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Trade and Other Receivables (Tables) | 12 Months Ended
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Dec. 31, 2024
Trade and other receivables [abstract] |
Summary of Trade and Other Receivables | As at December 31, 2024 and 2023, this account consists of receivables from:
|  | 2024 |  |  | 2023 |
|  | (in million pesos) |
Corporate subscribers (Note 27) |  |  | 20,936 |  |  |  | 15,934 |
Retail subscribers (Note 27) |  |  | 17,516 |  |  |  | 19,894 |
Foreign administrations (Note 27) |  |  | 1,254 |  |  |  | 1,250 |
Domestic carriers (Note 27) |  |  | 256 |  |  |  | 188 |
Dealers, agents and others (Note 27) |  |  | 8,846 |  |  |  | 6,035 |
|  |  | 48,808 |  |  |  | 43,301 |
Less: Allowance for expected credit losses |  |  | 17,196 |  |  |  | 17,215 |
|  |  | 31,612 |  |  |  | 26,086 |
The gross carrying amount of financial assets not subject to impairment also represents our maximum exposure to credit risk as at December 31, 2024 and 2023 are as follows:
|  | 2024 |  |  | 2023 |
|  | (in million pesos) |
Financial assets at fair value through profit or loss |  |  | 1,101 |  |  |  | 578 |
Derivative financial assets – net of current portion |  |  | 385 |  |  |  | 96 |
Current portion of derivative financial assets |  |  | 30 |  |  |  | — |
Short-term investments |  |  | — |  |  |  | 269 |
Total |  |  | 1,516 |  |  |  | 943 |
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, 2024 and 2023:
| 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, 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 |
December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balances at beginning of the year |  | 1,866 |  |  | 5,023 |  |  |  | 1,717 |  |  | 3,382 |  |  |  | 1 |  |  | 133 |  |  |  | — |  |  | 1 |  |  |  | 652 |  |  | 886 |  |  |  | 4,236 |  |  | 9,425 |  |  | 13,661 |
Provisions from continuing operations |  | (394 | ) |  | 3,716 |  |  |  | 335 |  |  | 451 |  |  |  | — |  |  | (4 | ) |  |  | — |  |  | — |  |  |  | 10 |  |  | 5 |  |  |  | (49 | ) |  | 4,168 |  |  | 4,119 |
Provisions from discontinued operations |  | — |  |  | — |  |  |  | 4 |  |  | — |  |  |  | — |  |  | — |  |  |  | — |  |  | — |  |  |  | — |  |  | — |  |  |  | 4 |  |  | — |  |  | 4 |
Translation adjustments |  | — |  |  | — |  |  |  | (3 | ) |  | (1 | ) |  |  | — |  |  | — |  |  |  | — |  |  | — |  |  |  | — |  |  | — |  |  |  | (3 | ) |  | (1 | ) |  | (4 | )
Write-offs |  | — |  |  | (506 | ) |  |  | — |  |  | — |  |  |  | — |  |  | — |  |  |  | — |  |  | — |  |  |  | — |  |  | — |  |  |  | — |  |  | (506 | ) |  | (506 | )
Reclassifications and reversals |  | (24 | ) |  | 17 |  |  |  | 73 |  |  | (12 | ) |  |  | 7 |  |  | (13 | ) |  |  | — |  |  | — |  |  |  | (54 | ) |  | (53 | ) |  |  | 2 |  |  | (61 | ) |  | (59 | )
Balances at end of the year |  | 1,448 |  |  | 8,250 |  |  |  | 2,126 |  |  | 3,820 |  |  |  | 8 |  |  | 116 |  |  |  | — |  |  | 1 |  |  |  | 608 |  |  | 838 |  |  |  | 4,190 |  |  | 13,025 |  |  | 17,215 |

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