v3.26.1
Deferred Credits and Other Noncurrent Liabilities (Tables)
12 Months Ended
Dec. 31, 2025
Deferred Credits And Other Noncurrent Liabilities [Abstract]  
Summary of Deferred Credits and Other Noncurrent Liabilities

As at December 31, 2025 and 2024, this account consists of:

 

 

 

2025

 

 

2024

 

 

 

(in million pesos)

 

Contract liabilities and unearned revenues - non-current

 

 

4,884

 

 

 

5,625

 

Provision for asset retirement obligations

 

 

1,836

 

 

 

1,752

 

Accrual of capital expenditures (1)

 

 

1,526

 

 

 

44

 

Others

 

 

65

 

 

 

54

 

 

 

8,311

 

 

 

7,475

 

(1) Represents expenditure related to the acquisition of Property and Equipment which are not due to be settled within one year.

Summary of Changes to Provision for Asset Retirement Obligations

The following table summarizes the changes to provision for asset retirement obligations for the years ended
December 31, 2025 and 2024:

 

 

 

2025

 

 

2024

 

 

 

(in million pesos)

 

Provision for asset retirement obligations at beginning of the year

 

 

1,752

 

 

 

1,164

 

Capitalized to ROU assets during the year

 

 

103

 

 

 

73

 

Accretion expenses

 

 

94

 

 

 

54

 

Settlement of obligations and others

 

 

(4

)

 

 

(3

)

Reclassification to liabilities associated with assets classified as held-for-sale

 

 

(9

)

 

 

—

 

Change in assumptions

 

 

(48

)

 

 

(51

)

Revaluation due to change in IBR

 

 

(52

)

 

 

515

 

Provision for asset retirement obligations at end of the year

 

 

1,836

 

 

 

1,752