| Summary of Changes in Property and Equipment Account |
Changes in property and equipment account for the years ended December 31, 2025 and 2024 are as follows:
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Cable
and
wire
facilities |
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Central
equipment |
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Network
facilities |
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Building and lease improvement |
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Vehicles,
furniture
and other
network
equipment |
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Land and land
improvements |
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IT
systems
and
platforms |
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Security
platforms |
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Property
under
construction |
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Total |
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(in million pesos) |
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December 31, 2025 |
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Net book value at beginning of the year |
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101,265 |
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257 |
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116,506 |
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7,304 |
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1,971 |
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4,474 |
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17,210 |
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864 |
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68,218 |
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318,069 |
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Additions (Note 4) |
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882 |
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— |
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723 |
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97 |
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367 |
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— |
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273 |
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— |
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51,935 |
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54,277 |
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Disposals/retirements |
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(6 |
) |
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— |
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(4 |
) |
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(3 |
) |
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(68 |
) |
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(1 |
) |
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— |
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— |
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— |
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(82 |
) |
Reclassification |
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11,158 |
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— |
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23,581 |
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7,141 |
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448 |
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(614 |
) |
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6,977 |
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258 |
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(51,345 |
) |
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(2,396 |
) |
Translation differences charged directly to cumulative translation
adjustments |
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1 |
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— |
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1 |
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— |
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— |
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— |
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— |
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— |
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— |
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2 |
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Depreciation and amortization (Note 3) |
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(10,483 |
) |
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(103 |
) |
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(24,626 |
) |
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(759 |
) |
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(725 |
) |
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(53 |
) |
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(4,850 |
) |
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(282 |
) |
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— |
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(41,881 |
) |
Net book value at end of the year |
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102,817 |
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154 |
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116,181 |
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13,780 |
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1,993 |
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3,806 |
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19,610 |
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|
840 |
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68,808 |
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327,989 |
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As at December 31, 2025 |
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Cost |
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327,658 |
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513 |
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384,033 |
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35,183 |
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35,463 |
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4,301 |
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66,115 |
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2,189 |
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68,808 |
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924,263 |
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Accumulated depreciation, impairment and amortization |
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(224,841 |
) |
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(359 |
) |
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(267,852 |
) |
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(21,403 |
) |
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(33,470 |
) |
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(495 |
) |
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(46,505 |
) |
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(1,349 |
) |
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— |
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(596,274 |
) |
Net book value |
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102,817 |
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154 |
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116,181 |
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13,780 |
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1,993 |
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3,806 |
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19,610 |
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840 |
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68,808 |
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327,989 |
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December 31, 2024 |
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Net book value at beginning of the year |
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81,227 |
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384 |
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101,941 |
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7,979 |
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3,654 |
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4,122 |
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18,794 |
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1,162 |
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67,840 |
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287,103 |
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Additions (Note 4) |
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86 |
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— |
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70 |
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31 |
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397 |
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— |
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598 |
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— |
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69,730 |
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70,912 |
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Disposals/retirements |
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— |
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— |
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(19 |
) |
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(1 |
) |
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(234 |
) |
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— |
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(1 |
) |
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(129 |
) |
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— |
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(384 |
) |
Reclassification |
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31,435 |
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— |
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33,692 |
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542 |
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(809 |
) |
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456 |
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5,561 |
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202 |
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(69,167 |
) |
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1,912 |
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Translation differences charged directly to cumulative translation
adjustments |
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1 |
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— |
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— |
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— |
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1 |
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— |
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— |
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— |
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— |
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2 |
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Adjustments |
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— |
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(25 |
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— |
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— |
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25 |
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— |
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— |
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— |
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(185 |
) |
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(185 |
) |
Impairment losses recognized during the year |
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— |
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— |
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— |
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— |
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— |
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— |
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— |
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(67 |
) |
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— |
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(67 |
) |
Depreciation and amortization (Note 3) |
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(11,484 |
) |
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(102 |
) |
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(19,178 |
) |
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(1,247 |
) |
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(1,063 |
) |
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(104 |
) |
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(7,742 |
) |
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(304 |
) |
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— |
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(41,224 |
) |
Net book value at end of the year |
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101,265 |
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257 |
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116,506 |
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7,304 |
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1,971 |
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4,474 |
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17,210 |
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864 |
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68,218 |
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318,069 |
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As at December 31, 2024 |
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Cost |
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316,803 |
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532 |
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362,387 |
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27,884 |
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36,467 |
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4,960 |
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56,418 |
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1,930 |
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68,218 |
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875,599 |
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Accumulated depreciation, impairment and amortization |
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(215,538 |
) |
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(275 |
) |
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(245,881 |
) |
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(20,580 |
) |
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(34,496 |
) |
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(486 |
) |
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(39,208 |
) |
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(1,066 |
) |
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— |
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(557,530 |
) |
Net book value |
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101,265 |
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257 |
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116,506 |
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7,304 |
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1,971 |
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4,474 |
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17,210 |
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864 |
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68,218 |
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318,069 |
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| Summary of Estimated Useful Lives of Property and Equipment |
As at December 31, 2025, the estimated useful lives of our property and equipment are as follows:
|
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Cable and wire facilities(1) |
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5 – 25 years |
Central equipment(2) |
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10 years |
Network facilities |
|
3 – 20 years |
Buildings |
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25 – 50 years |
Vehicles, furniture and other network equipment |
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3 – 15 years |
Land improvements |
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10 years |
IT systems and platforms(3) |
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3 – 20 years |
Security platforms |
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3 – 5 years |
Leasehold improvements |
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3 – 10 years or the term of the lease, whichever is shorter |
(1) As at December 31, 2024, the estimated useful life ranged from 5-15 years. (2) As at December 31, 2024, the estimated useful life ranged from 3-15 years. (3) As at December 31, 2024, the estimated useful life ranged from 3-5 years.
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