Dito’s capital deficiency rises to P100 billion

MANILA, Philippines — The capital deficiency of Dennis Uy’s telco Dito CME Holdings Corp. widened by 36 percent to P100 billion last year from P73.39 billion in 2024 on the back of sustained net loss and mounting debt bill.

However, Dito remains confident that it can generate enough cash to pay maturing loans, as revenue from telco services is growing in double digits.

The company aims to book a profit by 2028.

Dito’s net loss fell by seven percent to P13.75 billion, as revenue jumped by 26 percent to P20.54 billion. This also mitigated the six-percent increase in expenses to P32.27 billion, but still, Dito is spending more than earning.

Dito Telecommunity Corp., the country’s third telco provider, added 2.48 million subscribers to its customer base. This has pushed up Dito subscribers to 16.17 million as of 2025.

Likewise, Dito grew its customer count in the fixed wireless access segment to at least 400,000, gaining from efforts to further simplify the plug-and-play model of home connectivity.

As a whole, Dito is optimistic it can sustain its revenue growth now that its nationwide coverage reaches 966 cities and municipalities, carried by continuous spending for network expansion.

Right now, Dito is working out a subscription deal with Singapore-based investor Summit Telco Corp. Pte. Ltd. that would bring in fresh capital in exchange for shares.

On the other side of connectivity, in the logistics industry, Uy’s shipping venture is also bleeding.

Chelsea Logistics and Infrastructure Holdings Corp. quadrupled its net loss to P170.51 million in the first quarter, as it paid off charter obligations and expiring loans.

Chelsea booked an eight-percent growth in revenue to P2.26 billion. However, this was offset by a seven-percent rise in expenses to P1.82 billion, driven by oil price shocks.

Chelsea’s finance costs also swelled by 35 percent to P293 million, with the double whammy of higher debt and lease interests piling up the shipper.

The company recognized P120 million in foreign currency losses, dragged by its bareboat charter obligations and worsened by the peso’s recent slump.