| Summary of Outstanding Balances and Transactions with Related Parties |
The following table provides a summary of outstanding balances as at December 31, 2025 and 2024, and transactions for the years ended December 31, 2025, 2024 and 2023 that have been entered into with related parties:
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Company Name |
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Particulars |
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Terms |
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Conditions |
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Statement of Financial |
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2025 |
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2024 |
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Income Statement |
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2025 |
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2024 |
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2023 |
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Position Classification |
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Classification |
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(in million pesos) |
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(in million pesos) |
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Transactions with major stockholders, directors and officers: |
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Manila Electric Company, or Meralco |
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Electricity services to PLDT and certain subsidiaries’ offices within Meralco's franchise area |
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Immediately upon receipt of invoice |
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Unsecured |
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Accounts payable and accrued expenses and other current liabilities |
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590 |
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552 |
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Repairs and maintenance |
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3,152 |
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3,039 |
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2,928 |
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Pole attachment contracts, wherein Meralco leases its pole spaces to accommodate PLDT and Smart’s cable network facilities |
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Upon depreciation or expiration of lease |
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Unsecured |
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ROU assets |
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1,974 |
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2,600 |
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Depreciation and amortization |
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1,309 |
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652 |
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603 |
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2025 – due after December 31, 2026;
2024 – due after December 31, 2025 |
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Unsecured |
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Lease liabilities - net of current portion |
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1,552 |
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2,191 |
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2025 – due after December 31, 2025;
2024 – due after December 31, 2024 |
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Unsecured |
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Current portion of lease liabilities |
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645 |
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565 |
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Meralco Industrial Engineering Services Corporation, or MIESCOR |
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Customer line installation, repair, rehabilitation and maintenance activities |
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30 days upon receipt of invoice |
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Unsecured |
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Accrued expenses and other current liabilities |
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47 |
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26 |
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Repairs and maintenance |
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213 |
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53 |
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10 |
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Company Name |
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Particulars |
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Terms |
Conditions |
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Statement of Financial |
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2025 |
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2024 |
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Income Statement |
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2025 |
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2024 |
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2023 |
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Position Classification |
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Classification |
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(in million pesos) |
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(in million pesos) |
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Transactions with major stockholders, directors and officers: |
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NTT TC Leasing |
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PLDT signed a US$25 million term loan facility agreement on March 22, 2016 |
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Non-amortizing, payable upon maturity on March 30, 2023 |
Unsecured |
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Interest-bearing financial liabilities |
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— |
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— |
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Financing costs – net |
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— |
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— |
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19 |
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PLDT signed a US$25 million term loan facility agreement on January 31, 2017 |
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Non-amortizing, payable upon maturity on March 27, 2024 |
Unsecured |
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Interest-bearing financial liabilities |
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— |
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— |
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Financing costs – net |
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— |
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26 |
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96 |
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NTT World Engineering Marine Corporation |
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On February 1, 2008, PLDT entered into a service agreement, wherein NTT World Engineering Marine Corporation provides offshore submarine cable repair and other allied services for the maintenance of PLDT’s domestic fiber optic network submerged plant. |
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1st month of each quarter; noninterest-bearing |
Unsecured |
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Accounts payable and accrued expenses and other current liabilities |
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217 |
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256 |
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Repairs and maintenance |
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136 |
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116 |
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92 |
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NTT DOCOMO Business |
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On March 24, 2000, PLDT entered into an advisory service agreement (as amended on March 31, 2003, March 31, 2005 and June 16, 2006), under which NTT DOCOMO Business provides PLDT with technical, marketing and other consulting services for various business areas of PLDT starting April 1, 2000. |
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30 days upon receipt of invoice; noninterest-bearing |
Unsecured |
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Accrued expenses and other current liabilities |
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29 |
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115 |
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Professional and other contracted services |
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122 |
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123 |
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110 |
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NTT Worldwide Telecommunications Corporation |
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On March 24, 2000, PLDT entered into an agreement under which PLDT markets, and manages data and other services under NTT DOCOMO Business’ “Arcstar” brand to its corporate customers in the Philippines. PLDT also entered into a Trade Name and Trademark Agreement with NTT DOCOMO Business under which PLDT has been given the right to use the trade name “Arcstar” and its related trademark, logo and symbols, solely for the purpose of PLDT’s marketing, promotional and sales activities for the Arcstar services within the Philippines. |
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30 days upon receipt of invoice; noninterest-bearing |
Unsecured |
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Selling and promotions |
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— |
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— |
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1 |
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NTT DOCOMO |
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On June 5, 2006, in accordance with the Cooperation Agreement dated January 31, 2006, an Advisory Services Agreement was entered into by NTT DOCOMO and PLDT. Pursuant to the Advisory Services Agreement, NTT DOCOMO will provide the services of certain key personnel in connection with certain aspects of the business of PLDT and Smart. Also, this agreement governs the terms and conditions of the appointments of such key personnel and the corresponding fees related thereto. |
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30 days upon receipt of invoice; noninterest-bearing |
Unsecured |
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Accrued expenses and other current liabilities |
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16 |
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121 |
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Professional and other contracted services |
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122 |
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125 |
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105 |
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Company Name |
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Particulars |
Terms |
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Conditions |
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Statement of Financial |
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2025 |
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2024 |
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Income Statement |
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2025 |
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2024 |
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2023 |
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Position Classification |
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Classification |
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(in million pesos) |
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(in million pesos) |
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Transactions with major stockholders, directors and officers: |
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JGSHI and Subsidiaries |
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PLDT and certain of its subsidiaries have existing agreements with Universal Robina Corporation and Robinsons Land Corporation for office and business office rental. |
1st month of each quarter; 30 days upon receipt of invoice; noninterest-bearing |
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Unsecured |
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Accounts payable and accrued expenses and other current liabilities |
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20 |
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59 |
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Rent |
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244 |
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361 |
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246 |
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Upon depreciation or expiration of lease |
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Unsecured |
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ROU assets |
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4 |
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4 |
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PLDT Group's other transactions with JGSHI and subsidiaries mainly consist of electricity charges for collocated offices and business offices. |
30 days upon receipt of invoice; noninterest-bearing |
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Unsecured |
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Accrued expenses and other current liabilities |
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51 |
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44 |
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Repairs and maintenance |
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12 |
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14 |
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48 |
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Malayan Insurance Co., Inc., or Malayan |
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PLDT and certain of its subsidiaries have insurance policies with Malayan covering directors, officers, liability to employees and material damage for buildings, building improvements, equipment and motor vehicles. The premiums are directly paid to Malayan. |
Immediately upon receipt of invoice |
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Unsecured |
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Accounts payable and accrued expenses and other current liabilities |
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9 |
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8 |
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Insurance and security services |
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171 |
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209 |
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261 |
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Gotuaco del Rosario and Associates, or Gotuaco |
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Gotuaco acts as the broker for certain insurance companies to cover certain insurable properties of the PLDT Group. Insurance premiums are remitted to Gotuaco and the broker’s fees are settled between Gotuaco and the insurance companies. |
Immediately upon receipt of invoice |
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Unsecured |
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Accounts payable and accrued expenses and other current liabilities |
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— |
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2 |
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Insurance and security services |
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116 |
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133 |
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142 |
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First Pacific Investment Management Limited,
or FPIML |
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On March 1, 2018, Smart entered into an Advisory Services Agreement with FPIML effective for a period of one-year subject to a 12-month automatic renewal unless either party notifies the other party of its intent not to renew the agreement. FPIML provides advisory and related services in connection with the operation of Smart’s business of providing mobile communications services, high-speed internet connectivity, and access to digital services and content. Since April 2021, Smart pays a monthly service fee amounted to $220 thousand per month. |
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Unsecured |
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Accounts payable and accrued expenses and other current liabilities |
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38 |
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— |
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Professional and other contracted services |
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127 |
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163 |
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149 |
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Company Name |
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Particulars |
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Terms |
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Conditions |
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Statement of Financial |
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2025 |
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2024 |
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Income Statement |
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2025 |
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2024 |
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2023 |
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Position Classification |
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Classification |
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(in million pesos) |
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(in million pesos) |
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Other related parties: |
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Various |
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PLDT and certain of its subsidiaries provide telephone, data communication and other services to various related parties including affiliates and directorship affiliations. |
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30 days upon receipt of invoice |
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Unsecured |
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Trade and other receivables
(Note 16) |
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8,459 |
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7,948 |
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Revenues |
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2,656 |
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2,589 |
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2,510 |
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PLDT and certain of its subsidiaries avail of lease and other services from various related parties including affiliates and directorship affiliations. |
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2025 – due after December 31, 2026;
2024 – due after December 31, 2025 |
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Unsecured |
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Lease liabilities - net of current portion (Note 10) |
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738 |
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181 |
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Expenses |
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4,355 |
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7,618 |
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4,433 |
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2025 – due after December 31, 2025;
2024 – due after December 31, 2024 |
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Unsecured |
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Current portion of lease liabilities (Note 10) |
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243 |
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97 |
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Upon depreciation or expiration of lease |
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Unsecured |
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ROU assets
(Note 10) |
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907 |
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308 |
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30 days upon receipt of billing; noninterest-bearing |
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Unsecured |
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Accounts payable
(Note 22) |
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734 |
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1,485 |
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Immediately upon receipt of billing |
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Unsecured |
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Accrued expenses and other current liabilities (Note 23) |
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744 |
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516 |
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