Insider Spotlight
The company’s net income eased about 4 percent year-on-year, reflecting weaker nonservice revenues and rising depreciation charges that offset gains in its core services.
GCash equity earnings surge
A standout in Globe’s performance was its share in GCash operator Mynt’s equity earnings, which climbed 64 percent from the prior year, rising from P3.8 billion in 2024 to P6.1 billion in 2025.
This growth lifted GCash’s contribution to around 22 percent of Globe’s pre-tax income, highlighting fintech’s increasingly strategic role in the company’s financials.
Offsetting pressures
Despite the strong growth from Mynt, Globe’s overall profit was pressured in part by regulatory challenges that impacted GCash contributions in the fourth quarter — notably the delinking of online gambling platforms — which saw the GCash contribution decline below P1 billion in that quarter.
Even with this headwind, the full-year equity earnings from GCash helped cushion Globe from broader revenue pressures, pointing to the strength of Globe’s diversification strategy into digital financial services.
Strategic context
The broader Globe story in 2025 is one of balancing legacy telco challenges with digital opportunity. Service revenues reached new records, particularly in mobile and data markets, even as operating expenses and depreciation pressures continued to weigh on bottom-line growth.
GCash’s performance underscores its growing role in Globe’s future, reflecting robust user engagement and expanding financial services beyond traditional telecom operations.
In short, Globe’s 2025 results show softer overall profits but significant upside from its digital financial services arm, suggesting that fintech could be a core pillar in the company’s long-term growth. — Daxim L. Lucas | Ed: Corrie S. Narisma
