| Summary of Operating Segments |
The segment revenues, net income, and other segment information of our reportable operating segments for the years ended December 31, 2025, 2024 and 2023, and as at December 31, 2025 and 2024 are as follows:
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Wireless |
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Fixed Line |
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Others |
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Intersegment and
Consolidation Entries |
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Consolidated |
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(in million pesos) |
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December 31, 2025 |
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Revenues |
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External customers |
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102,616 |
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115,772 |
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— |
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— |
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218,388 |
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Service revenues |
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96,869 |
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115,317 |
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— |
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— |
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212,186 |
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Non-service revenues |
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5,747 |
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|
455 |
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— |
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— |
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6,202 |
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Inter-segment transactions |
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700 |
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15,038 |
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— |
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(15,738 |
) |
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— |
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Service revenues |
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|
699 |
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15,038 |
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— |
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(15,737 |
) |
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— |
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Non-service revenues |
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1 |
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— |
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— |
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(1 |
) |
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— |
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Total revenues |
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103,316 |
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130,810 |
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— |
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(15,738 |
) |
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218,388 |
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Depreciation and amortization |
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40,560 |
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26,928 |
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— |
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(8,001 |
) |
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59,487 |
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Asset impairment |
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652 |
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3,318 |
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— |
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— |
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3,970 |
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Interest income |
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|
554 |
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|
171 |
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11 |
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(17 |
) |
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|
719 |
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Equity share in net income (losses) of associates and joint ventures |
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(11 |
) |
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(924 |
) |
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|
507 |
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— |
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(428 |
) |
Financing costs – net |
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9,941 |
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9,411 |
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— |
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(1,184 |
) |
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18,168 |
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Provision for (benefit from) income tax |
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2,709 |
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6,810 |
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(29 |
) |
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(669 |
) |
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8,821 |
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Net income / Segment profit |
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9,437 |
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25,599 |
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568 |
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(6,735 |
) |
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28,869 |
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Assets |
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Operating assets |
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305,477 |
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297,575 |
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24,919 |
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(57,150 |
) |
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570,821 |
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Investments in associates and joint ventures |
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|
280 |
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43,234 |
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8,911 |
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— |
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52,425 |
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Deferred income tax assets – net |
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5,684 |
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5,235 |
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91 |
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|
572 |
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11,582 |
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Total assets |
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311,441 |
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346,044 |
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33,921 |
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(56,578 |
) |
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634,828 |
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Liabilities |
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Operating liabilities |
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254,793 |
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282,827 |
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1,020 |
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(31,970 |
) |
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506,670 |
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Deferred income tax liabilities |
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16 |
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57 |
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2 |
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— |
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|
75 |
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Total liabilities |
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254,809 |
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282,884 |
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1,022 |
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(31,970 |
) |
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506,745 |
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Other segment information |
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Capital expenditures, including capitalized interest (Note 9)(1)(2) |
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29,203 |
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31,133 |
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— |
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— |
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60,336 |
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(1) Net of additions subject to sale and leaseback from tower companies. (2) Includes capitalization of subscriber contract cost to fulfill.
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Wireless |
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Fixed Line |
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Others |
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Intersegment and
Consolidation Entries |
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Consolidated |
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(in million pesos) |
|
December 31, 2024 |
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Revenues |
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External customers |
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104,944 |
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111,889 |
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— |
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— |
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216,833 |
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Service revenues |
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96,989 |
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111,393 |
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— |
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— |
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|
208,382 |
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Non-service revenues |
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7,955 |
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|
496 |
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— |
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— |
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8,451 |
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Inter-segment transactions |
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|
790 |
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|
14,601 |
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— |
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(15,391 |
) |
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— |
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Service revenues |
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|
790 |
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14,601 |
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— |
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(15,391 |
) |
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— |
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Non-service revenues |
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— |
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— |
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— |
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— |
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— |
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Total revenues |
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105,734 |
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|
126,490 |
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— |
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(15,391 |
) |
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216,833 |
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Depreciation and amortization |
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|
36,483 |
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|
29,132 |
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— |
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(9,387 |
) |
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56,228 |
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Asset impairment |
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|
906 |
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|
3,415 |
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— |
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— |
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|
4,321 |
|
Interest income |
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|
698 |
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|
230 |
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|
15 |
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(27 |
) |
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|
916 |
|
Equity share in net losses of associates and joint ventures |
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— |
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(67 |
) |
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(923 |
) |
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|
— |
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|
|
(990 |
) |
Financing costs – net |
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|
9,763 |
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|
7,456 |
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|
— |
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(1,719 |
) |
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|
15,500 |
|
Provision for (benefit from) income tax |
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|
3,086 |
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|
6,154 |
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(9 |
) |
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|
370 |
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|
9,601 |
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Net income (loss) / Segment profit (loss) |
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|
10,491 |
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|
31,349 |
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(1,069 |
) |
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(9,828 |
) |
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30,943 |
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December 31, 2024 |
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Assets |
|
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|
|
|
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|
|
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Operating assets |
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|
326,672 |
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|
291,635 |
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|
19,879 |
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(82,318 |
) |
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|
555,868 |
|
Investments in associates and joint ventures |
|
|
108 |
|
|
|
44,758 |
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|
7,898 |
|
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|
— |
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|
52,764 |
|
Deferred income tax assets – net |
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|
6,537 |
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|
|
8,014 |
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|
62 |
|
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|
30 |
|
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|
14,643 |
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Total assets |
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333,317 |
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|
344,407 |
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27,839 |
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(82,288 |
) |
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|
623,275 |
|
Liabilities |
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|
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Operating liabilities |
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280,160 |
|
|
|
287,993 |
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|
1,182 |
|
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(62,855 |
) |
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|
506,480 |
|
Deferred income tax liabilities |
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|
15 |
|
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|
43 |
|
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|
— |
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|
2 |
|
|
|
60 |
|
Total liabilities |
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|
280,175 |
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|
288,036 |
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|
1,182 |
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(62,853 |
) |
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506,540 |
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December 31, 2024 |
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Other segment information |
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|
|
|
|
|
|
|
|
|
|
|
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Capital expenditures, including capitalized interest (Note 9)(1)(2) |
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|
40,767 |
|
|
|
37,294 |
|
|
|
185 |
|
|
|
— |
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|
78,246 |
|
(1) Net of additions subject to sale and leaseback from tower companies. (2) Includes capitalization of subscriber contract cost to fulfill.
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|
|
Wireless |
|
|
Fixed Line |
|
|
Others |
|
|
Intersegment and
Consolidation Entries |
|
|
Consolidated |
|
|
|
(in million pesos, except for EBITDA margin) |
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|
|
|
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|
|
|
|
|
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|
December 31, 2023 |
|
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Revenues |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
External customers |
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|
103,718 |
|
|
|
107,235 |
|
|
|
— |
|
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|
— |
|
|
|
210,953 |
|
Service revenues |
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|
94,994 |
|
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|
106,838 |
|
|
|
— |
|
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|
— |
|
|
|
201,832 |
|
Non-service revenues |
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|
8,724 |
|
|
|
397 |
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|
— |
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|
— |
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|
9,121 |
|
Inter-segment transactions |
|
|
683 |
|
|
|
13,499 |
|
|
|
— |
|
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|
(14,182 |
) |
|
|
— |
|
Service revenues |
|
|
683 |
|
|
|
13,498 |
|
|
|
— |
|
|
|
(14,181 |
) |
|
|
— |
|
Non-service revenues |
|
|
— |
|
|
|
1 |
|
|
|
— |
|
|
|
(1 |
) |
|
|
— |
|
Total revenues |
|
|
104,401 |
|
|
|
120,734 |
|
|
|
— |
|
|
|
(14,182 |
) |
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|
210,953 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and amortization |
|
|
31,684 |
|
|
|
36,890 |
|
|
|
— |
|
|
|
(9,912 |
) |
|
|
58,662 |
|
Asset impairment |
|
|
648 |
|
|
|
3,784 |
|
|
|
— |
|
|
|
— |
|
|
|
4,432 |
|
Interest income |
|
|
720 |
|
|
|
324 |
|
|
|
7 |
|
|
|
(35 |
) |
|
|
1,016 |
|
Equity share in net gains (losses) of associates and joint ventures |
|
|
— |
|
|
|
(595 |
) |
|
|
(2,211 |
) |
|
|
— |
|
|
|
(2,806 |
) |
Financing costs – net |
|
|
9,034 |
|
|
|
6,824 |
|
|
|
— |
|
|
|
(2,103 |
) |
|
|
13,755 |
|
Provision for (benefit from) income tax |
|
|
5,458 |
|
|
|
3,652 |
|
|
|
1 |
|
|
|
59 |
|
|
|
9,170 |
|
Net income (loss) / Segment profit (loss) |
|
|
17,285 |
|
|
|
25,426 |
|
|
|
(2,270 |
) |
|
|
(14,901 |
) |
|
|
25,499 |
|
Continuing operations |
|
|
17,285 |
|
|
|
25,426 |
|
|
|
(2,270 |
) |
|
|
(14,901 |
) |
|
|
25,540 |
|
Discontinued operations (Notes 2 and 8) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(41 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other segment information |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital expenditures, including capitalized interest (Note 9)(1)(2) |
|
|
36,797 |
|
|
|
48,286 |
|
|
|
— |
|
|
|
— |
|
|
|
85,083 |
|
(1) Net of additions subject to sale and leaseback from tower companies. (2) Includes capitalization of subscriber contract cost to fulfill.
|