Leases (Tables)

12 Months Ended

Dec. 31, 2025

Presentation of leases for lessee [abstract]

Schedule of Estimated Useful Life of Right of Use Assets

Our consolidated estimated useful lives of ROU assets as at December 31, 2025 are as follows:


Sites		1 – 30 years
International leased circuits(1)		2 – 19 years
Poles(2)		2 – 12 years
Domestic leased circuits		2 – 10 years
Office buildings		1 – 25 years
Co-located sites(3)		4 – 7 years

(1)

As at December 31, 2024, the estimated useful life ranges from 1-19 years.

(2)

As at December 31, 2024, the estimated useful life ranges from 1-12 years.

(3)

As at December 31, 2024, the estimated useful life ranges from 2-11 years.

Schedule of Changes in Right of Use Assets

Our consolidated roll forward analysis of ROU assets as at December 31, 2025 and 2024 are as follows:


		Sites				International Leased Circuits				Poles				Domestic Leased Circuits				Office Buildings				Co-located Sites				Total
		(in million pesos)
December 31, 2025
Costs:
Balances at beginning of the year			44,047				5,055				5,336				2,637				1,301				61				58,437
Additions (Note 28)			16,227				2,535				1,079				596				371				—				20,808
Asset retirement obligation			73				—				—				—				24				—				97
Modifications			8				96				164				4				(6	)			—				266
Terminations			(2,504	)			(1,964	)			(411	)			(318	)			(326	)			(3	)			(5,526	)
Reclassification to ROU assets classified as held-for-sale			(255	)			—				—				—				—				—				(255	)
Balances at end of the year			57,596				5,722				6,168				2,919				1,364				58				73,827

Accumulated depreciation and amortization:
Balances at beginning of the year			(11,608	)			(3,110	)			(1,739	)			(1,810	)			(1,010	)			(49	)			(19,326	)
Modifications			6				—				—				—				19				—				25
Terminations			1,321				1,307				405				231				305				18				3,587
Depreciation (Note 3)			(6,419	)			(907	)			(1,196	)			(420	)			(328	)			(11	)			(9,281	)
Reclassification to ROU assets classified as held-for-sale			(55	)			—				—				—				—				—				(55	)
Balances at end of the year			(16,755	)			(2,710	)			(2,530	)			(1,999	)			(1,014	)			(42	)			(25,050	)
Net book value at the end of the year			40,841				3,012				3,638				920				350				16				48,777

December 31, 2024
Costs:
Balances at beginning of the year			38,461				4,305				3,364				2,001				1,144				53				49,328
Additions (Note 28)			8,683				1,546				4,273				763				334				8				15,607
Asset retirement obligation			571				—				—				—				5				—				576
Modifications			(1,180	)			266				173				135				27				—				(579	)
Terminations			(2,350	)			(1,062	)			(2,474	)			(262	)			(209	)			—				(6,357	)
Reclassification to ROU assets classified as held-for-sale			(138	)			—				—				—				—				—				(138	)
Balances at end of the year			44,047				5,055				5,336				2,637				1,301				61				58,437

Accumulated depreciation and amortization:
Balances at beginning of the year			(7,599	)			(3,298	)			(3,156	)			(1,632	)			(887	)			(39	)			(16,611	)
Modifications			108				(12	)			(3	)			(75	)			(20	)			—				(2	)
Terminations			361				1,028				2,474				262				192				—				4,317
Depreciation (Note 3)			(4,763	)			(828	)			(1,054	)			(365	)			(295	)			(10	)			(7,315	)
Reclassification to ROU assets classified as held-for-sale			285				—				—				—				—				—				285
Balances at end of the year			(11,608	)			(3,110	)			(1,739	)			(1,810	)			(1,010	)			(49	)			(19,326	)
Net book value at the end of the year			32,439				1,945				3,597				827				291				12				39,111

Summary of Amounts Recognized in Consolidated Income Statements

The following amounts are recognized in our consolidated income statements for the years ended December 31, 2025, 2024 and 2023:


		2025				2024				2023
		(in million pesos)
Depreciation expense of ROU assets from continuing operations			9,281				7,315				6,898
Depreciation expense of ROU assets from discontinued operations			—				—				19
Interest expense on lease liabilities from continuing operations			4,579				3,935				3,266
Interest expense on lease liabilities discontinued operations			—				—				2
Variable lease payments (included in general operating costs) from continuing operations			895				829				656
Variable lease payments (included in general operating costs) from discontinued operations			—				—				(2	)
Expenses relating to short-term leases (included in general operating costs)			516				569				714
Expenses relating to leases of low-value assets (included in general operating costs)			2				—				2
Total amount recognized in consolidated income statements			15,273				12,648				11,555

Schedule of Changes in Lease Liabilities

Our consolidated roll forward analysis of lease liabilities as at December 31, 2025 and 2024 are as follows:


		2025				2024
		(in million pesos)
Balances at beginning of the year			54,038				47,546
Additions (Note 28)			20,800				15,607
Accretion on lease liabilities (Note 5)			4,579				3,935
Reclassification to lease liabilities classified as held-for-sale			(20	)			(87	)
Foreign exchange gains – net			33				100
Lease modifications			287				(121	)
Termination			(1,216	)			(863	)
Settlement of obligations			(14,328	)			(12,079	)
Balances at end of the year (Notes 3 and 28)			64,173				54,038
Less: Current portion of lease liabilities (Note 27)			8,897				7,335
Noncurrent portion of lease liabilities (Note 27)			55,276				46,703