Operating Segment Information (Tables)

12 Months Ended

Dec. 31, 2024

Disclosure of operating segments [abstract]

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