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Operating Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2024
Disclosure of operating segments [abstract] |
Summary of Operating Segments | The segment revenues, net income, and other segment information of our reportable operating segments for the years ended December 31, 2024, 2023 and 2022, and as at December 31, 2024 and 2023 are as follows:
|  | Wireless |  |  | Fixed Line |  |  | Others |  |  | Inter- segment Transactions |  |  | Consolidated |
|  | (in million pesos) |
December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
External customers |  |  | 104,944 |  |  |  | 111,889 |  |  |  | — |  |  |  | — |  |  |  | 216,833 |
Service revenues |  |  | 96,989 |  |  |  | 111,393 |  |  |  | — |  |  |  | — |  |  |  | 208,382 |
Non-service revenues |  |  | 7,955 |  |  |  | 496 |  |  |  | — |  |  |  | — |  |  |  | 8,451 |
Inter-segment transactions |  |  | 790 |  |  |  | 14,601 |  |  |  | — |  |  |  | (15,391 | ) |  |  | — |
Service revenues |  |  | 790 |  |  |  | 14,601 |  |  |  | — |  |  |  | (15,391 | ) |  |  | — |
Non-service revenues |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total revenues |  |  | 105,734 |  |  |  | 126,490 |  |  |  | — |  |  |  | (15,391 | ) |  |  | 216,833 |
Results |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization |  |  | 36,297 |  |  |  | 29,065 |  |  |  | — |  |  |  | (9,374 | ) |  |  | 55,988 |
Asset impairment |  |  | 906 |  |  |  | 3,415 |  |  |  | — |  |  |  | — |  |  |  | 4,321 |
Interest income |  |  | 698 |  |  |  | 230 |  |  |  | 15 |  |  |  | (27 | ) |  |  | 916 |
Equity share in net losses of associates and joint ventures |  |  | — |  |  |  | (67 | ) |  |  | (923 | ) |  |  | — |  |  |  | (990 | )
Financing costs – net |  |  | 9,763 |  |  |  | 7,456 |  |  |  | — |  |  |  | (1,719 | ) |  |  | 15,500 |
Provision for (benefit from) income tax |  |  | 3,276 |  |  |  | 6,501 |  |  |  | (9 | ) |  |  | 370 |  |  |  | 10,138 |
Net income (loss) / Segment profit (loss) |  |  | 11,060 |  |  |  | 32,392 |  |  |  | (1,069 | ) |  |  | (9,828 | ) |  |  | 32,555 |
Assets and liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating assets |  |  | 326,672 |  |  |  | 291,635 |  |  |  | 19,879 |  |  |  | (82,318 | ) |  |  | 555,868 |
Investments in associates and joint ventures |  |  | 108 |  |  |  | 44,758 |  |  |  | 7,898 |  |  |  | — |  |  |  | 52,764 |
Deferred income tax assets – net |  |  | 6,537 |  |  |  | 8,014 |  |  |  | 62 |  |  |  | 30 |  |  |  | 14,643 |
Total assets |  |  | 333,317 |  |  |  | 344,407 |  |  |  | 27,839 |  |  |  | (82,288 | ) |  |  | 623,275 |
Operating liabilities |  |  | 280,160 |  |  |  | 287,993 |  |  |  | 1,182 |  |  |  | (62,855 | ) |  |  | 506,480 |
Deferred income tax liabilities |  |  | 15 |  |  |  | 43 |  |  |  | — |  |  |  | 2 |  |  |  | 60 |
Total liabilities |  |  | 280,175 |  |  |  | 288,036 |  |  |  | 1,182 |  |  |  | (62,853 | ) |  |  | 506,540 |
Other segment information |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures, including capitalized interest (Note 9)(1)(2) |  |  | 40,767 |  |  |  | 37,294 |  |  |  | 185 |  |  |  | — |  |  |  | 78,246 |
(1) Net of additions subject to sale and leaseback from tower companies. (2) Includes capitalization of subscriber contract cost to fulfill.
|  | Wireless |  |  | Fixed Line |  |  | Others |  |  | Inter- segment Transactions |  |  | Consolidated |
|  | (in million pesos) |
December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
External customers |  |  | 103,718 |  |  |  | 107,235 |  |  |  | — |  |  |  | — |  |  |  | 210,953 |
Service revenues |  |  | 94,994 |  |  |  | 106,838 |  |  |  | — |  |  |  | — |  |  |  | 201,832 |
Non-service revenues |  |  | 8,724 |  |  |  | 397 |  |  |  | — |  |  |  | — |  |  |  | 9,121 |
Inter-segment transactions |  |  | 683 |  |  |  | 13,499 |  |  |  | — |  |  |  | (14,182 | ) |  |  | — |
Service revenues |  |  | 683 |  |  |  | 13,498 |  |  |  | — |  |  |  | (14,181 | ) |  |  | — |
Non-service revenues |  |  | — |  |  |  | 1 |  |  |  | — |  |  |  | (1 | ) |  |  | — |
Total revenues |  |  | 104,401 |  |  |  | 120,734 |  |  |  | — |  |  |  | (14,182 | ) |  |  | 210,953 |
Results |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization |  |  | 31,498 |  |  |  | 36,855 |  |  |  | — |  |  |  | (9,912 | ) |  |  | 58,441 |
Asset impairment |  |  | 648 |  |  |  | 3,784 |  |  |  | — |  |  |  | — |  |  |  | 4,432 |
Interest income |  |  | 720 |  |  |  | 324 |  |  |  | 7 |  |  |  | (35 | ) |  |  | 1,016 |
Equity share in net losses of associates and joint ventures |  |  | — |  |  |  | (595 | ) |  |  | (2,211 | ) |  |  | — |  |  |  | (2,806 | )
Financing costs – net |  |  | 9,034 |  |  |  | 6,824 |  |  |  | — |  |  |  | (2,103 | ) |  |  | 13,755 |
Provision for income tax |  |  | 5,537 |  |  |  | 4,015 |  |  |  | 1 |  |  |  | 59 |  |  |  | 9,612 |
Net income (loss) / Segment profit (loss) |  |  | 17,522 |  |  |  | 26,514 |  |  |  | (2,270 | ) |  |  | (14,901 | ) |  |  | 26,824 |
Continuing operations |  |  | 17,522 |  |  |  | 26,514 |  |  |  | (2,270 | ) |  |  | (14,901 | ) |  |  | 26,865 |
Discontinued operations (Notes 2 and 8) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (41 | )
December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Assets and liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating assets |  |  | 291,140 |  |  |  | 260,220 |  |  |  | 13,415 |  |  |  | (23,736 | ) |  |  | 541,039 |
Investments in associates and joint ventures |  |  | 41 |  |  |  | 42,709 |  |  |  | 7,558 |  |  |  | — |  |  |  | 50,308 |
Deferred income tax assets – net |  |  | 5,356 |  |  |  | 11,270 |  |  |  | 53 |  |  |  | 1,493 |  |  |  | 18,172 |
Total assets |  |  | 296,537 |  |  |  | 314,199 |  |  |  | 21,026 |  |  |  | (22,243 | ) |  |  | 609,519 |
Operating liabilities |  |  | 233,237 |  |  |  | 279,660 |  |  |  | 1,883 |  |  |  | (15,812 | ) |  |  | 498,968 |
Deferred income tax liabilities |  |  | — |  |  |  | 165 |  |  |  | — |  |  |  | — |  |  |  | 165 |
Total liabilities |  |  | 233,237 |  |  |  | 279,825 |  |  |  | 1,883 |  |  |  | (15,812 | ) |  |  | 499,133 |
December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other segment information |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures, including capitalized interest (Note 9)(1) |  |  | 36,797 |  |  |  | 48,286 |  |  |  | — |  |  |  | — |  |  |  | 85,083 |
(1) Net of additions subject to sale and leaseback from tower companies.
|  | Wireless |  |  | Fixed Line |  |  | Others |  |  | Inter- segment Transactions |  |  | Consolidated |
|  | (in million pesos, except for EBITDA margin) |
December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
External customers |  |  | 103,482 |  |  |  | 100,880 |  |  |  | — |  |  |  | — |  |  |  | 204,362 |
Service revenues |  |  | 95,060 |  |  |  | 100,284 |  |  |  | — |  |  |  | — |  |  |  | 195,344 |
Non-service revenues |  |  | 8,422 |  |  |  | 596 |  |  |  | — |  |  |  | — |  |  |  | 9,018 |
Inter-segment transactions |  |  | 792 |  |  |  | 26,930 |  |  |  | — |  |  |  | (27,722 | ) |  |  | — |
Service revenues |  |  | 792 |  |  |  | 26,930 |  |  |  | — |  |  |  | (27,722 | ) |  |  | — |
Total revenues |  |  | 104,274 |  |  |  | 127,810 |  |  |  | — |  |  |  | (27,722 | ) |  |  | 204,362 |
Results |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization |  |  | 52,660 |  |  |  | 55,707 |  |  |  | — |  |  |  | (9,736 | ) |  |  | 98,631 |
Asset impairment |  |  | 1,173 |  |  |  | 4,870 |  |  |  | 1 |  |  |  | — |  |  |  | 6,044 |
Interest income |  |  | 451 |  |  |  | 202 |  |  |  | 14 |  |  |  | (14 | ) |  |  | 653 |
Equity share in net gains (losses) of associates and joint ventures |  |  | — |  |  |  | (253 | ) |  |  | (3,051 | ) |  |  | — |  |  |  | (3,304 | )
Financing costs – net |  |  | 8,349 |  |  |  | 6,100 |  |  |  | — |  |  |  | (2,690 | ) |  |  | 11,759 |
Provision for (benefit from) income tax |  |  | 3,793 |  |  |  | (1,102 | ) |  |  | (134 | ) |  |  | 140 |  |  |  | 2,697 |
Net income (loss) / Segment profit (loss) |  |  | 15,104 |  |  |  | 16,766 |  |  |  | (2,669 | ) |  |  | (17,866 | ) |  |  | 10,735 |
Continuing operations |  |  | 15,104 |  |  |  | 16,766 |  |  |  | (2,669 | ) |  |  | (17,866 | ) |  |  | 11,335 |
Discontinued operations (Notes 2 and 8) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (600 | )
Other segment information |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures, including capitalized interest (Note 9)(1) |  |  | 46,636 |  |  |  | 50,174 |  |  |  | — |  |  |  | — |  |  |  | 96,810 |
(1) Net of additions subject to sale and leaseback from tower companies.
Summary of Revenues from External Customers by Category of Products and Services | The following table presents our revenues from external customers by category of products and services for the years ended December 31, 2024, 2023 and 2022:
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | (in million pesos) |
Wireless services |  |  |  |  |  |  |  |  |
Service revenues: |  |  |  |  |  |  |  |  |
Mobile |  |  | 95,508 |  |  |  | 93,365 |  |  |  | 93,029 |
Home broadband |  |  | 1,481 |  |  |  | 1,629 |  |  |  | 2,028 |
Others |  |  | — |  |  |  | — |  |  |  | 3 |
|  |  | 96,989 |  |  |  | 94,994 |  |  |  | 95,060 |
Non-service revenues: |  |  |  |  |  |  |  |  |
Sale of mobile handsets and broadband data modems |  |  | 7,955 |  |  |  | 8,724 |  |  |  | 8,422 |
Total wireless revenues |  |  | 104,944 |  |  |  | 103,718 |  |  |  | 103,482 |
Fixed line services |  |  |  |  |  |  |  |  |
Service revenues: |  |  |  |  |  |  |  |  |
Data |  |  | 82,893 |  |  |  | 81,509 |  |  |  | 77,889 |
Voice and miscellaneous |  |  | 28,500 |  |  |  | 25,329 |  |  |  | 22,395 |
|  |  | 111,393 |  |  |  | 106,838 |  |  |  | 100,284 |
Non-service revenues: |  |  |  |  |  |  |  |  |
Sale of phone units, devices and others |  |  | 496 |  |  |  | 397 |  |  | 596 |
Total fixed line revenues |  |  | 111,889 |  |  |  | 107,235 |  |  |  | 100,880 |
Total revenues |  |  | 216,833 |  |  |  | 210,953 |  |  |  | 204,362 |

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