Revenues climbed 10 percent to P33 billion as both residential and enterprise segments continued to expand.
Converge added 369,880 new residential customers during the period, bringing its total base to 2.93 million.
Residential income rose 9 percent to P27.7 billion, boosted by sign-ups for FiberX, BIDA Fiber, and Surf2Sawa plans.
Driving the growth
• Enterprise revenue grew 16 percent to P5.2 billion on stronger SME and wholesale demand.
• EBITDA rose 11 percent to P20.2 billion, sustaining a 61.2 percent margin.
• Return on invested capital remained high at 18.2 percent.
• Net debt stood at P10.5 billion as of September 2025.
• Capital spending reached P7.4 billion, underscoring continued network expansion.
New subsea cable to the US
Converge ICT Solutions Inc.’s key expansion project, the Bifrost Subsea Cable System, landed in Davao last August, opening new global connectivity and revenue opportunities.
The project supports Converge’s push to diversify earnings through international data capacity and enterprise services.
“This milestone is more than a technological achievement—it’s a national enabler. With this critical infrastructure in place, we are not only enabling digital transformation but also creating new trade pathways and opportunities for the Philippines,” said Dennis Uy, CEO and co-founder of Converge.
Konektadong Pinoy is here
Converge is boosting its network capacity and infrastructure readiness as the Konektadong Pinoy Act rules come into force.
The Konektadong Pinoy Act opens the telecom market to new players by easing entry rules and promoting shared infrastructure.
It sets clear performance standards and penalties, ensuring higher service quality while balancing control for existing operators and internet firms like Converge.
—Edited by Miguel R. Camus
