$PHTCF

PLDT Inc.

CIK:0000078150|SEC Filings

CONSOLIDATED INCOME STATEMENTS - PHP (₱) ₱ in Millions	12 Months Ended
CONSOLIDATED INCOME STATEMENTS - PHP (₱) ₱ in Millions	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
REVENUES FROM CONTRACTS WITH CUSTOMERS
Service revenues (Notes 4 and 5)	₱ 212,186	₱ 208,382	₱ 201,832
Non-service revenues (Notes 4 and 5)	6,202	8,451	9,121
Revenues	218,388	216,833	210,953
EXPENSES
General operating costs (Note 5)	75,789	78,068	81,655
Depreciation and amortization (Notes 9,10,14 and 18)	59,487	56,228	58,662
Cost of devices, accessories and contract-specific services (Note 5)	12,784	14,011	15,092
Asset impairment (Note 5)	3,970	4,321	4,432
Interconnection costs (Note 5)	16,010	13,718	10,418
Expenses	168,040	166,346	170,259
Profit (loss) from operating activities	50,348	50,487	40,694
OTHER EXPENSES- NET (Note 5)	12,658	9,943	5,984
INCOME BEFORE INCOME TAX FROM CONTINUING OPERATIONS	37,690	40,544	34,710
PROVISION FOR INCOME TAX (Note 7)	8,821	9,601	9,170
NET INCOME FROM CONTINUING OPERATIONS (Note 4)	28,869	30,943	25,540
NET LOSS FROM DISCONTINUED OPERATIONS (Notes 2 and 4)			(41)
NET INCOME (Note 4)	28,869	30,943	25,499
ATTRIBUTABLE TO:
Equity holders of PLDT (Note 8)	28,662	30,695	25,289
Noncontrolling interests	207	248	210
NET INCOME (Note 4)	₱ 28,869	₱ 30,943	₱ 25,499
Earnings Per Share Attributable to Common Equity Holders of PLDT (Notes 8)
Basic	₱ 132.38	₱ 141.8	₱ 116.77
Diluted	132.38	141.8	116.77
Earnings Per Share from Continuing Operations Attributable to Common Equity Holders of PLDT (Note 8)
Basic	132.38	141.8	116.96
Diluted	₱ 132.38	₱ 141.8	₱ 116.96

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

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - PHP (₱) ₱ in Millions	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Noncurrent Assets
Property and equipment (Note 9)	₱ 327,989	₱ 318,069	₱ 287,103
Right-of-use assets (Note 10)	48,777	39,111	32,717
Investments in associates and joint ventures (Note 11)	52,425	52,764	50,308
Financial assets at fair value through profit or loss (Note 27)	1,030	1,101	578
Debt instruments at amortized cost - net of current portion (Note 12)	350	370	395
Investment properties (Note 13)	7,789	3,000	1,315
Goodwill and intangible assets (Note 14)	64,421	64,464	64,335
Deferred income tax assets – net (Note 7)	11,582	14,643	18,172
Derivative financial assets - net of current portion (Note 27)	617	385	96
Prepayments and other nonfinancial assets - net of current portion (Note 18)	46,486	61,929	80,365
Contract assets – net of current portion (Note 5)	333	485	531
Other financial assets - net of current portion (Note 27)	3,616	3,126	3,481
Total Noncurrent Assets	565,415	559,447	539,396
Current Assets
Cash and cash equivalents (Notes 15 and 27)	11,866	10,011	16,177
Short-term investments (Note 27)	10	136	391
Trade and other receivables (Note 16)	31,367	31,612	26,086
Inventories and supplies (Note 17)	1,843	3,306	3,340
Current portion of contract assets (Note 5)	1,154	1,401	1,387
Current portion of derivative financial assets (Note 27)	203	30
Current portion of debt instruments at amortized cost (Notes 12 and 27)	20	25	200
Current portion of prepayments and other nonfinancial assets (Notes 18 )	16,191	9,975	13,215
Current portion of other financial assets (Notes 27)	339	831	320
Total current assets other than assets classified as held-for-sale	62,993	57,327	61,116
Assets classified as held-for-sale (Notes 9 and 10)	6,420	6,501	9,007
Total Current Assets	69,413	63,828	70,123
TOTAL ASSETS	634,828	623,275	609,519
Equity
Treasury stock (Note 19)	(6,505)	(6,505)	(6,505)
Capital in excess of par value	130,204	130,312	130,312
Retained earnings	37,320	29,242	18,973
Other comprehensive loss (Note 6)	(35,733)	(39,233)	(39,165)
Total Equity Attributable to Equity Holders of PLDT	126,889	115,419	105,218
Noncontrolling interests	1,194	1,316	5,168
TOTAL EQUITY	128,083	116,735	110,386
Noncurrent Liabilities
Interest-bearing financial liabilities - net of current portion (Note 20)	278,868	258,246	243,152
Lease liabilities - net of current portion (Note 10)	55,276	46,703	41,625
Deferred income tax liabilities – net (Note 7)	75	60	165
Customers' deposits (Note 27)	1,262	2,046	2,238
Pension and other employee benefits (Note 25)	3,810	3,548	5,661
Deferred credits and other noncurrent liabilities (Notes 21)	8,311	7,475	9,607
Derivative financial liabilities - net of current portion (Note 27)			12
Total Noncurrent Liabilities	347,602	318,078	302,460
Current Liabilities
Accounts payable (Note 22)	56,379	66,722	81,014
Accrued expenses and other current liabilities (Notes 23 )	72,952	85,488	88,750
Current portion of interest-bearing financial liabilities (Note 20)	16,180	23,340	11,646
Current portion of lease liabilities (Note 10)	8,897	7,335	5,921
Dividends payable (Note 19)	2,087	2,005	1,912
Current portion of derivative financial liabilities (Note 27)	77	97	1,021
Income tax payable	946	1,860	4,630
Total current liabilities other than liabilities classified as held-for-sale	157,518	186,847	194,894
Liabilities associated with assets classified as held-for-sale	1,625	1,615	1,779
Total Current Liabilities	159,143	188,462	196,673
TOTAL LIABILITIES	506,745	506,540	499,133
TOTAL EQUITY AND LIABILITIES	634,828	623,275	609,519
Non-voting Serial Preferred Stock [Member]
Equity
Initial capitalization amount	360	360	360
Voting Preferred Stock [Member]
Equity
Initial capitalization amount	150	150	150
Common Stock [Member]
Equity
Initial capitalization amount	₱ 1,093	₱ 1,093	₱ 1,093