The company, led by founders Dennis Anthony Uy and Maria Grace Uy, added a record 260,438 new residential fiber subscribers during the period, underscoring steady demand for its broadband products even in a competitive market.
Management's view
“Over the years, we’ve always strived to deliver faster, more accessible internet to our customers,” said Benjamin Azada, who was recently appointed Converge chief operations officer.
“We’ve taken speeds from 35 Mbps to 400 Mbps in a matter of years — 11 times faster. Equally important, we’ve maintained our prices despite inflation, reducing the cost per Mbps by over 90 percent, from P45 down to just P4 per Mbps. And it’s all possible because of our robust network design that will enable high-performance connectivity for more Filipino homes well into the future,” he added.
Financial metrics lead the industry
Residential revenues climbed 10.4 percent to P18.4 billion, supported by demand for FiberX, BIDA Fiber, and prepaid Surf2Sawa.
Enterprise revenues rose 18.3 percent to P3.4 billion, with wholesale leading at 41.3 percent growth.
Earnings before interest, taxes, depreciation, and amortization (ebitda) expanded 13.1 percent to P13.5 billion, lifting margins to 61.8 percent. Return on invested capital held at 17.7 percent.
Techco pivot gathers pace
The first half also marked the launch of Converge’s refreshed corporate identity and its shift toward becoming a technology-driven enterprise.
“This new corporate identity was created with the future in mind,” said Converge president and co-founder Maria Grace Uy.
“We’re at an inflection point in our journey — from simply connecting people through fiber broadband to delivering digital-first, value-added solutions. Our transformation into a full-fledged techco is well underway, and this refreshed identity captures that momentum. It represents our charge to go from fiber to the future, a future where technology and humanity converge," she added.
New products like Super FiberX, bundled entertainment services, and the Converge Xperience Hub aim to integrate speed, value, and digital solutions for Filipino households.
—Edited by Miguel R. Camus
