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Manila Bulletin devider Business devider The Stock Market devider Converge earnings up 8% in first 9 months

Converge earnings up 8% in first 9 months

Published Nov 6, 2025 08:36 pm
Converge Chief Executive Officer Dennis Anthony Uy
Converge Chief Executive Officer Dennis Anthony Uy
Telco-to-tech provider Converge ICT Solutions Inc. sustained its upward momentum this year, posting an eight-percent growth in earnings from January to September, with its residential and enterprise segments firing at all cylinders.
In a disclosure to the Philippine Stock Exchange, Converge reported that its net income reached ₱8.9 billion in the first nine months compared to ₱8.2 billion in the same period last year.
The Uy-led telco period booked a 10-percent gain in revenues to ₱32.97 billion in the period from ₱29.94 billion last year.
The residential segment sustained its strong demand by the end of September, growing nine percent to ₱27.75 billion from ₱25.44 billion last year.
The company ended the nine-month period with a total of 2.93 million residential subscribers.
Broken down, 2.42 million are postpaid subscribers, while the remaining 510,032 are prepaid subscribers.
Converge said it registered nearly 370,000 fiber net adds over the nine months, reflecting the strong demand for its three core products—FiberX, BIDA Fiber, and Surf2Sawa.
The company’s enterprise business rose by 16 percent to ₱5.22 billion in the period, surpassing last year’s ₱4.50 billion.
The strong performance was supported by the growth of the enterprise customer base, particularly from its SME and wholesale subsegments, and the rollout of enhanced service offerings.
Capital expenditures (capex) in the first nine months amounted to ₱7.4 billion, slightly lower than ₱7.5 last year.
The company’s spending this year largely focused on readying the start of operations for its Caloocan and Pampanga data centers.
Likewise, it is also planning to activate its linkage to the Bifrost Cable System and the Southeast Asia Hainan-Hong Kong Express Cable System (SEA H2X) within the year.
The company earlier set its capex target between ₱20 billion to ₱25 billion this year.
"Our techco transition has driven us to accelerate improvements in our infrastructure and to bring more advanced digital solutions,” said Converge Chief Executive Officer (CEO) Dennis Anthony Uy.
“Moving towards the end of 2025 and on to 2026, we will continue expanding our portfolio of digital and value-added services for both residential and enterprise customers," he emphasized.
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