v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - PHP (₱)
₱ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES      
Income before income tax and noncontrolling interest from continuing operations ₱ 37,690 ₱ 40,544 ₱ 34,710
Loss before income tax and noncontrolling interest from discontinued operations (Note 2)     (41)
Income before income tax 37,690 40,544 34,669
Adjustments for:      
Depreciation and amortization (Notes 9, 10, 14 and 18) 59,487 56,228 58,683
Interest on loans and other related items – net (Note 5) 13,197 11,031 9,990
Accretion on lease liabilities (Notes 2, 5 and 10) 4,579 3,935 3,268
Asset impairment (Note 5) 3,970 4,321 4,436
Pension benefit costs (Notes 5 and 25) 1,434 1,441 1,426
Foreign exchange losses (gains) - net (Note 5 and 27) 550 36 (1,153)
Equity share in net losses of associates and joint ventures (Notes 5 and 11) 428 990 2,806
Accretion on financial liabilities (Notes 5 and 20) 372 455 409
Losses (Gains) on derivative financial instruments - net (Notes 5 and 27) 41 (1,641) 743
Incentive plan (Notes 5 and 25)   1,136 839
Impairment of investments (Note 11)     70
Income from prescription of preferred shares redemption liability (Notes 19)   (71)  
Gains on disposal of property and equipment (Note 5) (79) (85) (468)
Interest income (Note 5) (719) (916) (1,017)
Gain on sale and leaseback of telecom towers (Notes 5 and 9) (887) (1,442) (7,777)
Others (781) (864) (166)
Operating income before changes in assets and liabilities 119,282 115,098 106,758
Decrease (increase) in:      
Prepayments 5,731 21,034 10,264
Inventories and supplies 1,742 31 597
Contract assets 265 (139) 101
Trade and other receivables (2,052) (9,137) 952
Other financial and non-financial assets 279 (1,824) 156
Increase (decrease) in:      
Customers deposits (784) (194) (75)
Pension and other employee benefits (5,466) (3,355) (5,174)
Accounts payable (7,754) (27,765) (21,285)
Accrued expenses and other current liabilities (9,921) (8,716) (4,414)
Other noncurrent liabilities 72 (20) (57)
Net cash flows generated from operations 101,394 85,013 87,823
Income taxes paid (2,656) (3,282) (2,058)
Net cash flows from operating activities 98,738 81,731 85,765
Proceeds from:      
Disposal of property and equipment (Note 9) 1,220 4,827 23,971
Return of capital on an investment in joint venture (Note 11) 600    
Disposal of investments in associates and joint ventures 175    
Maturity of short-term investments 126 21 440
Redemption of investment in debt securities (Note 12) 25 200  
Interest received 686 881 973
Payments for:      
Purchase of short-term investments   (37) (449)
Purchase of financial assets at fair value through profit or loss   (166)  
Acquisition of investments in associates and joint ventures (Note 11) (186) (3,770) (1,636)
Acquisition of intangibles (217) (29)  
Interest capitalized to property and equipment (Notes 5 and 9) (2,724) (2,589) (2,169)
Purchase of property and equipment (Note 9) (60,140) (65,668) (76,266)
Decrease (Increase) in other financial and non-financial assets (544) 626 18
Net cash flows used in investing activities (60,979) (65,704) (55,118)
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES      
Availments of long-term debt (Notes 20 and 28) 36,150 37,000 38,000
Availments of short-term debt (Notes 20 and 28) 1,322    
Collections of derivative financial instruments - net (Notes 27 and 28)   704  
Return of preferred shares redemption fund (Note 19)   71  
Payments for:      
Distribution charges on perpetual notes (Note 19)   (59) (236)
Redemption of perpetual notes (Note 19)   (4,200)  
Settlements of derivative financial instruments - net (Notes 27 and 28) (243)   (607)
Debt issuance costs (Notes 20 and 28) (271) (219) (214)
Short-term debt (Notes 20 and 28) (1,022)   (10,000)
Interest - net of capitalized portion (Notes 5 and 28) (13,233) (10,740) (9,715)
Obligations under lease liabilities (Notes 10 and 28) (14,328) (12,079) (10,707)
Cash dividends (Notes 19 and 28) (20,590) (20,750) (23,328)
Long-term debt (Notes 20 and 28) (23,712) (12,059) (22,611)
Net cash flows used in financing activities (35,927) (22,331) (39,418)
NET EFFECT OF FOREIGN EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS 23 138 (263)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 1,855 (6,166) (9,034)
CASH AND CASH EQUIVALENTS AT BEGINNING OF THE YEAR (Note 15) 10,011 16,177 25,211
CASH AND CASH EQUIVALENTS AT END OF THE YEAR (Note 15) ₱ 11,866 ₱ 10,011 ₱ 16,177