealment, or bad faith conduct on the part of any employee of the Company and no basis to restate the Company's historical financial statements.<br>•The Company has adopted and implemented, or is in the process of implementing, various operational enhancements to its policies, procedures and controls relating to CapEx management processes.<br>•On December 16, 2022, the Company issued a disclosure about its elevated CapEx spend which included an estimated CapEx budget overrun of approximately PhP48 billion, net of advances to vendors. This amount represented management's estimate of the outstanding commitments to its major vendors for the acquisition of property and equipment post-2022 after the anticipated cancellation or amendment of certain outstanding purchase orders.<br>•The Company has completed discussions with its major vendors representing approximately 80% of its outstanding CapEx commitments as of December 31, 2022. That effort resulted in the Company's entry into Settlement and Mutual Release Agreements with its major vendors in March 2023. Those agreements have the effect of reducing the Company's outstanding commitments to these vendors for the acquisition of property and equipment post-2022 to approximately PhP33 billion, net of advances paid to these vendors. <br>•The Company plans to engage in similar discussions with non-major vendors to achieve similar results. <br>|
| &nbsp;&nbsp;**Other Relevant Information** |
| &nbsp;&nbsp;&nbsp; <br>Please refer to the attached press release. <br>This disclosure may contain some statements which constitute "forward-looking statements" that are subject to a number of risks and opportunities. Although PLDT believes that expectations reflected in any forward-looking statements are reasonable, it can give no guarantee of future performance, action or events. |

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**PLDT Inc.**

**TEL**

**PSE Disclosure Form 4-31 – Press Release References: SRC Rule 17 (SEC Form 17-C) and Section 4.4 of the Revised Disclosure Rules**

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| |
|:---|
| &nbsp;&nbsp;**Subject of the Disclosure**  |
| &nbsp;&nbsp;&nbsp; <br>Update on the December 16, 2022 Disclosure.<br>|
| &nbsp;&nbsp;**Background/Description of the Disclosure**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**MANILA, Philippines 23rd March 2023 -**<br>•The Company's forensic review of the circumstances surrounding the elevated capital expenditure ("CapEx") commitments disclosed on December 16, 2022 is substantially complete. The review, which was conducted by external counsel with the assistance of accounting and audit consultants, focused on the period 2019-2022 and identified no evidence of fraud, intentional concealment, or bad faith conduct on the part of any employee of the Company and no basis to restate the Company's historical financial statements.<br>•The Company has adopted and implemented, or is in the process of implementing, various operational enhancements to its policies, procedures and controls relating to CapEx management processes.<br>•On December 16, 2022, the Company issued a disclosure about its elevated CapEx spend which included an estimated CapEx budget overrun of approximately PhP48 billion, net of advances to vendors. This amount represented management's estimate of the outstanding commitments to its major vendors for the acquisition of property and equipment post-2022 after the anticipated cancellation or amendment of certain outstanding purchase orders.<br>•The Company has completed discussions with its major vendors representing approximately 80% of its outstanding CapEx commitments as of December 31, 2022. That effort resulted in the Company's entry into Settlement and Mutual Release Agreements with its major vendors in March 2023. Those agreements have the effect of reducing the Company's outstanding commitments to these vendors for the acquisition of property and equipment post-2022 to approximately PhP33 billion, net of advances paid to these vendors. <br>•The Company plans to engage in similar discussions with non-major vendors to achieve similar results. <br>|
| &nbsp;&nbsp;**Other Relevant Information** |
| &nbsp;&nbsp;&nbsp; <br>Please refer to the attached press release. <br>This disclosure may contain some statements which constitute "forward-looking statements" that are subject to a number of risks and opportunities. Although PLDT believes that expectations reflected in any forward-looking statements are reasonable, it can give no guarantee of future performance, action or events. |

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11. Item 9 (Other events)

Attached herewith is the press release entitled "Update on the December 16, 2022 Disclosure."

Pursuant to the requirements of the Securities Regulation Code, the Company has duly authorized and caused this Report to be signed on its behalf by the undersigned.

**PLDT INC.**

By:

<u>/s/Marilyn A. Victorio-Aquino</u>

Marilyn A. Victorio-Aquino

Corporate Secretary

March 23, 2023

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PLDT pressrelease

**<u>Update on the December 16, 2022 Disclosure</u>**

**MANILA, Philippines 23**<sup>rd</sup> **March 2023 -**

• The Company's forensic review of the circumstances surrounding the elevated capital expenditure ("CapEx") commitments disclosed on December 16, 2022 is substantially complete. The review, which was conducted by external counsel with the assistance of accounting and audit consultants, focused on the period 2019-2022 and identified no evidence of fraud, intentional concealment, or bad faith conduct on the part of any employee of the Company and no basis to restate the Company's historical financial statements.

• The Company has adopted and implemented, or is in the process of implementing, various operational enhancements to its policies, procedures and controls relating to CapEx management processes.

• On December 16, 2022, the Company issued a disclosure about its elevated CapEx spend which included an estimated CapEx budget overrun of approximately PhP48 billion, net of advances to vendors. This amount represented management's estimate of the outstanding commitments to its major vendors for the acquisition of property and equipment post-2022 after the anticipated cancellation or amendment of certain outstanding purchase orders.

• The Company has completed discussions with its major vendors representing approximately 80% of its outstanding CapEx commitments as of December 31, 2022. That effort resulted in the Company's entry into Settlement and Mutual Release Agreements with its major vendors in March 2023. Those agreements have the effect of reducing the Company's outstanding commitments to these vendors for the acquisition of property and equipment post-2022 to approximately PhP33 billion, net of advances paid to these vendors.

• The Company plans to engage in similar discussions with non-major vendors to achieve similar results.

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This press release may contain some statements which constitute "forward-looking statements" that are subject to a number of risks and opportunities that could affect PLDT's business and results of operations. Although PLDT believes that expectations reflected in any forward-looking statements are reasonable, it can give no guarantee of future performance, action or events.

For further information, please contact:

Melissa V. Vergel de Dios Cathy Y. Yang <br> pldt_ir_center@pldt.com.ph cyyang@pldt.com.ph

**About PLDT**

PLDT is the Philippines' largest integrated telco company. Through its principal business groups – from fixed line to wireless – PLDT offers a wide range of telecommunications and digital services across the Philippines' most extensive fiber optic backbone, and fixed line and cellular networks.

PLDT is listed on the Philippine Stock Exchange (PSE:TEL) and its American Depositary Shares are listed on the New York Stock Exchange (NYSE:PHI). PLDT has one of the largest market capitalizations among Philippine-listed companies.

Further information can be obtained by visiting www.pldt.com

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**Signatures**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly authorized and caused this report to be signed on its behalf by the undersigned.

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| | | |
|:---|:---|:---|
|  |  | &nbsp;&nbsp;PLDT Inc.<br>|
| &nbsp;&nbsp;By | &nbsp;&nbsp;: | &nbsp;&nbsp;/s/ Marilyn A. Victorio-Aquino |
| &nbsp;&nbsp;Name | &nbsp;&nbsp;: | &nbsp;&nbsp;Marilyn A. Victorio-Aquino |
| &nbsp;&nbsp;Title | &nbsp;&nbsp;: | &nbsp;&nbsp;Corporate Secretary |

---

Date : March 23, 2023

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## Ex-99

**Exhibit 99.3**

**EXHIBITS**

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;<u>Exhibit Number</u> |  | &nbsp;&nbsp;<u>Page</u> |
| &nbsp;&nbsp; <br>99.3<br>| &nbsp;&nbsp; <br>Copies of the disclosure letters that were filed today, March 23, 2023, by PLDT Inc. with the Philippine Stock Exchange, Inc., the Philippine Securities and Exchange Commission, and the Philippine Dealing & Exchange Corporation in connection with the Company's audited consolidated financial results for the year ended December 31, 2022. |  |

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March 23, 2023

**The Philippine Stock Exchange, Inc.**

6/F Philippine Stock Exchange Tower

28<sup>th</sup> Street corner 5<sup>th</sup> Avenue

Bonifacio Global City, Taguig City

Attention: Ms. Alexandra D. Tom Wong

<u>OIC-Disclosure Department</u>

**Securities & Exchange Commission**

Secretariat Building, PICC Complex

Roxas Boulevard, Pasay City

Attention: Mr. Vicente Graciano P. Felizmenio, Jr.

<u>Director – Markets and Securities Regulation Dept</u>

**Philippine Dealing & Exchange Corporation**

29th Floor, BDO Equitable Tower

8751 Paseo de Roxas, Makati City 1226

Attention: Atty. Marie Rose M. Magallen-Lirio

<u>Head - Issuer Compliance and Disclosure Department</u>

Gentlemen:

In compliance with the PSE's Revised Disclosure Rules, we submit herewith PSE Disclosure Forms 4-31 and 4-30 in connection with the Company's audited consolidated financial results for the year ended December 31, 2022.

This submission shall also serve as our compliance with Section 17.1 of the Securities Regulation Code regarding the filing of reports on significant developments.

Very truly yours,

<u>/s/Marilyn A. Victorio-Aquino</u>

Marilyn A. Victorio-Aquino

Corporate Secretary

PLDT Inc.

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**COVER SHEET**

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| | | | | |
|:---|:---|:---|:---|:---|
| SEC Registration Number | SEC Registration Number | SEC Registration Number | SEC Registration Number | SEC Registration Number |
| **P** | **W** | **-** | **5** | **5** |

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Company Name

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **P** | **L** | **D** | **T** | **I** | **N** | **C.** |

---

Principal Office (No./Street/Barangay/City/Town/Province)

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| | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **R** | **A** | **M** | **O** | **N** |  | **C** | **O** | **J** | **U** | **A** | **N** | **G** | **C** | **O** | **B** | **U** | **I** | **L** | **D** | **I** | **N** | **G** |
| **M** | **A** | **K** | **A** | **T** | **I** |  | **A** | **V** | **E** | **N** | **U** | **E** |  |  |  |  |  |  |  |  |  |  |
| **M** | **A** | **K** | **A** | **T** | **I** |  | **C** | **I** | **T** | **Y** |  |  |  |  |  |  |  |  |  |  |  |  |

---

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Form Type | Form Type | Form Type | Form Type | Department requiring the report | Department requiring the report | Department requiring the report | Department requiring the report | Department requiring the report | Secondary License Type, If Applicable |
|  | **17** | **-** | **C** |  | **M** | **S** | **R** | **D** |  |

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**COMPANY INFORMATION**

<u>Company's Email Address</u>   <u>Company's Telephone Number/s</u>   <u>Mobile Number</u>   <br>            

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| | | |
|:---|:---|:---|
| No. of Stockholders | Annual Meeting<br>Month/Day | Fiscal Year<br>Month/Day |
| **11,424**<br>**As of February 28, 2023** | **Every 2nd Tuesday of June** | **December 31** |

---

**CONTACT PERSON INFORMATION**<br> The designated contact person **<u>MUST</u>** be an Officer of the Corporation

---

| | | | |
|:---|:---|:---|:---|
| Name of Contact Person | Email Address | Telephone Number/s | Mobile Number |
| **Marilyn A. Victorio-Aquino** | **<u>mvaquino</u>**@pldt.com.ph | **82500254** |  |
| Name of Contact Person | Email Address | Telephone Number/s | Mobile Number |

---

Contact Person's Address

------

**MGO Building, Legaspi St. corner Dela Rosa St., Makati City**<br>

**Note**: In case of death, resignation or cessation of office of the officer designated as contact person, such incident shall be reported to the Commission within thirty (30) calendar days from the occurrence thereof with information and complete contact details of the new contact person designated.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**SECURITIES AND EXCHANGE COMMISSION**

CURRENT REPORT UNDER SECTION 17

OF THE SECURITIES REGULATION CODE

AND SRC RULE 17.1

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;1. | &nbsp;&nbsp;Marc 23, 2023 | &nbsp;&nbsp;Marc 23, 2023 |
|  | &nbsp;&nbsp;Date of Report (Date of earliest event reported) | &nbsp;&nbsp;Date of Report (Date of earliest event reported) |
| &nbsp;&nbsp;2. | &nbsp;&nbsp;SEC Identification Number PW-55 | &nbsp;&nbsp;SEC Identification Number PW-55 |
| &nbsp;&nbsp;3. | &nbsp;&nbsp;BIR Tax Identification No. 000-488-793 | &nbsp;&nbsp;BIR Tax Identification No. 000-488-793 |
| &nbsp;&nbsp;4. | &nbsp;&nbsp;PLDT Inc. | &nbsp;&nbsp;PLDT Inc. |
|  | &nbsp;&nbsp;Exact name of issuer as specified in its charter | &nbsp;&nbsp;Exact name of issuer as specified in its charter |
| &nbsp;&nbsp;5. | &nbsp;&nbsp;PHILIPPINES | &nbsp;&nbsp;6. ____________ (SEC Use Only) |
|  | &nbsp;&nbsp;Province, country or other jurisdiction of Incorporation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Industry Classification Code |
| &nbsp;&nbsp;7. | &nbsp;&nbsp;Ramon Cojuangco Building, Makati Avenue, MakatiCity  | &nbsp;&nbsp;1200 |
|  | &nbsp;&nbsp;Address of principal office | &nbsp;&nbsp;Postal Code |
| &nbsp;&nbsp;8. | &nbsp;&nbsp;(632) 82500254  |  |
|  | &nbsp;&nbsp;Issuer's telephone number, including area code | &nbsp;&nbsp;Issuer's telephone number, including area code |
| &nbsp;&nbsp;9. | &nbsp;&nbsp;Not Applicable  |  |
|  | &nbsp;&nbsp;Former name or former address, if changed since last report | &nbsp;&nbsp;Former name or former address, if changed since last report |
| &nbsp;&nbsp;10. | &nbsp;&nbsp;Securities registered pursuant to Sections 8 and 12 of the Securities Regulation Code and Sections 4 and 8 of the Revised Securities Act | &nbsp;&nbsp;Securities registered pursuant to Sections 8 and 12 of the Securities Regulation Code and Sections 4 and 8 of the Revised Securities Act |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Title of Each Class | &nbsp;&nbsp;Number of Shares of Common Stock<br>Outstanding and Amount of Debt Outstanding |

---

------

**PLDT Inc.**

**TEL**

**PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and Sections 4.1 and 4.4 of the Revised Disclosure Rules**

---

| |
|:---|
| &nbsp;&nbsp;**Subject of the Disclosure**  |
| &nbsp;&nbsp; <br>PLDT's audited consolidated financial results for the year ended December 31, 2022.<br>|
| &nbsp;&nbsp;**Background/Description of the Disclosure**  |
| &nbsp;&nbsp; <br>The highlights of PLDT's audited consolidated financial results for the year ended December 31, 2022 are as follows:<br>1.TELCO CORE INCOME UP 10% OR ₱2.9B TO ₱33.1B<br>2.CONSOLIDATED SERVICE REVENUES RISE BY ₱8.1B OR 4% TO ₱190.1B, A NEW ALL-TIME HIGH <br>3.CONSOLIDATED EBITDA BREACHES ₱100B FOR THE FIRST TIME<br>4.FIBER-ONLY REVENUES GROW BY ₱15B OR 45%TO ₱48.5B AS HOME BUSINESS ADDS 514,000 NEW FIBER CUSTOMERS, REPRESENTING 59% OF NEW FIBER CUSTOMERS AND REVENUE GROWTH OF THE INDUSTRY IN 2022<br>5.HOME TOTAL REVENUES ACCELERATES BY 20% TO ₱57.4B, A HISTORIC HIGH <br>6.ENTERPRISE LOGS HIGHEST-EVER REVENUES AT ₱47.5B <br>7.INDIVIDUAL WIRELESS REVENUES HIT ₱82B ON INCREASED MOBILITY<br>8.CAPEX AT ₱96.8B IN 2022, WILL BE LOWER IN 2023<br>9.SMART IS BEST MOBILE NETWORK IN 2022: OOKLA<br>10.FINAL REGULAR AND SPECIAL CASH DIVIDENDS OF ₱59 PER SHARE, TOTAL DIVIDENDS OF ₱134 FOR 2022, EFFECTIVE PAYOUT OF 88% OF TELCO CORE<br>|
| &nbsp;&nbsp;**Other Relevant Information** |
| &nbsp;&nbsp; <br>Please refer to the attached press release for the relevant details. <br>|

---

------

&nbsp;&nbsp;This disclosure may contain some statements which constitute "forward-looking statements" that are subject to a number of risks and opportunities. Although PLDT believes that expectations reflected in any forward-looking statements are reasonable, it can give no guarantee of future performance, action or events.<br>

**PLDT Inc.**

**TEL**

**PSE Disclosure Form 4-31 – Press Release** 

**References: SRC Rule 17 (SEC Form 17-C) and Section 4.4 of the Revised Disclosure Rules**

---

| |
|:---|
| &nbsp;&nbsp;**Subject of the Disclosure**  |
| &nbsp;&nbsp; <br>PLDT's audited consolidated financial results for the year ended December 31, 2022.<br>|
| &nbsp;&nbsp;**Background/Description of the Disclosure**  |
| &nbsp;&nbsp;&nbsp; <br>The highlights of PLDT's audited consolidated financial results for the year ended December 31, 2022 are as follows:<br>&nbsp;&nbsp;&nbsp;&nbsp;1.TELCO CORE INCOME UP 10% OR ₱2.9B TO ₱33.1B<br>&nbsp;&nbsp;&nbsp;&nbsp;2.CONSOLIDATED SERVICE REVENUES RISE BY ₱8.1B OR 4% TO ₱190.1B, A NEW ALL-TIME HIGH <br>&nbsp;&nbsp;&nbsp;&nbsp;3.CONSOLIDATED EBITDA BREACHES ₱100B FOR THE FIRST TIME<br>&nbsp;&nbsp;&nbsp;&nbsp;4.FIBER-ONLY REVENUES GROW BY ₱15B OR 45%TO ₱48.5B AS HOME BUSINESS ADDS 514,000 NEW FIBER CUSTOMERS, REPRESENTING 59% OF NEW FIBER CUSTOMERS AND REVENUE GROWTH OF THE INDUSTRY IN 2022<br>&nbsp;&nbsp;&nbsp;&nbsp;5.HOME TOTAL REVENUES ACCELERATES BY 20% TO ₱57.4B, A HISTORIC HIGH <br>&nbsp;&nbsp;&nbsp;&nbsp;6.ENTERPRISE LOGS HIGHEST-EVER REVENUES AT ₱47.5B <br>&nbsp;&nbsp;&nbsp;&nbsp;7.INDIVIDUAL WIRELESS REVENUES HIT ₱82B ON INCREASED MOBILITY<br>&nbsp;&nbsp;&nbsp;&nbsp;8.CAPEX AT ₱96.8B IN 2022, WILL BE LOWER IN 2023<br>&nbsp;&nbsp;&nbsp;&nbsp;9.SMART IS BEST MOBILE NETWORK IN 2022: OOKLA<br>&nbsp;&nbsp;&nbsp;&nbsp;10.FINAL REGULAR AND SPECIAL CASH DIVIDENDS OF ₱59 PER SHARE, TOTAL DIVIDENDS OF ₱134 FOR 2022, EFFECTIVE PAYOUT OF 88% OF TELCO CORE<br>|
| &nbsp;&nbsp;**Other Relevant Information** |
| &nbsp;&nbsp; <br>Please refer to the attached press release for the relevant details.<br>This disclosure may contain some statements which constitute "forward-looking statements" that are subject to a number of risks and opportunities. Although PLDT believes that expectations reflected in any forward-looking statements are reasonable, it can give no guarantee of future performance, action or events. |

---

------

11. Item 9 (Other events)

We disclose that at the meeting of the Board of Directors of PLDT Inc. (respectively, the "Board" and the "Company") held on March 23, 2023, the Board approved the Company's audited consolidated financial statements for year ended December 31, 2022, with the following highlights:

1. TELCO CORE INCOME UP 10% OR ₱2.9B TO ₱33.1B

2. CONSOLIDATED SERVICE REVENUES RISE BY ₱8.1B OR 4% TO ₱190.1B, A NEW ALL-TIME HIGH

3. CONSOLIDATED EBITDA BREACHES ₱100B FOR THE FIRST TIME

4. FIBER-ONLY REVENUES GROW BY ₱15B OR 45%TO ₱48.5B AS HOME BUSINESS ADDS 514,000 NEW FIBER CUSTOMERS, REPRESENTING 59% OF NEW FIBER CUSTOMERS AND REVENUE GROWTH OF THE INDUSTRY IN 2022

5. HOME TOTAL REVENUES ACCELERATES BY 20% TO ₱57.4B, A HISTORIC HIGH

6. ENTERPRISE LOGS HIGHEST-EVER REVENUES AT ₱47.5B

7. INDIVIDUAL WIRELESS REVENUES HIT ₱82B ON INCREASED MOBILITY

8. CAPEX AT ₱96.8B IN 2022, WILL BE LOWER IN 2023

9. SMART IS BEST MOBILE NETWORK IN 2022: OOKLA

10. FINAL REGULAR AND SPECIAL CASH DIVIDENDS OF ₱59 PER SHARE, TOTAL DIVIDENDS OF ₱134 FOR 2022, EFFECTIVE PAYOUT OF 88% OF TELCO CORE

A copy of the press release is attached herewith.

Pursuant to the requirements of the Securities Regulation Code, the Company has duly authorized and caused this report to be signed on its behalf by the undersigned.

**PLDT INC.**

By:

------

<u>/s/Marilyn A. Victorio-Aquino</u>

Marilyn A. Victorio-Aquino

Corporate Secretary

March 23, 2023

**PLDT pressrelease**

**TELCO CORE INCOME UP 10% OR ₱2.9B TO ₱33.1B**

**CONSOLIDATED SERVICE REVENUES RISE BY ₱8.1B OR 4%** 

**TO ₱190.1B, A NEW ALL-TIME HIGH** 

**CONSOLIDATED EBITDA BREACHES ₱100B FOR THE FIRST TIME**

**FIBER-ONLY REVENUES GROW BY ₱15B OR 45%TO ₱48.5B <br>AS HOME BUSINESS ADDS 514,000 NEW FIBER CUSTOMERS, <br>REPRESENTING 59% OF NEW FIBER CUSTOMERS <br>AND REVENUE GROWTH OF THE INDUSTRY IN 2022**

**HOME TOTAL REVENUES ACCELERATES BY 20%<br>TO ₱57.4B, A HISTORIC HIGH** 

**<br>ENTERPRISE LOGS HIGHEST-EVER REVENUES AT ₱47.5B** 

**INDIVIDUAL WIRELESS REVENUES HIT ₱82B ON INCREASED MOBILITY**

**CAPEX AT ₱96.8B IN 2022, WILL BE LOWER IN 2023**

**SMART IS BEST MOBILE NETWORK IN 2022: OOKLA**

**FINAL REGULAR AND SPECIAL CASH DIVIDENDS OF ₱59 PER SHARE, <br>TOTAL DIVIDENDS OF ₱134 FOR 2022, <br>EFFECTIVE PAYOUT OF 88% OF TELCO CORE**

**MANILA, Philippines 23**<sup>rd</sup> **March 2023 –** Despite the challenging industry and economic environment, PLDT Inc. (PSE: TEL) (NYSE: PHI) (PLDT) reported all-time high Service Revenues (net of interconnection costs) of ₱190.1 billion in 2022, up 4% compared with a year ago. In the fourth quarter of 2022, Consolidated Service Revenues grew by 4% or ₱2.0 billion to ₱48.2 billion, compared with the same period last year.

"Our core business remains to be sound, and continues to show solid EBITDA numbers," said Alfredo S. Panlilio, PLDT and Smart President and CEO. "We have an excellent network, strong brands and attractive products. Wireless is simplifying its portfolio, Home continues to expand beyond connectivity, and Enterprise is pursuing its digital transformation initiatives," he added.

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Consolidated EBITDA also reached an all-time high, growing 4% year-on-year to ₱100.5 billion, excluding Manpower Rightsizing Program expenses of ₱5.0 billion, driven by higher service revenues. This marks the first time the company breached the ₱100-billion mark. EBITDA margin was at 51% in 2022.

Data and broadband, which grew by 9% or ₱12.7 billion to ₱152.5 billion, contributed 80% of Consolidated Service Revenues.

Telco Core Income, excluding the impact of asset sales and Voyager Innovations, reached ₱33.1 billion, up 10% or ₱2.9 billion from last year. Reported Income decreased to ₱10.5 billion, mainly due to Accelerated Depreciation booked for the year.

Consolidated Net Debt as of end-December 2022 amounted to ₱225.7 billion while Net-Debt-to-EBITDA stood at 2.25x. Gross Debt was at ₱251.9 billion, with maturities well spread out. Only 17% of Gross Debt is denominated in US dollars and 5% is unhedged. PLDT maintained its credit ratings from Moody's and S&P Global at investment grade.

"We still have one of the highest EBITDA margins in the region, a good indicator of how well the core telco business is performing," Panlilio said.

**Tower deals: bringing down costs to serve, aligned with the government's digital infrastructure thrust**

In line with its transformation strategy and the Government's Common Tower Policy, the PLDT Group signed agreements for the sale and leaseback of a third portfolio of 650 towers for approximately ₱9.2 billion to Unity Digital Infrastructure Inc. ("Unity") in December 2022, and a fourth portfolio of 1,012 towers for over ₱12.1 billion to Frontier Tower Associates Philippines, Inc. ("Frontier") in March 2023.

Backed by Aboitiz InfraCapital and Partners Group, Unity is an established independent tower company in the Philippines and an existing partner of the PLDT Group. The 650 towers being monetized are primarily located in the Visayas and Mindanao. On the other hand, Frontier is a subsidiary of Pinnacle Towers Pte. Ltd., an Asia-focused digital infrastructure platform with a strong focus on the rapidly growing Philippines market, which KKR invested in during 2020. The 1,012 towers being monetized are primarily located in Luzon.

These transactions brought the total number of towers to be monetized via sale and leaseback transactions to over 7,500 for a total cash consideration of more than ₱98 billion, helping bring down costs to serve.

"These transactions represent another important milestone in our asset-light strategy focused on operational efficiencies and best-in-class customer experience, supportive of the government's digital roadmap for the Philippines," said Panlilio, a member of the Private Sector Advisory Council (PSAC) Digital Infrastructure group that supports the nation's development blueprint and digitalization agenda through the GoDigital Pilipinas movement.

In line with PLDT's dividend policy of paying out 60% of Telco Core Earnings, a final regular cash dividend of ₱45 per share will be paid out on April 21, 2023 to shareholders of record as of April 11, 2023. An interim regular dividend of ₱47 per share was paid in September 2022, bringing total regular dividends paid for 2022 earnings to ₱92 per share. In addition, a final special dividend of

------

₱14 per share will be paid together with the final regular dividend. This brings the total special dividend per share declared in relation to the sale of 5,907 towers to ₱42. Total regular and special dividends for 2022 amounts to ₱134 per share, representing an effective dividend payout of 88% of Telco Core Earnings.

**Home: sustaining upward momentum, led by record broadband customers** 

Driven by sustained execution in serving strong market demand, Home's fiber-only service revenues grew by 45%, or ₱15 billion, from ₱33.5 billion to a record ₱48.5 billion, capturing 59% of the total Fiber industry growth in 2022.

This brought total Home revenues to an all-time high of ₱57.4 billion for the full year 2022, up ₱9.6 billion, or 20%, marking the second consecutive year of double-digit revenue growth for the segment.

Despite multiple challenges in 2022, PLDT Home installed a total of 1.1 million new fiber customers and migrated 0.1 million customers to fiber for the full year 2022. Noting the continued growth of the Home business, Panlilio said, "We are looking to consolidate the broadband market, which has been our growth pillar for the past two years, while strengthening our position."

As of end-2022, PLDT had deployed 1.5 million fiber ports nationwide, bringing the total number of fiber ports to 6.08 million covering around 17,700 barangays. Port utilization for the year was at 60%.

As PLDT continued to connect more Filipinos nationwide to its fiber network, Ookla®, the company behind Speedtest® and the global leader in fixed broadband and mobile network testing applications and data analysis, consistently recognized PLDT as the Philippines' fastest broadband provider for five consecutive years.

PLDT Home's fiber subscribers as of end-December 2022 stood at 2.9 million, with 514,000 net additions for the year, capturing 59% of Fiber customer industry growth for 2022. Fiber-only revenues accounted for 84% of total Home revenues, up 70% compared with a year ago.

On March 16, 2023, PLDT entered into a Sale and Purchase Agreement with Sky Vision Corporation, ABS-CBN Corporation, and Lopez, Inc, for the proposed acquisition by PLDT of the broadband business and related assets of Sky Cable Corporation ("Sky"), through the purchase of 100% of Sky's total issued and outstanding capital stock, for a total consideration of ₱6.75 billion. The closing of the proposed transaction shall be subject to obtaining all applicable Government approvals and clearances, all required consents and corporate actions.

**Enterprise: powering ahead with data and solutions, scales highest-ever revenues**

PLDT Enterprise logged its highest-ever revenues, with data and solutions continuing to drive growth. In 2022, Enterprise revenues grew by ₱3.5 billion or 8% to ₱47.5 billion.

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Enterprise's Fixed business performed at an all-time high, driven by high-capacity data demand, while its Wireless business, despite challenges, displayed consistent growth, driven by its technology solutions portfolio. Record data center performance, on the other hand, boosted its ICT segment along with strong growth in its cloud business. This market-leading performance has solidified PLDT Enterprise's position as the most trusted digital transformation partner for the enterprise market, including small and medium businesses and government. Strengthening its foothold as the country's Data Center powerhouse and "Home of Hyperscalers", Enterprise's

investments in the Jupiter, Asia Direct, and Apricot cable systems will help cover diverse industry future requirements for massive data capacity and high-speed connectivity.

Findings from a Net Promoter Score (NPS) survey conducted by a third-party firm showed that PLDT Enterprise has surpassed competition in terms of overall customer experience, growing to 37 points, bolstered by strengthened relationships with customers, faster turnaround time for proposals, and increased adoption of digital solutions. The score goes even as high at plus-52 for customers subscribed to ePLDT services or ICT solutions.

"ePLDT is going to be an important growth pillar, and we want to be a significant player in the cloud business in Southeast Asia," said Victor Genuino, ePLDT President and CEO.

ePLDT's Vitro data center network is also reinforcing its leadership in the local data center industry with the ongoing construction of its PLDT's 11<sup>th</sup> Data Center in Sta Rosa, Laguna. Vitro is ready to serve local clients as well as global hyperscalers. Genuino added, "we continue to enhance our competency and capabilities in the cloud and cybersecurity space to better serve the ICT needs of our customers, now and in the future."

**Individual Wireless: defying strong headwinds with improving revenues**

PLDT's Individual Wireless segment posted ₱82 billion in revenues in 2022, driven by 2% growth in Data Revenues. Individual Wireless revenues however declined by 5%.

Faced with even higher inflation and tighter competition in the fourth quarter, the Individual Wireless segment registered ₱20.4 billion of revenues in the fourth quarter of 2022, steady versus the third quarter, buoyed by more competitive flagship offers and promos that were able to ride the Christmas uplift such as Power All and Double Giga, while at the same time leveraging Smart's latest recognition as the country's Best Mobile Network, according to Ookla.

Combined revenues of Smart Prepaid, Smart Postpaid and Smart Bro grew by 2% in the fourth quarter alone, versus the previous quarter.

Smart Prepaid drove the Prepaid segment's growth momentum, while Smart Bro Pocket Wifi revenues more than doubled with new offers capitalizing on increased mobility as more people returned to work and traveled. TNT prepaid, being a value brand that caters to the mass market, was more impacted by rising inflation and tightening wallets during the second half of the year. Smart Prepaid has also been leveraging its partnership with Maya to drive more top-ups, whereas Smart Live events with local and international music acts such as Ben & Ben, Eraserheads and South Korean boy band Seventeen helped Smart attract subscribers from competitors.

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Total Postpaid (Smart and Sun), on the other hand, registered growth in the fourth quarter led by the stellar double-digit growth of Smart Postpaid on the back of new flagship devices and competitive plans. Smart Postpaid ended 2022 with 6% full year growth.

Towards the end of 2022, after months of preparation with Government and industry partners, Smart launched its SIM Registration efforts in compliance with the law, unveiling its online SIM registration portal on December 27 and rolling out on-ground initiatives to help more subscribers register their SIMs. Smart has been recognized by the National Telecommunications

Commission as providing the industry best practice for SIM Registration by putting in place the best solutions to make SIM registration easy, convenient, and rewarding for its subscribers.

Underpinning this level of performance is Smart's wireless network, which has been cited by Ookla as the Philippines' Best Mobile Network for 2022.To earn this citation, a mobile operator must lead in two crucial Ookla Speedtest Awards<sup>TM</sup> categories, namely Fastest Mobile Network and Best Mobile Coverage, for all quarters of 2022. Mobile data traffic grew 14% to 1,230 petabytes in the fourth quarter from previous quarter.

**Network: enabling digital buildout, maximizing investments** 

Powering the nation's digitalization aspirations, the PLDT Group has further expanded its total fiber footprint to approximately 1.1 million kilometers, consisting of over 231,000 kilometers of international fiber and around 866,000 kilometers of domestic fiber as of end-2022. Homes passed reached some 17.2 million homes in 68% of the country's cities and municipalities.

PLDT's fiber infrastructure supports Smart's approximately 76,500 base stations, including more than 7,200 5G base stations and close to about 38,800 4G/LTE base stations deployed nationwide. Smart's network covers 97% of the population with 3G, LTE, and 5G.

**Maya: leveraging digital banking advantage to accelerate growth**

For consumers, the Maya app combines the power of an e-wallet with best-in-class savings, instant credit, and cryptocurrency under one seamless and gamified experience. Today, it is the number-1 digital banking app in the Philippines, with 1.5 million bank customers and ₱14.7 billion in deposit balances as of December 31, 2022.

Maya Business offers integrated payment solutions and embedded banking for enterprises, serving the Philippines' largest e-commerce platforms, everyday merchants, government, and micro, small, and medium-sized enterprises (MSMEs). It is the country's top merchant payments processor and the leader in QR Ph for retail payments in 2022 based on BancNet data.

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In 2022, Maya started offering credit to consumers and micro, small, and medium-sized enterprises (MSMEs). It is fast growing its loan portfolio, having disbursed over ₱3 billion over a period of six months to new credit customers while still on a by-invite access mode as of December 31, 2022.

**Sustainability: forging ahead towards becoming the region's leading ESG Telco**

PLDT Group forged ahead in its sustainability journey in 2022, making great strides in its Environmental, Social and Governance (ESG) initiatives. Sustainability continues to be central to PLDT's business and a key pillar to its overall transformation.

Under the Environment pillar, PLDT is following through on its commitment to reduce its greenhouse gas (GHG) emissions.

Following the activation of its solar rooftop panels in Cebu, Iloilo, Bacolod and Roxas City in the third quarter of 2022, PLDT recorded a reduction of 137.07 tons in greenhouse gases—equivalent to 6,300 trees planted and realizing ₱0.9 million in opex savings.

Under the Social pillar, the Group has also continued empowering communities and its own employees.

Promoting digital inclusion, Smart's value brand TNT unveiled its 'Affordaloads' promos, which offer mobile data access for as low as ₱10 for 3 days or ₱3.33 per day, helping low-income Filipinos stay connected and entertained amid rising inflation—which is core to TNT's brand promise to bring saya or joy to Filipinos.

PLDT and Smart have also bolstered their cybersecurity measures, safeguarding customers and children 24/7. As of end-2022, PLDT and Smart's Cyber Security Operations Group (CSOG) thwarted more than 182 million cyber-attacks and breach attempts. Supporting the government in improving the online security of Filipinos, Smart has also ramped-up its SIM Registration initiatives across the country.

PLDT and Smart remain hard at work to end online sexual abuse and exploitation of children (OSAEC). In 2022, the PLDT Group foiled more than 1.3 billion attempts to access URLs that show child sexual abuse materials (CSAM).

Under the Governance pillar, the PLDT Group continues to align with global best practices. A testament to this is PLDT's inclusion in the latest ASEAN Asset Class in the ASEAN Corporate Governance Scorecard (ACGS) for 2021. PLDT is also among the top 80 Philippine public listed companies recognized at the ACGS Golden Arrow Awards.

PLDT also achieved significant score improvements in its latest ESG ratings by global organizations S&P Global, MSCI ESG, and CDP in 2022. These independent ESG assessments measure the performance of companies in terms of transparency and management of ESG risks and opportunities, providing relevant sustainability-oriented insights and benchmarks among shareholders and investors.

**Outlook: stronger in adversity, more lives to uplift**

"We breached ₱100 billion in EBITDA for the first time in 2022, and we will only continue to grow from there. We are looking to increase our revenues by mid-single digit and Capex will recalibrate

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to between ₱80-85 billion. We have issued today a separate update on our disclosure last December 16, 2022 regarding Capex," Panlilio said.

"We anticipate providing core income guidance for 2023 in May when we release our first quarter 2023 results," Panlilio stated.

PLDT Chairman Manuel V Pangilinan emphasized that these targets can only be achieved by improving the company's processes and controls and looking at digital businesses that can enhance the value of PLDT.

"2022 demanded practically everything that we had. Despite the adversities, I remain convinced that PLDT will not only survive but thrive; our core business is strong; and our people endured, inspired by our singular mission of safeguarding and enhancing shareholder value. As we approach PLDT's 100<sup>th</sup> year, we forge ahead in pursuit of the Group's North Star—enabling a digital life for every Filipino and improving lives," said Pangilinan.

x x x

This press release may contain some statements which constitute "forward-looking statements" that are subject to a number of risks and opportunities that could affect PLDT's business and results of operations. Although PLDT believes that expectations reflected in any forward-looking statements are reasonable, it can give no guarantee of future performance, action or events.

For further information, please contact:

Melissa V. Vergel de Dios Cathy Y. Yang <br> pldt_ir_center@pldt.com.ph cyyang@pldt.com.ph

**About PLDT**

PLDT is the Philippines' largest integrated telco company. Through its principal business groups – from fixed line to wireless – PLDT offers a wide range of telecommunications and digital services across the Philippines' most extensive fiber optic backbone, and fixed line and cellular networks.

PLDT is listed on the Philippine Stock Exchange (PSE:TEL) and its American Depositary Shares are listed on the New York Stock Exchange (NYSE:PHI). PLDT has one of the largest market capitalizations among Philippine-listed companies.

Further information can be obtained by visiting www.pldt.com

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**PLDT INC. AND SUBSIDIARIES**

**CONSOLIDATED STATEMENTS** **OF FINANCIAL POSITION**

**As at December 31, 2022 and 2021**

**(in million pesos)**

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| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;**2022** | &nbsp;&nbsp;2021 |
| **ASSETS** | **ASSETS** | **ASSETS** |
| **Noncurrent Assets** |  |  |
| Property and equipment  | **292745** | 302736 |
| Right-of-use assets  | **28863** | 20081 |
| Investments in associates and joint ventures  | **51546** | 53364 |
| Financial assets at fair value through profit or loss  | **432** | 339 |
| Debt instruments at amortized cost – net of current portion  | **596** | 400 |
| Investment properties  | **1015** | 929 |
| Goodwill and intangible assets  | **64549** | 62535 |
| Deferred income tax assets – net  | **17636** | 13385 |
| Derivative financial assets – net of current portion  | **81** | 48 |
| Prepayments – net of current portion  | **81053** | 94777 |
| Contract assets – net of current portion  | **662** | 566 |
| Other financial assets – net of current portion  | **3489** | 3099 |
| Other non-financial assets – net of current portion | **166** | 138 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Noncurrent Assets | **542833** | 552397 |
| **Current Assets** |  |  |
| Cash and cash equivalents  | **25211** | 23907 |
| Short-term investments  | **383** | 2241 |
| Trade and other receivables  | **26255** | 21790 |
| Inventories and supplies  | **3568** | 3662 |
| Current portion of contract assets  | **1571** | 1685 |
| Current portion of derivative financial assets  |  | 93 |
| Current portion of debt instruments at amortized cost  |  | 207 |
| Current portion of prepayments  | **14696** | 12707 |
| Current portion of other financial assets  | **206** | 7064 |
| Current portion of other non-financial assets | **668** | 575 |
|  | **72558** | 73931 |
| Assets classified as held-for-sale  | **8771** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Current Assets | **81329** | 73931 |
| **TOTAL ASSETS** | **624162** | 626328 |
| **EQUITY AND LIABILITIES** | **EQUITY AND LIABILITIES** | **EQUITY AND LIABILITIES** |
| **Equity** |  |  |
| Non-voting serial preferred stock  | **360** | 360 |
| Voting preferred stock  | **150** | 150 |
| Common stock  | **1093** | 1093 |
| Treasury stock  | **(6505)** | (6505) |
| Capital in excess of par value  | **130312** | 130312 |
| Retained earnings  | **18799** | 34243 |
| Other comprehensive loss  | **(35482)** | (36437) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Equity Attributable to Equity Holders of PLDT | **108727** | 123216 |
| Noncontrolling interests  | **5234** | 4249 |
| **TOTAL EQUITY** | **113961** | 127465 |

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**PLDT INC. AND SUBSIDIARIES**

**CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (continued)**

**As at December 31, 2022 and 2021**

**(in million pesos)**

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| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;**2022** | &nbsp;&nbsp;2021 |
| **Noncurrent Liabilities** |  |  |
| Interest-bearing financial liabilities – net of current portion | **217288** | 241075 |
| Lease liabilities – net of current portion  | **31958** | 17131 |
| Deferred income tax liabilities – net  | **204** | 169 |
| Derivative financial liabilities – net of current portion  | **190** | 100 |
| Customers' deposits  | **2313** | 2270 |
| Pension and other employee benefits  | **1745** | 7760 |
| Deferred credits and other noncurrent liabilities  | **9501** | 6084 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Noncurrent Liabilities | **263199** | 274589 |
| **Current Liabilities** |  |  |
| Accounts payable  | **105187** | 99718 |
| Accrued expenses and other current liabilities  | **93545** | 106113 |
| Current portion of interest-bearing financial liabilities  | **32292** | 11482 |
| Current portion of lease liabilities  | **10477** | 4555 |
| Dividends payable  | **1821** | 1708 |
| Current portion of derivative financial liabilities  | **960** | 115 |
| Income tax payable | **982** | 583 |
|  | **245264** | 224274 |
| Liabilities associated with assets classified as held-for-sale  | **1738** | **—** |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Current Liabilities | **247002** | 224274 |
| **TOTAL LIABILITIES** | **510201** | 498863 |
| **TOTAL EQUITY AND LIABILITIES** | **624162** | 626328 |

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**PLDT INC. AND SUBSIDIARIES**

**CONSOLIDATED INCOME STATEMENTS**

**For the Years Ended December 31, 2022, 2021 and 2020**

**(in million pesos, except earnings per common share amounts which are in pesos)**

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| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**2022** | &nbsp;&nbsp;2021 | &nbsp;&nbsp;2020 |
| **REVENUES FROM CONTRACTS WITH CUSTOMERS** |  |  |  |
| Service revenues  | **196227** | 185751 | 173634 |
| Non-service revenues  | **9018** | 7506 | 7370 |
|  | **205245** | 193257 | 181004 |
| **EXPENSES** |  |  |  |
| Depreciation and amortization  | **98714** | 52169 | 47480 |
| Selling, general and administrative expenses  | **85304** | 78303 | 75255 |
| Cost of sales and services  | **14517** | 13341 | 12295 |
| Asset impairment  | **6107** | 4985 | 7646 |
| Interconnection costs | **6104** | 3698 | 2146 |
|  | **210746** | 152496 | 144822 |
|  | **(5501)** | 40761 | 36182 |
| **OTHER INCOME (EXPENSES) – NET** | **19010** | (6607) | (3161) |
| **INCOME BEFORE INCOME TAX** | **13509** | 34154 | 33021 |
| **PROVISION FOR INCOME TAX**  | **2774** | 7478 | 8441 |
| **NET INCOME** | **10735** | 26676 | 24580 |
| **ATTRIBUTABLE TO:** |  |  |  |
| Equity holders of PLDT  | **10485** | 26367 | 24284 |
| Noncontrolling interests | **250** | 309 | 296 |
|  | **10735** | 26676 | 24580 |
| **Earnings Per Share Attributable to Common Equity Holders of PLDT** |  |  |  |
| Basic | **48.26** | 121.76 | 112.12 |
| Diluted | **48.26** | 121.76 | 112.12 |

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| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**PLDT Consolidated** | &nbsp;&nbsp;**PLDT Consolidated** | &nbsp;&nbsp;**PLDT Consolidated** |
|  | &nbsp;&nbsp;**Full Year** | &nbsp;&nbsp;**Full Year** | &nbsp;&nbsp;**Full Year** |
| &nbsp;&nbsp;(Php in mn) | &nbsp;&nbsp;**2022** | &nbsp;&nbsp;**2021** | &nbsp;&nbsp;**% Change** |
| &nbsp;&nbsp;Total revenues | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;205245  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;193257  | &nbsp;&nbsp;6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service revenues (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;196227  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;185751  | &nbsp;&nbsp;6% |
| &nbsp;&nbsp;**Expenses** (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**210746**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**152496**  | &nbsp;&nbsp;**38%** |
| &nbsp;&nbsp;**EBITDA, exMRP** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**100478**  | &nbsp;&nbsp;**&nbsp;&nbsp;&nbsp;&nbsp; 96169**  | &nbsp;&nbsp;**4%** |
| &nbsp;&nbsp;&nbsp;EBITDA Margin | &nbsp;&nbsp;51% | &nbsp;&nbsp;52% |  |
| &nbsp;&nbsp;Income before Income Tax  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13509  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34154  | &nbsp;&nbsp;(60%) |
| &nbsp;&nbsp;Provision for Income Tax  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2774  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7478  | &nbsp;&nbsp;(63%) |
| &nbsp;&nbsp;**Net Income - Attributable to Equity Holders of PLDT** | &nbsp;&nbsp;**&nbsp;&nbsp;&nbsp;&nbsp; 10485**  | &nbsp;&nbsp;**&nbsp;&nbsp;&nbsp;&nbsp; 26367**  | &nbsp;&nbsp;**(60%)** |
| &nbsp;&nbsp;**Telco Core Income** (c) | &nbsp;&nbsp;**&nbsp;&nbsp;&nbsp;&nbsp; 33116**  | &nbsp;&nbsp;**&nbsp;&nbsp;&nbsp;&nbsp; 30233**  | &nbsp;&nbsp;**10%** |
| &nbsp;&nbsp;&nbsp;(a) Service Revenues, gross of interconnection costs |  |  |  |
| &nbsp;&nbsp;Service Revenues, gross of interconnection costs | &nbsp;&nbsp;196227 | &nbsp;&nbsp;185751 | &nbsp;&nbsp;6% |
| &nbsp;&nbsp;Interconnection costs | &nbsp;&nbsp;6104 | &nbsp;&nbsp;3698 | &nbsp;&nbsp;65% |
| &nbsp;&nbsp;Service Revenues, net of interconnection costs | &nbsp;&nbsp;190123 | &nbsp;&nbsp;182053 | &nbsp;&nbsp;4% |
| &nbsp;&nbsp;&nbsp;(b) Expenses includes Interconnection Costs and MRP expenses | &nbsp;&nbsp;&nbsp;(b) Expenses includes Interconnection Costs and MRP expenses | &nbsp;&nbsp;&nbsp;(b) Expenses includes Interconnection Costs and MRP expenses | &nbsp;&nbsp;&nbsp;(b) Expenses includes Interconnection Costs and MRP expenses |
| &nbsp;&nbsp;&nbsp;(c) Net income as adjusted for the net effect of gain/loss on FX, derivative transactions, Accelerated Depreciation, Asset Impairment, MRP and share in Voyager losses | &nbsp;&nbsp;&nbsp;(c) Net income as adjusted for the net effect of gain/loss on FX, derivative transactions, Accelerated Depreciation, Asset Impairment, MRP and share in Voyager losses | &nbsp;&nbsp;&nbsp;(c) Net income as adjusted for the net effect of gain/loss on FX, derivative transactions, Accelerated Depreciation, Asset Impairment, MRP and share in Voyager losses | &nbsp;&nbsp;&nbsp;(c) Net income as adjusted for the net effect of gain/loss on FX, derivative transactions, Accelerated Depreciation, Asset Impairment, MRP and share in Voyager losses |

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**Signatures**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly authorized and caused this report to be signed on its behalf by the undersigned.

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| |
|:---|
| &nbsp;&nbsp;**PLDT Inc.**<br>|
| &nbsp;&nbsp;By : <u>/s/Marilyn A. Victorio-Aquino</u> <br>Name : **Marilyn A. Victorio-Aquino**<br>Title : **Corporate Secretary**<br>Date : **March 23, 2023** |

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