Gross service revenues in the second quarter rose 1 percent to P40.3 billion, aided by improving mobility, stronger fiber demand, and growing 5G usage.
Management’s view
“Our second quarter performance underscores the growing impact of our cost and operational efficiency efforts. The sequential growth in revenues, core net income, stable margins, and rising contributions from Mynt reflect not just financial discipline but the operational strength of our entire organization,” said Globe president and CEO Carl Raymond R. Cruz said in a stock exchange filing on Wednesday.
“These results are a reflection of our strong execution, focused on delivering value to our customers even in a mature and competitive market,” he added.
Data traffic growth, GCashs’ 75% surge
For the first half of 2025, core net income slipped 11 percent to P10.4 billion, while normalized net income fell 16 percent to P10 billion, reflecting the impact of higher depreciation and operating costs.
• Mobile service revenues hit P57.1 billion, down 2 percent year-on-year.
• Mobile data traffic rose 7 percent quarter-on-quarter to 1,650 petabytes.
• Home broadband revenue inched up 1 percent in Q2.
• Fiber user base surged 33 percent year-on-year to 1.6 million.
• Mynt’s (GCash) equity earnings jumped 78 percent to P3.8 billion, now 26 percent of pre-tax profit.
—Edited by Miguel R. Camus
