| Summary of Trade and Other Receivables |
As at December 31, 2025 and 2024, this account consists of receivables from:
|
|
|
|
|
|
|
|
|
|
|
2025 |
|
|
2024 |
|
|
|
(in million pesos) |
|
Corporate subscribers (Note 27) |
|
|
21,373 |
|
|
|
20,936 |
|
Retail subscribers (Note 27) |
|
|
19,369 |
|
|
|
17,516 |
|
Foreign administrations (Note 27) |
|
|
1,615 |
|
|
|
1,254 |
|
Domestic carriers (Note 27) |
|
|
208 |
|
|
|
256 |
|
Dealers, agents and others (Note 27) |
|
|
7,699 |
|
|
|
8,846 |
|
|
|
|
50,264 |
|
|
|
48,808 |
|
Less: Allowance for expected credit losses |
|
|
18,897 |
|
|
|
17,196 |
|
|
|
|
31,367 |
|
|
|
31,612 |
|
The gross carrying amount of financial assets not subject to impairment also represents our maximum exposure to credit risk as at December 31, 2025 and 2024 are as follows:
|
|
|
|
|
|
|
|
|
|
|
2025 |
|
|
2024 |
|
|
|
(in million pesos) |
|
Financial assets at fair value through profit or loss |
|
|
1,030 |
|
|
|
1,101 |
|
Current portion of derivative financial assets |
|
|
203 |
|
|
|
30 |
|
Total |
|
|
1,233 |
|
|
|
1,131 |
|
|
| Summary of Changes in the Allowance for Expected Credit Losses |
The following table explains the changes in the allowance for expected credit losses as at December 31, 2025 and 2024:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail Subscribers |
|
|
Corporate Subscribers |
|
|
Foreign
Administrations |
|
|
Domestic Carriers |
|
|
Dealers, Agents
and Others |
|
|
Total |
|
|
|
|
Stage 2 |
|
Stage 3 |
|
|
Stage 2 |
|
Stage 3 |
|
|
Stage 2 |
|
Stage 3 |
|
|
Stage 2 |
|
Stage 3 |
|
|
Stage 2 |
|
Stage 3 |
|
|
Stage 2 |
|
Stage 3 |
|
|
|
|
Lifetime ECL |
|
|
Lifetime ECL |
|
|
Lifetime ECL |
|
|
Lifetime ECL |
|
|
Lifetime ECL |
|
|
Lifetime ECL |
|
Total |
|
|
(in million pesos) |
|
December 31, 2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balances at beginning of the year |
|
576 |
|
|
9,290 |
|
|
|
2,400 |
|
|
3,513 |
|
|
|
14 |
|
|
63 |
|
|
|
— |
|
|
— |
|
|
|
606 |
|
|
734 |
|
|
|
3,596 |
|
|
13,600 |
|
|
17,196 |
|
Provisions |
|
231 |
|
|
2,926 |
|
|
|
(83 |
) |
|
764 |
|
|
|
(6 |
) |
|
— |
|
|
|
— |
|
|
— |
|
|
|
(1 |
) |
|
7 |
|
|
|
141 |
|
|
3,697 |
|
|
3,838 |
|
Translation adjustments |
|
— |
|
|
— |
|
|
|
9 |
|
|
5 |
|
|
|
— |
|
|
— |
|
|
|
— |
|
|
— |
|
|
|
12 |
|
|
— |
|
|
|
21 |
|
|
5 |
|
|
26 |
|
Write-offs |
|
— |
|
|
(1,760 |
) |
|
|
— |
|
|
(446 |
) |
|
|
— |
|
|
— |
|
|
|
— |
|
|
— |
|
|
|
— |
|
|
— |
|
|
|
— |
|
|
(2,206 |
) |
|
(2,206 |
) |
Reclassifications and reversals |
|
(84 |
) |
|
73 |
|
|
|
547 |
|
|
(20 |
) |
|
|
10 |
|
|
3 |
|
|
|
— |
|
|
— |
|
|
|
(464 |
) |
|
(22 |
) |
|
|
9 |
|
|
34 |
|
|
43 |
|
Balances at end of the year |
|
723 |
|
|
10,529 |
|
|
|
2,873 |
|
|
3,816 |
|
|
|
18 |
|
|
66 |
|
|
|
— |
|
|
— |
|
|
|
153 |
|
|
719 |
|
|
|
3,767 |
|
|
15,130 |
|
|
18,897 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2024 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balances at beginning of the year |
|
1,448 |
|
|
8,250 |
|
|
|
2,126 |
|
|
3,820 |
|
|
|
8 |
|
|
116 |
|
|
|
— |
|
|
1 |
|
|
|
608 |
|
|
838 |
|
|
|
4,190 |
|
|
13,025 |
|
|
17,215 |
|
Provisions |
|
(484 |
) |
|
3,537 |
|
|
|
322 |
|
|
472 |
|
|
|
6 |
|
|
— |
|
|
|
— |
|
|
— |
|
|
|
13 |
|
|
9 |
|
|
|
(143 |
) |
|
4,018 |
|
|
3,875 |
|
Translation adjustments |
|
— |
|
|
— |
|
|
|
21 |
|
|
2 |
|
|
|
— |
|
|
— |
|
|
|
— |
|
|
— |
|
|
|
— |
|
|
— |
|
|
|
21 |
|
|
2 |
|
|
23 |
|
Write-offs |
|
— |
|
|
(2,975 |
) |
|
|
— |
|
|
(916 |
) |
|
|
— |
|
|
(1 |
) |
|
|
— |
|
|
— |
|
|
|
— |
|
|
— |
|
|
|
— |
|
|
(3,892 |
) |
|
(3,892 |
) |
Reclassifications and reversals |
|
(388 |
) |
|
436 |
|
|
|
(69 |
) |
|
135 |
|
|
|
— |
|
|
(52 |
) |
|
|
— |
|
|
(1 |
) |
|
|
(15 |
) |
|
(113 |
) |
|
|
(472 |
) |
|
405 |
|
|
(67 |
) |
Others |
|
— |
|
|
42 |
|
|
|
— |
|
|
— |
|
|
|
— |
|
|
— |
|
|
|
— |
|
|
— |
|
|
|
— |
|
|
— |
|
|
|
— |
|
|
42 |
|
|
42 |
|
Balances at end of the year |
|
576 |
|
|
9,290 |
|
|
|
2,400 |
|
|
3,513 |
|
|
|
14 |
|
|
63 |
|
|
|
— |
|
|
— |
|
|
|
606 |
|
|
734 |
|
|
|
3,596 |
|
|
13,600 |
|
|
17,196 |
|
|