• Net income rises 9.6 percent to P11.9 billion in 2025
• Revenue grows 10.2 percent to P44.8 billion, within guidance
• Enterprise segment expands 20.3 percent, fastest among units
• EBITDA reaches P27 billion with 60.4 percent margin
• 2026 outlook calls for 8 percent to 10 percent revenue growth
Fiber Internet giant Converge ICT Solutions expects revenue to grow by as much as 10 percent in 2026 as it continues expanding its fiber network and targeting underserved broadband markets across the Philippines.
The company, backed by internet tycoons Dennis Anthony H. Uy and Maria Grace Uy, guided for revenue growth of 8 percent to 10 percent this year, signaling continued expansion but at a potentially slower pace than the past year.
This followers a healthy 2025 performance that kept the company among the most profitable broadband providers in the country.
Converge reported consolidated revenues of P44.8 billion in 2025, up 10.2 percent from P40.6 billion in 2024 and within its financial guidance.
Net income rose 9.6 percent to P11.9 billion from P10.8 billion a year earlier, translating to a net income margin of 26.5 percent.
Operating profitability remained strong. Earnings before interest, taxes, depreciation and amortization increased 10 percent to P27 billion, while EBITDA margin stayed high at 60.4 percent.
Drivers of last year’s growth
Residential broadband continued to anchor the business.
The segment generated P37.3 billion in revenue in 2025, up 8.4 percent year on year. Converge ended the year with 2,984,212 residential subscribers after adding 428,417 fiber customers during the period.
Enterprise connectivity remained the faster-growing segment.
Enterprise revenues climbed 20.3 percent to P7.4 billion from P6.2 billion in 2024 as small and medium enterprises and wholesale customers expanded their connectivity requirements.
The company increasingly sees enterprise services as a key pillar for future growth alongside its residential fiber base.
What supports the 2026 outlook
Much of the company’s strategy this year centers on expanding coverage and improving network resilience.
Converge plans to deploy up to around 900,000 additional fiber ports in 2026, focusing largely on underserved areas in Visayas and Mindanao.
Capital expenditures are expected to reach between P18 billion and P23 billion to fund network expansion, reliability upgrades and capacity improvements.
The increased spending is expected to slightly compress profitability, with EBITDA margin projected to settle between 58 percent and 59 percent in 2026 due to higher marketing costs, customer retention efforts and maintenance tied to the network upgrades.
Strong balance sheet
Converge maintained healthy financial metrics while continuing to invest heavily in infrastructure.
Return on invested capital stood at 17.7 percent in 2025, reflecting disciplined capital deployment for fiber network expansion.
Net debt stood at P14.2 billion at the end of the year, while total financial debt declined to P24.1 billion following repayments.
Liquidity indicators remained strong. The company reported a debt service coverage ratio of 3.5 times, with net debt to equity at 0.2 times and gross debt to equity at 0.4 times.
Capital expenditures reached P17.7 billion in 2025 as Converge expanded and strengthened its broadband infrastructure.
—Edited by Miguel R. Camus
