Converge ICT Solutions Inc. reported revenues of P34.2 billion for the first nine months of 2026, an increase of nearly 4% year-on-year. The leading Philippine fiber broadband and technology provider achieved this growth despite inflationary pressures and slower economic expansion, supported by robust momentum in its enterprise segment and a solid residential subscriber base.
Key Financial Highlights
- Total Revenues: P34.2 billion (+4% year-on-year)
- Enterprise Revenues: P6.4 billion (+22.0%)
- Large Corporate segment: +29.3% growth
- SME segment: +15.4% growth
- Residential Revenues: P27.9 billion; subscriber base reached over 3.1 million as of end-September 2026
- Net Income: P8.1 billion, representing a net income margin of 23.6%
- EBITDA: P19.9 billion, with a consolidated margin of 58.0%, in line with full-year guidance
- Return on Invested Capital (ROIC): 14.5%, an industry-leading figure
Enterprise Segment Powers Growth
"Our Enterprise business is driving growth for Converge as we see the impact of our investments in digital infrastructure needed by both large corporates and wholesale operators. Our small and medium enterprise (SME) segment is also gaining traction as we focused on targeted programs for this sector," said Converge CEO and Co-Founder Dennis Anthony Uy.
The enterprise segment delivered standout performance, growing by 22.0% to P6.4 billion. Both the Large Corporate and SME subsegments posted strong double-digit growth, reflecting increasing demand for reliable digital infrastructure across industries.
"Our Enterprise business is in full swing. We’ve secured major wins this year, including major international carriers, global tech firms, major hotels, and local government units. We’re also excited for opportunities in our wholesale segment with our two new international subsea cables — Bifrost and SEA-H2X — now online," said Converge Chief Operations Officer Benjamin Azada.
Strong Profitability and Operational Efficiency
"Our disciplined approach to cost management continues to strengthen the company’s financial performance, allowing us to sustain healthy income margins while maintaining operational efficiency. By carefully managing our resources and prioritizing investments that deliver long-term value, we remain focused on driving sustainable profitability and creating greater value for our stakeholders," said Converge President and Co-Founder Grace Uy.
Converge maintained healthy profitability through the period, achieving a net income margin of 23.6% and an EBITDA margin of 58.0%. The company also recorded an industry-leading Return on Invested Capital of 14.5%.
"Our industry leading ROIC reflects our commitment to high capital efficiency. By executing targeted, high-impact investments, we are expanding our reach while maintaining healthy margins comfortably within our full-year guidance, setting a clear trajectory for sustained profitability and long-term shareholder value," said Converge Chief Finance Officer Robert Yu.
Governance, Workplace, and Security Milestones
Beyond financial performance, Converge continued to earn recognition for corporate governance, workplace excellence, and information security. The company secured the Institute of Corporate Directors’ prestigious Five Golden Arrow rating in October — the highest governance honor for Philippine listed companies — for the second consecutive year.
"In the face of changing regulatory landscape and shifting business environment, including the impact of AI on how corporations manage operations, Converge continues to exemplify that upholding the highest standards of corporate governance remains a constant," said Corporate Compliance and Data Protection Officer and Corporate Sustainability Officer Atty. Laurice Esteban-Tuason.
Converge also received three honors at the HR Asia Best Companies to Work for in Asia Awards 2026, winning recognition for Best Companies to Work For, Diversity, Equity, and Inclusion, and Sustainable Workplace. Additionally, the company earned the globally recognized ISO/IEC 27001:2022 certification for its Information Security Management System, underscoring its commitment to data protection and cybersecurity.
Comments
Post a Comment