| Summary of Changes in Goodwill and Intangible Assets |
Changes in goodwill and intangible assets account for the years ended December 31, 2025 and 2024 are as follows:
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Intangible
Assets with |
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Intangible Assets with Finite Life |
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Total
Intangible
Assets with |
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Total |
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Total
Goodwill
and |
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Indefinite
Life |
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Trademark |
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Franchise |
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Licenses |
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Customer
List |
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Spectrum |
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Others |
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Finite
Life |
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Intangible Assets |
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Goodwill |
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Intangible
Assets |
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(in million pesos) |
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December 31, 2025 |
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Costs: |
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Balances at beginning of the year |
|
220 |
|
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4,565 |
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|
3,017 |
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|
135 |
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4,703 |
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1,205 |
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1,689 |
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15,314 |
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15,534 |
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63,595 |
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79,129 |
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Additions during the year |
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— |
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— |
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— |
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— |
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12 |
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— |
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|
217 |
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|
229 |
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|
229 |
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— |
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|
229 |
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Translation and other adjustments |
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— |
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5 |
|
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— |
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(12 |
) |
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(8 |
) |
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— |
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|
— |
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(15 |
) |
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(15 |
) |
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— |
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(15 |
) |
Balances at end of the year |
|
220 |
|
|
4,570 |
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3,017 |
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|
123 |
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4,707 |
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1,205 |
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1,906 |
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15,528 |
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15,748 |
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63,595 |
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79,343 |
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Accumulated amortization and impairment: |
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Balances at beginning of the year |
|
— |
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4,565 |
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|
2,451 |
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|
135 |
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4,703 |
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1,205 |
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|
952 |
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14,011 |
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14,011 |
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|
654 |
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|
14,665 |
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Amortization during the year |
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— |
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— |
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|
186 |
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— |
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2 |
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— |
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82 |
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|
270 |
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|
270 |
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— |
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270 |
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Translation and other adjustments |
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— |
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5 |
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1 |
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(12 |
) |
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(8 |
) |
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— |
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1 |
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(13 |
) |
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(13 |
) |
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— |
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(13 |
) |
Balances at end of the year |
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— |
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4,570 |
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2,638 |
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|
123 |
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4,697 |
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1,205 |
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|
1,035 |
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14,268 |
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14,268 |
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|
654 |
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|
14,922 |
|
Net balances at end of the year |
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220 |
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|
— |
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|
379 |
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— |
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10 |
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— |
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|
871 |
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1,260 |
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1,480 |
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62,941 |
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64,421 |
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Estimated useful lives (in years) |
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— |
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— |
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16 |
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— |
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6 |
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— |
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5-10 |
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— |
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— |
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— |
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— |
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Remaining useful lives (in years) |
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— |
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— |
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2 |
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— |
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5 |
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— |
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3-10 |
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— |
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— |
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— |
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— |
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December 31, 2024 |
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Costs: |
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Balances at beginning of the year |
|
220 |
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|
4,561 |
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3,017 |
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|
135 |
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4,703 |
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1,205 |
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1,321 |
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14,942 |
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15,162 |
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63,595 |
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|
78,757 |
|
Additions 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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|
366 |
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|
366 |
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|
366 |
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|
— |
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|
366 |
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Translation and other adjustments |
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— |
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4 |
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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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|
6 |
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|
6 |
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— |
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|
6 |
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Balances at end of the year |
|
220 |
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|
4,565 |
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3,017 |
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|
135 |
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4,703 |
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1,205 |
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1,689 |
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15,314 |
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15,534 |
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63,595 |
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|
79,129 |
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Accumulated amortization and impairment: |
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Balances at beginning of the year |
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— |
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4,561 |
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2,265 |
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|
135 |
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4,703 |
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1,205 |
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|
899 |
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13,768 |
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13,768 |
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|
654 |
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14,422 |
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Amortization during the year |
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— |
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— |
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|
186 |
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— |
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|
— |
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|
— |
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54 |
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|
240 |
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|
240 |
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|
— |
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|
240 |
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Translation and other adjustments |
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— |
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4 |
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— |
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— |
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|
— |
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|
— |
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(1 |
) |
|
3 |
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|
3 |
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|
— |
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|
3 |
|
Balances at end of the year |
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— |
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4,565 |
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2,451 |
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|
135 |
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4,703 |
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1,205 |
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|
952 |
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14,011 |
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14,011 |
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|
654 |
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|
14,665 |
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Net balances at end of the year |
|
220 |
|
|
— |
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|
566 |
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|
— |
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|
— |
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|
— |
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|
737 |
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1,303 |
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|
1,523 |
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62,941 |
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|
64,464 |
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Estimated useful lives (in years) |
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— |
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|
— |
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16 |
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— |
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6 |
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|
— |
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5-10 |
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|
— |
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|
— |
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|
— |
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|
— |
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Remaining useful lives (in years) |
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— |
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|
— |
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3 |
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— |
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— |
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— |
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3-10 |
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— |
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— |
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— |
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|
— |
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| Summary of Consolidated Goodwill and Intangible Assets of Reportable Segments |
The consolidated goodwill and intangible assets of our reportable segments as at December 31, 2025 and 2024 are as follows:
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2025 |
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2024 |
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Wireless |
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|
Fixed Line |
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Total |
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Wireless |
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Fixed Line |
|
|
Total |
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(in million pesos) |
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Franchise |
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|
379 |
|
|
|
— |
|
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|
379 |
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|
566 |
|
|
|
— |
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|
566 |
|
Customer list |
|
|
— |
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|
|
230 |
|
|
|
230 |
|
|
|
— |
|
|
|
220 |
|
|
|
220 |
|
Others |
|
|
— |
|
|
|
871 |
|
|
|
871 |
|
|
|
— |
|
|
|
737 |
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|
|
737 |
|
Total intangible assets |
|
|
379 |
|
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|
1,101 |
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|
1,480 |
|
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|
566 |
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|
957 |
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|
1,523 |
|
Goodwill |
|
|
56,571 |
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|
|
6,370 |
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|
62,941 |
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|
56,571 |
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|
6,370 |
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|
62,941 |
|
Total goodwill and intangible assets |
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|
56,950 |
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|
|
7,471 |
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|
64,421 |
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|
|
57,137 |
|
|
|
7,327 |
|
|
|
64,464 |
|
|