PLDT discloses material weakness and auditor withdraws 2025 opinions
PLDT disclosed that a material weakness in internal control over financial reporting existed as of December 31, 2025, tied to structured hedge accounting for cash flow hedges. The firm says remediation is required and revisions to its 2025 Form 20-F disclosures are needed. SyCip Gorres Velayo & Co. informed PLDT that its internal-control and 2025 financial-statement opinions can no longer be relied upon and were withdrawn.